Global Infrastructure SherpaMET5 and Siemens Form JV for Hydrogen Electrolyzer Manufacturing
3 GW
Capacity
MET5 Hydrogen Technologies and Siemens Energy have formed a joint venture to manufacture hydrogen electrolyzers in Germany. The JV will aim to accelerate the deployment of green hydrogen technology.
Source Intelligence
KEY DETAILS
Air Liquide will take 25.1 percent, and Siemens Energy will hold 74.9 percent of the joint venture, which creation remains subject to approval of the competent authorities. One of the first projects is the Air Liquide Normand’Hy electrolyzer project, with a capacity of 200 megawatts (MW) expected in the first phase, located in Normandy, France.
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Capacity
ramp-up to an annual production capacity of three gigawatts by 2025
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Location
for the European production of large scale renewable hydrogen electrolyzers
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Announcement
June 23, 2022
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COD
Production is expected to begin in the second half of 2023
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Expected Close
which creation remains subject to approval of the competent authorities.
PARTIES MENTIONED IN SOURCE
S
Siemens Energy
JV
"Siemens Energy and Air Liquide announce the creation of a joint venture"
A
Air Liquide
JV
"Siemens Energy and Air Liquide announce the creation of a joint venture"
high quality
Enriched Feb 19, 2026
Timeline
Announced
Mar 15, 2025
Signed
Closed
Counterparts (2)
Market Context
This deal is part of the Hydrogen sector in Germany.
111
Hydrogen deals
120
deals in Germany
Source
www.siemens-energy.com
1 of 111 Hydrogen deals tracked this month · Updated daily