Spain's hydrogen tech start-up H2SITE raises EUR 12m in Series A round
Jun 30, 2022 14:53 CESTMarch 8 (Renewables Now) - France’s Air Liquide (EPA:AI) announced on Tuesday that it has received support from the French State to set up a 200-MW electrolysis plant and produce green hydrogen for the industrial sector and heavy-duty mobility in Normandy.
The distribution of the state funds will hinge on the approval from the European Commission, the industrial gases supplier said.
The 200-MW electrolyser will be the first phase of the Air Liquide Normand’Hy green hydrogen project in Port-Jerome, Normandy. Germany's Siemens Energy AG (ETR:ENR) will supply its proton exchange membrane (PEM) electrolysis technology for the facilities, which are planned for commissioning in 2025.
French oil-and-gas major TotalEnergies SE (EPA:TTE) has memoranda of understanding (MoU) in place with Air Liquide to map out the supply of renewable power for electrolysis and off-take the hydrogen for its Gonfreville refinery.
Air Liquide Normand’Hy is part of a wider project to bring low-carbon solutions to the Normandy industrial basin. Last summer, Air Liquide, TotalEnergies, petroleum refiner Esso Societe Anonyme Francaise SA (EPA:ES), and fertiliser producers Borealis and Yara International ASA (OSE:YAR) signed a MoU to outline the development of carbon capture and storage infrastructure in Normandy to decarbonise the local industry.
Spain's hydrogen tech start-up H2SITE raises EUR 12m in Series A round
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