On Wednesday Siemens Energy (ENR1n.DE) and Air Liquide Group (AIRP.PA) officially inaugurated their joint gigawatt electrolyser factory in Berlin. Reportedly, Anne-Laure de Chammard, one of the Siemens Energy board members, indicated that the company believes that this initiative will generate more than €1bn in mid-term revenues.
Siemens Energy expects substantial revenues from hydrogen electrolyser initiative
Chris Bruch Source: LinkedIn
According to Siemens Energy, electrolysers separate hydrogen from water and this hydrogen can be used as an alternative to fossil fuels. With this newly established factory, the company aims to mass produce electrolysers to boost a climate-neutral agenda. On the company’s website, the CEO of Siemens Energy, Chris Bruch, noted:
There is no energy transition without green molecules. With today’s opening and the start of gigawatt-scale production of electrolysers, we are launching the next step for the commercialization of this vital technology.
During the event, key players emphasised the importance of government support and financing. Reuters reported that Chammard mentioned to journalists that traditional financing through banks is challenging and therefore governments must do their bit.
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The strategic partnership between the mentioned companies brings Franco-German expertise and shared pipelines to the table, which experts believe boosts both viability and sustainability. François Jackow, the CEO of Air Liquide added:
The mass production of industrial scale electrolyzers is essential to making competitive renewable hydrogen a reality. Our joint-venture with Siemens Energy brings the best of our respective expertises together and allows us to offer the most-suited products to the market. This state-of-the art technology will soon be operated at the Trailblazer electrolyzer in Oberhausen, with a major scale upcoming for the Normand’Hy electrolyzer project. More than ever, hydrogen is proving to be a key element of the transition to a low-carbon society.
