Schneider Electric, Engie to Partner on Green-Hydrogen Storage
21 Gennaio 2022 - 11:57AM
Dow Jones News
By Ed Frankl
Schneider Electric SE and Engie SA's natural-gas storage
subsidiary Storengy said Friday that they have agreed to partner in
developing underground green-hydrogen storage.
The French electrical company said it will provide expertise in
automation solutions, process instrumentation, gas analysis and
energy distribution to Storengy, the companies said in a
statement.
The partnership will start with a 13 million-euro ($14.7
million) large-scale green-hydrogen storage project in salt
caverns, known as HyPSTER, at Etrez in eastern France, the
companies said.
No financial details of the partnership were provided.
Green hydrogen is produced using renewable sources, rather than
fossil fuels, and seen as crucial in cutting emissions from highly
polluting industries.
Write to Ed Frankl at edward.frankl@dowjones.com
(END) Dow Jones Newswires
January 21, 2022 05:42 ET (10:42 GMT)
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