H2V speeds up its development
and confirms the successful outcome of its partnership with Air Liquide by selling it its shares in H2V Normandy
In 2016, H2V launched the H2V Normandy project, establishing itself on the Port-Jérôme site in the aim of covering a significant proportion of France’s largest catchment area for consumers of grey hydrogen. The H2V Normandy plant, which is scheduled for commissioning in 2025, will thus help avoid 250,000 T of CO2 emissions a year, playing an active part in the decarbonisation of industry which, along with heavy-duty transport, is a major outlet for H2V.
H2V is a renewable hydrogen specialist, investing in, developing, building and operating mass production plants with units of at least 100MW, in the aim of producing hydrogen at a competitive price and addressing the change of scale in the market for renewable hydrogen.
As Gérard Mestrallet, former CEO of Engie and Vice-President of H2V’s Supervisory Board, explains with great enthusiasm: “As both the initiator and developer of the H2V Normandy plant, H2V can but rejoice at seeing Air Liquide’s acknowledgement of its expertise in running projects aimed at the mass production of renewable hydrogen. The sale of H2V Normandy is part of a larger development programme involving several other equivalent large-scale projects which can be brought to fruition, notably thanks to the financial resources generated by this transaction”.
H2V Managing Director, Jean-Marc Leonhardt, confirms that: “This is the result of unremitting work that began in the shadows and which is now rightfully taking the spotlight, with the promise of future success for numerous H2V projects, such as in the Ile-de-France, Grand Est and Hauts-de-France regions especially, where we will, ourselves, produce competitively priced renewable hydrogen on a mass scale”.