The news of Linde’s soon-to-be-acquired 20% stake in ITM Power is a very interesting investment indeed. Not only is it a sign of the continued strength of ITM Power and a deepening of its five-year relationship with Linde, as its CEO refers to, it’s also another move into the hydrogen energy space by a Tier One industrial gases major.
In January (2019) we saw Air Liquide – via wholly-owned subsidiary the Hydrogen Company – acquire a stake in hydrogen generation technology specialist Hydrogenics Corporation on a private placement basis. Following completion, Air Liquide’s interest in Hydrogenics was expected to be approximately 18.6%.
Hydrogenics announces private placement
It also saw the appointment of Air Liquide’s Pierre-Etienne Franc to the Hydrogenics Board of Directors, effective immediately.
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