logo
  

Engie's Unit Storengy, Schneider Electric In Deal For Renewable Hydrogen Storage Solution

Storengy, a unit of French natural gas and electricity supplier Engie SA (ENGQF.PK,ENGIY.PK), announced Friday a framework partnership agreement with French energy management firm Schneider Electric (SBGSF.PK) for an underground renewable hydrogen storage solution.

The companies said they are working together to achieve the zero-carbon transition.

The partnership is initiated by a first project named HyPSTER at the Etrez storage site in the department of Ain. The solution will be powered by local renewable energy, such as photovoltaic, hydraulic, to produce renewable hydrogen. The project aims to install a demonstrator for underground hydrogen storage in a salt cavern.

It will also be a mean to validate the technical and economic reproducibility of the process at other sites in Europe.

By signing the partnership, Storengy and Schneider Electric pool their fields of expertise at the service of the decarbonisation of businesses.

To support the zero-carbon solution, Schneider Electric will provide its expertise in the fields of automation solutions, process instrumentation, gas analysis and energy distribution solutions to Storengy.

Both companies will design a Power Systems and Process Automation solution for underground hydrogen storage. Schneider Electric shall design packages which will be reproducible to other facilities.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Apple Inc. may face production shortfall of as many as 6 million iPhone Pro units this year due to ongoing protests at its major China plant, Bloomberg reported citing a person familiar with assembly operations. Following the news, Apple shares were losing around 2.2 percent in pre-market activity on the Nasdaq. Despite fears of inflation, consumers spent $9.12 billion for online shopping during Black Friday, higher than in previous years, as per a report published by Adobe Analytics. During the 2022 holiday season, total estimated revenues are $209.7 billion, a growth of 2.5 percent from last year's recorded revenues of $205 billion. Weis Markets, Inc., a Mid Atlantic food retailer, has recalled 108 containers of Weis Quality Sea Salt Caramel Ripple Ice Cream citing possible presence of undeclared soy and coconut allergens, the U.S. Food and Drug Administration said. The recalled product comes in 48oz containers that says Weis Quality Sea Salt Caramel Ripple Ice Cream, while the lid says Weis Quality Caramel Caribou Ice Cream
RELATED NEWS
Follow RTT