Energy

The race to make green hydrogen competitive is on

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One type of hydrogen production uses electrolysis, with an electric current splitting water into oxygen and hydrogen. If the electricity used in this process comes from a renewable source then some call it “green” hydrogen.

Alex Kraus | Bloomberg | Getty Images

Siemens Energy and Air Liquide have announced plans to set up a joint venture focused on the production of “industrial scale renewable hydrogen electrolyzers in Europe.”

The move, announced on Thursday, represents the latest attempt to find a way to drive “renewable” or “green” hydrogen production costs down and make the sector competitive.

The establishment of the joint venture — Siemens Energy will have a 74.9% stake, while Air…



Source cnbc.com

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