GTT strengthens focus on hydrogen with Areva H2Gen acquisition

By Adnan Bajic French liquefied natural gas (LNG) containment specialist, GTT, acquired Areva H2Gen, firming its commitment to the energy transition.

Courtesy of Areva H2Gen

Specialized in the conception and assembly of electrolyzers for the production of green hydrogen, Areva H2Gen is using Proton Exchange Membrane (PEM) technology and is the only company to manufacture electrolyzers in France.

The green hydrogen market is now expanding rapidly, notably driven by major energy companies who want to make their energy production greener and by numerous national development plans, as well as a European plan announced in July 2020, GTT said in its statement.

This transaction enables

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