Siemens Gets Salzgitter Contract for Electrolysis Plant
November 18 2019 - 7:24AM
Dow Jones News
By Max Bernhard
Siemens AG (SIE.XE) said Monday that it has been awarded a
contract to build a 2.2 megawatt electrolysis plant for Salzgitter
AG (SZG.XE).
The new plant is expected to start operating in the fourth
quarter next year, with the necessary electrical power to be
generated by wind turbines.
The cost of the project amounts to 50 million euros ($55.2
million), Siemens said.
Write to Max Bernhard at max.bernhard@dowjones.com;
@mxbernhard
(END) Dow Jones Newswires
November 18, 2019 07:09 ET (12:09 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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