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Reuters exclusively reports Siemens spin-offs tap hydrogen boom in wind alliance

Reuters exclusively reported that Siemens Gamesa and Siemens Energy are developing a commercial offshore wind turbine that produces hydrogen via electrolysis, marking a breakthrough for the mass production of renewable hydrogen. The companies are investing 120 million euros ($146 million) in the system, which has not been previously reported on. It is the renewable industry’s most concrete plan yet to capitalize on an expected boom in hydrogen demand.

Article Tags
Type: Reuters Best
Sectors: Commodities & Energy
Regions: Europe
Countries: Germany
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
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