Linde buys 10 percent stake in Green hydrogen producer Hydrospider

Linde buys 10 percent stake in Green hydrogen producer Hydrospider

The Irish-domiciled industrial gases group Linde has revealed in a recent announcement that it has acquired a 10% stake in Swiss ‘green’ hydrogen producer and supplier Hydrospider AG. The move reaffirms the fact that Linde is committed to hydrogen mobility.

Hydrospider is equally owned by H2 Energy and Alpiq. The two companies have sold 5% of their stake each in Hydrospider to Linde. As such, H2 Energy and Alpiq now have a 45% stake each in Hydrospider.

Hydrospider is currently constructing the first commercial hydrogen production plant in Switzerland. The plant, located in Gösgen hydroelectric power station, will be opened by Hydrospider by the end of 2019. At the plant, Hydrospider will use 100% hydroelectric power to produce climate-friendly hydrogen.

The ‘green’ hydrogen produced by Hydrospider in Gösgen will be used for commercial operations, specifically for powering heavy-duty fuel cell trucks from South Korean automaker Hyundai Motor Company. According to a letter of intent signed by H2 Energy and Hyundai, the first 50 of the 1,600 planned fuel cell electric trucks powered by ‘green’ hydrogen will be brought on to the roads in Switzerland by the year 2025.

In reference to Linde’s acquisition of a stake in Hydrospider, Jens Waldeck -- Managing Director of the Linde Gases Division for Central Europe -- said that the move will give Linde the opportunity to “actively participate in one of the most attractive projects for green hydrogen and zero-emission mobility in Europe.”