TotalEnergies and Air Liquide decided to form an equally owned joint venture to build a network of hydrogen stations aimed at heavy duty vehicles along major European highways.
This project will help to improve access to hydrogen, allowing it to be used for goods transportation and developing the hydrogen sector.
In the following years, the partners hope to install more than 100 hydrogen stations on important European roadways in France, Benelux, and Germany. These TotalEnergies stations will be situated along critical strategic corridors.
This deal will result in the formation of a major participant in hydrogen refueling solutions and will help to the decarbonization of European road transportation. The two companies will pool their infrastructure, hydrogen distribution, and transportation expertise:
TotalEnergies will provide its expertise in the operation and maintenance of station networks, as well as the distribution of energies to BtoB customers, while Air Liquide will contribute its technological competence and mastery of the full hydrogen value chain.
The joint company, which will be managed jointly by TotalEnergies and Air Liquide, will invest in, build, and run these stations, as well as procure and distribute hydrogen from the market to its transportation customers.
The two partners intend to launch their joint venture in 2023, subject to the completion of the relevant contractual papers and the receipt of the required regulatory clearances.
