Linde takes a stake in Hydrospider. Linde Aktiengesellschaft from Germany has acquired a 10 percent stake in Hydrospider AG. H2 Energy and Alpiq remain the main shareholders of the producer and supplier of green hydrogen with 45 percent each and are continuing to drive the development of emission-free heavy transport in Switzerland at the forefront.
At the Alpiq Gösgen hydroelectric power station, Hydrospider AG will be building Switzerland's first plant for the production of green hydrogen in commercial operation by the end of the year. The plant uses electricity from 100 percent hydropower to produce climate-friendly hydrogen for the first 50 of a total of 1,600 fuel cell electric trucks. Hyundai Hydrogen Mobility, a joint venture between Hyundai Motors Company and H2 Energy, will bring these trucks to Swiss roads by 2025.
Key role in the introduction of hydrogen electromobility in Switzerland
Hydrospider AG is backed by the hydrogen pioneer H2 Energy and Alpiq, a leading Swiss electricity producer and energy service provider - as well as the new Linde Aktiengesellschaft from Germany. Linde has acquired a 10 percent stake in the Swiss company. Alpiq and H2 Energy will each retain 45 percent of the shares. The partnership with the global group Linde strengthens its key role in the introduction of hydrogen electromobility in Switzerland.
Linde has extensive hydrogen know-how in operations and logistics
Linde is a leading industrial gases and engineering company with sales (pro forma) of EUR 24 billion in 2018. The company employs around 80,000 people worldwide and is active in more than 100 countries. In addition to the financial commitment, Linde will also contribute its wealth of experience in the construction and operation of electrolysis plants and thus contribute to the economical and safe operation of the plants. Linde Hydrospider will also support logistics in order to be able to supply the filling stations with hydrogen efficiently and reliably.
Through Linde's investment in Hydrospider, Linde is expanding its position in the market for green hydrogen and is once again committed to hydrogen mobility. With its know-how, Linde is making an important contribution to delivering green hydrogen cost-effectively to Hydrospider's customers at the beginning of 2020.
Jens Waldeck, Managing Director of the Linde Gases Division for the Central Europe region, said: “We look forward to working with H2 Energy, Alpiq and Hyundai on this exciting topic. The investment in Hydrospider offers Linde the opportunity to actively shape one of the most attractive projects for green hydrogen and emission-free mobility in Europe.”
Further information about H2 Energy can be found at www.h2energy.ch Further information about Alpiq can be found at www.alpiq.comFurther information about Linde can be found at www.linde-gas.de< /p>
Comments