GCTAF - Siemens spinoffs to develop offshore green hydrogen

Siemens Gamesa (GCTAF) and Siemens Energy (SMEGF) say they plan to develop a commercial offshore wind turbine that produces hydrogen via electrolysis, which would mark a breakthrough for the mass production of renewable hydrogen.The Siemens spinoffs say they expect to invest €120M ($146M) over five years in developments that will lead to a fully integrated system, targeting large industrial players including steelmakers, refineries and chemical firms.The companies aim to build a prototype with one of Siemens Gamesa's new wind turbines that are the largest on the market, with blades that stretch 728 ft.Each giant turbine would have an electrolysis system with a capacity of 5-10 MW, says Poul Skjaerbaek, Siemens Gamesa's chief innovation and product officer; if such a system were equipped for some of the biggest wind farms planned in the North Sea, it could lead to gigawatt-scale green hydrogen production at a single site."If you like GE, buy

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Siemens spinoffs to develop offshore green hydrogen