Brief: GVS To Build Facility For Fabrication Of Diaphragm For Green Hydrogen Production

GVS

04/04/2024 12:07

April 4 (Reuters) - GVS SpA  GVS.MI :
    * TO BUILD NEW MANUFACTURING FACILITY FOR FABRICATION OF
INNOVATIVE DIAPHRAGM FOR GREEN HYDROGEN PRODUCTION
    * COMMERCIAL LAUNCH OF DIAPHRAGM IS EXPECTED IN H2 2025,
WITH
MEANINGFUL IMPACT IN TERMS OF REVENUES GENERATION STARTING FY
2026
    * AS PROJECT IS IN LINE WITH EUROPEAN HYDROGEN STRATEGY
(COM/2020/301), GVS WILL SUBMIT FUNDING PROPOSAL TO EU
INNOVATION FUND
    * TOTAL CAPEX ASSOCIATED TO PROJECT IS EXPECTED TO AROUND €
4
MILLION, TO BE FUNDED BETWEEN FY 2024, FY 2025 WITH FINANCIAL
RESOURCES AVAILABLE

Further company coverage:  GVS.MI 

 (Reporting by Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48587720920;))