Siemens to Build Hydrogen Plant in Southern Germany
September 25 2020 - 06:12AM
Dow Jones News
By Kim Richters
German engineering giant Siemens AG said Friday that it will
build a hydrogen production plant in Southern Germany that will
only use renewable energy sources.
Siemens' smart infrastructure division and local utility SWW
Wunsiedel GmbH agreed to construct the plant in the city of
Wunsiedel, Siemens said, without disclosing the financial terms of
the project.
The site will initially have a capacity to produce more than 900
tons of hydrogen a year, increasing to up to 2,000 tons when fully
expanded, Siemens said.
The plant will contribute to the supply of hydrogen in northern
Bavaria, Siemens said, helping to mitigate grid bottlenecks as well
as serving regional end customers. Construction for the plant will
start at the end of the year.
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
September 25, 2020 05:57 ET (09:57 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
Siemens (TG:SIE)
Historical Stock Chart
From Feb 2024 to Mar 2024
Siemens (TG:SIE)
Historical Stock Chart
From Mar 2023 to Mar 2024