Air Liquide to Invest $429.3 Million in Plant as Part of Hydrogen Deal With TotalEnergies
14 September 2023 - 10:03AM
Dow Jones News
By David Sachs
Air Liquide on Thursday said it will spend more than 400 million
euros ($429.3 million) to build an electroylzer in Normandy as part
of an agreement to supply TotalEnergies with hydrogen.
The French industrial gas company said its electrolyzer will
have a capacity of 200 megawatts. It will supply the French energy
and petrolium company's plant in Gonfreville, Normandy, France,
with the hydrogen equivalent to 100 megawatts of power starting in
the second half of 2026, it said. The other 100 megawatts will be
used for customers in the Normandy industrial basin and for the
development of low-carbon mobility, Air Liquide said.
As part of the agreement, TotalEnergies will generate up to 100
megawatts of renewable elctricity to power the electrolyzer, Air
Liquide said. Air Liquide said it will sign long-term renewable
power purchase agreements and use low-carbon energy from the French
power grid for the remainder of the plant's needs.
Write to David Sachs at david.sachs@wsj.com
(END) Dow Jones Newswires
September 14, 2023 03:48 ET (07:48 GMT)
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