Air Liquide has acquired an 18.6% stake in Hydrogenics Corporation, the developer and manufacturer of hydrogen (H2) generation equipment and fuel cells.
This strategic transaction, which represents an investment of $20.5m, will enable Air Liquide to reaffirm its long-term commitment to the H2 energy markets and its ambition to be a major player in the supply of carbon-free H2, particularly for industry and mobility markets.
Convinced that H2 will play a key role in the energy transition, Air Liquide has been a pioneer in the development of the H2 sector for several years. Air Liquide and Hydrogenics have also entered into a technology and commercial agreement to jointly develop proton exchange membrane (PEM) electrolysis technologies for the rapidly growing H2 energy markets around the world.
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