Air Liquide announced it has a 40% stake acquisition in the capital of the French company H2V Normandy, a subsidiary of H2V Product, which aims to build a large-scale electrolyzer complex of up to 200 MW for the production of renewable and low-carbon hydrogen in France.

Located in the industrial zone of Port-Jérôme in Normandy, France, the large-scale electrolyzer project of H2V Normandy aims to supply renewable and low-carbon hydrogen for industrial applications, as well as future heavy mobility applications. The project is part of a program to develop new energies to decarbonate industrial activities (refining and chemical) on the Seine Valley axis in Normandy, one of Air Liquide's historical industrial basins in France. This project will enable to avoid the emission of 250,000 tonnes of CO2 per year.