AREVA, Smart Energies through its subsidiary CETH2, and the ADEME (French Environment and Energy Management Agency) have created a joint venture—AREVA H2-Gen—to manufacture Proton Exchange Membranes (PEM) for the production of hydrogen from water and electricity. Initially intended for industrial applications, PEM electrolysis is now targeting the renewable energy storage market, to supply service stations with hydrogen for fuel cell vehicles or to supply natural gas networks (power-to-gas, e.g., earlier post).
AREVA, Smart Energies and the French State, represented by the ADEME as operator of the Investissements d’Avenir (investments for the future) Program, will eventually hold equal stakes in the company, with the aim of making it a leading global player in the field of hydrogen production by electrolysis. This company will be based in France, where it will have a dedicated engineering and production site.
The equity investment provided by the ADEME, acting on behalf of the French State, shall help finance the investments required for the development and sale of more powerful electrolyzers.
We acquired CETH2 in 2010 to finance the first prototypes of PEM electrolyzers, and have supported the company over the past four years in its technical and commercial development. In a PEM electrolysis market undergoing strong growth, we are now delighted to be able to join forces with an industrial partner such as AREVA, with the financial support of the ADEME.—Vianney de l’Estang, CEO of Smart Energies