Genvia, a Schlumberger Joint Venture in Clean Hydrogen Technology, Signs Pilot Project Agreements in Steel and Cement, Supporting the Decarbonization of Critical Industry Sectors
18 November 2021 - 1:00PM
Business Wire
Genvia announces pilot projects with industry
leaders that will scale technologies and accelerate the
decarbonization of multiple industrial sectors
Schlumberger New Energy, the CEA and partners have announced the
signature of pilot project agreements between Genvia and
critical-industry leaders on the pathway to net zero in the cement
and steel industries. Through these agreements, Genvia will scale
up the next generation of electrolyzer technology, developed over
two decades of R&D at the CEA, to produce clean hydrogen
without CO2 emissions, accelerating the decarbonization of multiple
industrial sectors.
During an official visit to the Schlumberger and Genvia facility
on November 16, French President Emmanuel Macron praised the joint
public-private partnership and reiterated his commitment and
ambition for the hydrogen economy. Leveraging Schlumberger’s
industrialization expertise and global footprint, these new
agreements will set the stage for developing the entire value chain
to use hydrogen as the preferred clean energy carrier.
“The agreements are important steps in accelerating the
deployment of Genvia technology that will support the future
hydrogen economy,” said Ashok Belani, executive vice president,
Schlumberger New Energy. “As a scalable, carbon-free energy
carrier, clean hydrogen will play a critical role in meeting global
energy transition and net-zero ambitions. Genvia will accelerate
the large-scale adoption of clean hydrogen through its demonstrator
projects in different industries.”
Genvia's pilot projects will focus on efficiency, performance
and decarbonization of industrial processes for the steel and
cement industries, as follows:
- Genvia and ArcelorMittal Méditerranée, a subsidiary of
ArcelorMittal, a world leader in the steel industry, have agreed a
pilot project to substitute current hydrogen use, and support the
decarbonization of high-performance electric steel production
required for the electric vehicle industry.
- Genvia and Ugitech, part of Swiss Steel Group, a world leader
in long stainless-steel products, have agreed a pilot project to
demonstrate both the technical relevance of hydrogen as a clean
fuel for a reheating furnace that can replace natural gas, and the
economic efficiency of Genvia's technology.
- Genvia; Vicat, a cement production group; Hynamics, a
low-carbon and renewable hydrogen solutions subsidiary of EDF
group; and EDF research have agreed a pilot project focused on the
optimization of Genvia’s technology for industrial applications,
demonstrated in the cement sector.
Genvia technology aims to achieve the highest system efficiency,
resulting in significantly less electricity use per kilogram of
hydrogen produced. The projects are expected to produce hydrogen in
amounts ranging from 200kg to 600kg per day.
About Genvia
Genvia is a clean hydrogen technology venture created to enable
individual organizations, industries and nations to meet their
goals for decarbonization by accelerating affordable clean hydrogen
production, energy storage and fuel applications at scale. The
company represents a unique combination of French science and
global engineering, and benefits from the strength of a group of
partner companies that include the French Alternative Energies and
Atomic Energy Commission (CEA), Schlumberger New Energy, VINCI
Construction, Vicat Group and the Occitanie Region.
Find out more at www.genvia.com
About Schlumberger New Energy
Schlumberger is the world's leading provider of technology to
the global energy industry. Schlumberger New Energy explores new
avenues of growth by leveraging Schlumberger's intellectual and
business capital in emerging new energy markets, with a focus on
low-carbon and carbon-neutral energy technologies. Its activities
include ventures in the domains of hydrogen, lithium, energy
storage, carbon capture and sequestration, geothermal power and
geoenergy for heating and cooling buildings.
Find out more at newenergy.slb.com
About CEA
The CEA is a key player in research, development and innovation
in four main areas: energy transition, digital transition,
technology for the medicine of the future and defense and security.
With a workforce of 20,000 people, based in nine French sites
equipped with very large-scale research infrastructures, the CEA
actively participates in collaborative projects with a large number
of academic and industrial partners, in France, Europe and
worldwide. According to the Clarivate 2019 ranking, the CEA is the
first French research organization, in terms of number of patents
filed in France and Europe.
The CEA invested through its fully owned subsidiary CEA
Investissement, a unique tool for a public research organization.
It is assisted and operated by Supernova Invest, the CEA’s private
equity partner, which brings its in-depth experience of
cutting-edge technologies towards more than 140 investments in
deeptech companies, including in the hydrogen industry.
www.cea.fr www.supernovainvest.com
Cautionary Statement Regarding Forward-Looking
Statements
This press release contains "forward-looking statements" within
the meaning of the U.S. federal securities laws — that is,
statements about the future, not about past events. Such statements
often contain words such as "expect," "may," "believe," "plan,"
"can," "estimate," "intend," "anticipate," "should," "could,"
"will," "likely," "goal," "objective," "ambition," "potential,"
"projected" and other similar words. Forward-looking statements
address matters that are, to varying degrees, uncertain, such as
the extent to which hydrogen will account for the world's future
energy demands; zero emissions goals, anticipated growth of the
hydrogen economy; forecasts or expectations regarding the
development of, or anticipated benefits of, Genvia’s technology and
other Schlumberger New Energy initiatives; and other forecasts or
expectations regarding the energy transition and global climate
change. These statements are subject to risks and uncertainties,
including, but not limited to, the level of acceptance of hydrogen
in global decarbonization efforts; the inability to achieve
net-zero carbon emissions goals or interim emissions reduction
goals; the inability to recognize intended benefits of Genvia’s
business strategies, initiatives or partnerships; legislative and
regulatory initiatives addressing environmental concerns, including
initiatives addressing the impact of global climate change; and
other risks and uncertainties detailed in the companies' public
filings, including Schlumberger's most recent Forms 10-K, 10-Q, and
8-K filed with or furnished to the U.S. Securities and Exchange
Commission. If one or more of these or other risks or uncertainties
materialize (or the consequences of such a development changes), or
should underlying assumptions prove incorrect, actual outcomes may
vary materially from those reflected in our forward-looking
statements. The forward-looking statements speak only as of the
date of this press release, the parties disclaim any intention or
obligation to update publicly or revise such statements, whether as
a result of new information, future events or otherwise.
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Media Giles Powell – Director of Corporate Communication,
Schlumberger Limited Tel: +1 (713) 375-3494 communication@slb.com
Investors Ndubuisi Maduemezia – Vice President of Investor
Relations, Schlumberger Limited Joy V. Domingo – Director of
Investor Relations, Schlumberger Limited Tel: +1 (713) 375-3535
investor-relations@slb.com
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