Brief: Lhyfe, Schaeffler Enter Cooperation Agreement To Build Industrial Hydrogen Plant In Germany

Lhyfe SA

19/12/2022 06:34

Dec 19 (Reuters) - Lhyfe SA  LHYFE.PA :
    * LHYFE AND SCHAEFFLER ENTER COOPERATION AGREEMENT TO BUILD
INDUSTRIAL HYDROGEN PLANT IN GERMANY
    * THE PLAN IS TO BUILD AND OPERATE AN ELECTROLYSIS PLANT ON
SCHAEFFLER'S FACTORY PREMISES IN HERZOGENAURACH, FRANCONIA WITH
A CAPACITY OF UP TO 15 MEGAWATTS
    * OTHER REGIONAL PLAYERS WILL ALSO BE SUPPLIED WITH GREEN
HYDROGEN
FROM PLANT AT SCHAEFFLER
    * THE GOAL IS TO SUPPLY THE REGION WITH APPROX. 3.7 TONS OF
GREEN
HYDROGEN EVERY DAY, STARTING 2025
    * POTENTIAL CUSTOMERS INCLUDE MUNICIPALITIES AND HYDROGEN
FILLING
STATIONS
    * THE WASTE HEAT GENERATED BY ELECTROLYSIS WILL BE FED INTO
THE
INDUSTRIAL PROCESSES WITHIN THE SCHAEFFLER PLANT

Source text for Eikon:  ID:nACT77696 
Further company coverage:  LHYFE.PA 
 (Gdansk Newsroom)
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