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Schlumberger New Energy, CEA and Partners Announce the Appointment of CEO of Genvia, a Clean Hydrogen Technology Company

By February 18, 2021 9   min read  (1669 words)

February 18, 2021 |

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Genvia is led by a board of directors made up of the Genvia partner companies and formed with the definition of a clear direction to achieve ambitious milestones for the development and industrialization of solid oxide technologies.

Schlumberger New Energy, CEA and partners have appointed Florence Lambert as CEO of the Genvia project to create a clean hydrogen technology effective March 1, 2021. Lambert has more than 20 years of experience in the field of new energy technologies and was previously CEO of CEA-LITEN in Grenoble, France.

“She has been an authority on the development of transition technologies in the energy industry for several years. We are delighted that she has decided to bring her expertise and passion to the Genvia management team. We believe hydrogen is a critical fuel that countries can use to meet their decarbonization ambitions, ”said Ashok Belani, Executive Vice President Schlumberger New Energy.

In the next 30 years, hydrogen production could represent 20% of total energy demand, according to the Hydrogen Council. Genvia technology development and its industrialization activities are in line with the expected strong growth of the hydrogen economy. Genvia will deliver early, innovative solutions across industries through strategic alliances.

“Genvia brings together an exceptional group of partners who aim to promote a new ecosystem to accelerate the development and industrialization of low-cost, clean hydrogen production. I am particularly excited about the opportunity to work with Genvia to create business and jobs growth that also curb climate change, ”said Florence Lambert, the newly appointed CEO of Genvia.

The Genvia Board of Directors is represented by senior management representatives from its founding partners:

  • François Jacq, Chairman and Philippe Stohr, Energy Division Director, CEA
  • Ashok Belani, Executive Vice President New Energy and Olivier Peyret, Chairman of France, Schlumberger
  • Guy Sidos, Chairman and CEO, Vicat
  • Pascal Baylocq, CEO Geostock, ( VINCI Construction)
  • Simon Munsch, Services Director, Occitanie Region.

CEA’s proprietary Genvia high-performance solid oxide electrolyzer technology is fully reversible, giving it the flexibility to switch between electrolysis and fuel cell functions. Genvia’s technology design enables electricity conversion efficiency to be 30% higher per kilogram of hydrogen produced. This reduces the production costs for clean hydrogen to a level that can cope with aggressive competition with other energy sources.

Using Schlumberger’s expertise in industrializing technologies, Genvia’s first pilot production line will be set up in 2021 at a Schlumberger manufacturing facility in Béziers, France. Genvia will also set up a technology center on the CEA site in Grenoble, France, to accelerate the maturation of the technology beyond the industrialization process.

Genvia will participate in a number of demonstration projects with partners in different use cases for the industrial, energy and mobility sectors. These demonstration projects will pave the way for the development of a full value chain using hydrogen as the clean energy carrier of choice. The various demonstration projects are expected to range from 300 kW systems in 2023 to larger systems with megawatt capacities in 2024.

Based on the results from the pilot line and the demonstration projects, it can be expected that investments in the construction of a gigantic production facility for the manufacture of solid oxide electrolysers and fuel cell stacks will be made for the first time in 2025. The start of production for the Giga manufacturing facility will enable Genvia to supply electrolysers and fuel cells in the gigawatt range. Market demand in this size range is expected to accelerate through 2030 and beyond.

About Schlumberger New Energy

Schlumberger is the world’s leading provider of technology for the global energy industry. Schlumberger New Energy explores new growth opportunities by harnessing Schlumberger’s intellectual and business capital in emerging new energy markets, with an emphasis on low-carbon and carbon-neutral energy technologies. The company’s activities include projects in the fields of hydrogen, lithium , carbon capture and sequestration, energy generation from geothermal energy and geoenergy for heating and cooling buildings.

About CEA

CEA is a key player in research, development and innovation in four main areas: energy transition, digital transformation, technology for the medicine of the future, and defense and security. With 20,000 employees at nine French locations equipped with very large research infrastructures, CEA is actively involved in cooperation projects with a large number of academic and industrial partners in France, Europe and worldwide. According to the 2019 Clarivate ranking, CEA is the first French research organization in terms of the number of patents registered in France and Europe.

CEA invested in it through its wholly owned subsidiary CEA Investissement, a unique tool for a public research institution. The company is supported and operated by Supernova Invest, CEA’s partner in an over-the-counter company, which brings its in-depth expertise in innovative technologies to more than 140 investments in high-tech companies, including the hydrogen industry.

www.cea.fr

www.supernovainvest.com

About VINCI Construction

VINCI Construction, a subsidiary of VINCI, is active as a global player and European market leader on five continents and generated sales of 14.9 billion euros in 2019 with over 72,000 employees and 830 companies. The company, which is structured according to an integrated model, is able to operate in eight areas over the entire life cycle of a building (financing, planning, construction, maintenance): buildings, functional buildings, transport infrastructure, hydraulic engineering, renewable and nuclear energies, environmental , Hydrogen and gas sectors, and mining.

www.vinci-construction.com

About Vicat

With almost 200 years of experience, the Vicat Group develops a first-class range of mineral and bio-based building materials. On the way to climate neutrality in its entire value chain, the group operates three core business areas: cement, ready-mixed concrete and aggregates as well as the related activities. The company, which is still family-run, employs almost 9,950 people and generated consolidated sales of 2.7 billion euros in 2019. The group operates in twelve countries: France, Switzerland, Italy, United States, Turkey, Egypt, Senegal, Mali, Mauritania, Kazakhstan, India and Brazil. More than 60% of sales are generated outside France.

www.vicat.com

About AREC, an investment company in the Occitania region

As a tool for the Occitania region, AREC proposes solutions for the energy transition. The agency endeavors to offer tailored solutions to the actors, whether turnkey or specific, depending on the contexts of the actors in the territories of Occitania. She has a neutral, objective vision of solutions. As a trustworthy third party for the regional actors and in the service of the general interest, AREC’s added value lies in its unique support for the entire value chain of the energy transition: from the upstream to the implementation and financing of projects. The Occitania region has always positioned itself as a pioneer in the development of the hydrogen sector in its territory. This wish was confirmed in 2019 by the adoption of an unprecedented, The “Green Hydrogen Plan”, endowed with 150 million euros, will make it possible to achieve the goal of becoming the leading positive energy region in Europe by 2050. As an actor in the energy transition in Occitania, AREC has been actively involved in the introduction of “green hydrogen” in the region since 2016. The agency provides technical support and invests in innovative production and distribution projects to install environmentally friendly hydrogen ecosystems. AREC is already involved in large projects in Occitania, such as the HyPort project and the Hyd’Occ project. As an actor in the energy transition in Occitania, AREC has been actively involved in the introduction of “green hydrogen” in the region since 2016. The agency provides technical support and invests in innovative production and distribution projects to install environmentally friendly hydrogen ecosystems. AREC is already involved in large projects in Occitania, such as the HyPort project and the Hyd’Occ project. As an actor in the energy transition in Occitania, AREC has been actively involved in the introduction of “green hydrogen” in the region since 2016. The agency provides technical support and invests in innovative production and distribution projects to install environmentally friendly hydrogen ecosystems. AREC is already involved in large projects in Occitania, such as the HyPort project and the Hyd’Occ project.

www.arec-occitanie.fr

Cautionary Notes Regarding Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the US securities laws. That is, statements about future, not past, events. Such statements often contain terms such as “expect”, “may”, “believe”, “plan”, “estimate”, “intend”, “anticipate”, “should”, “could”, “will”, “likely”, “With the goal” and other similar words. Forward-looking statements address matters that are of varying degrees of uncertainty, such as the extent to which hydrogen will meet future global energy demand, as well as the “zero emissions” goal, the foreseen growth of the hydrogen economy as part of global decarbonization , with regard to the goals for reducing greenhouse gas emissions and other predictions or expectations with regard to global climate change. These statements are subject to risks and uncertainties, including but not limited to the extent to which hydrogen will be adopted in the global decarbonization process, the inability to achieve net zero emissions targets, the inability to recognize the intended benefits of Genvia’s business strategies and initiatives, the Inability to produce hydrogen at competitive prices compared to other energy sources, legal and regulatory initiatives related to environmental issues, including initiatives to influence global climate change, and other risks and uncertainties, identified in the company’s public records, including recently issued Schlumberger Documents 10-K, 10-Q, and 8-K that have been filed with or on file with the United States Securities and Exchange Commission. If one or more of these or other risks and uncertainties (or the consequences of such changes in events) should materialize, or if our basic assumptions prove to be incorrect, actual results may differ materially from our representations in the forward-looking statements. The forward-looking statements speak only as of the date of this press release and the parties have no intention of revising or publicly updating such statements as a result of new information,

The source language in which the original text is published is the official and authorized version. Translations will be included for a better understanding. Only the language version that was originally published is legally valid. You should therefore compare translations with the original language version of the publication.

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