Air liquide invests over $20 million in hydrogen-electrolysis firm

French MNC Air Liquide has acquired an 18.6% stake in the capital of the Canadian company Hydrogenics Corp. , a leader in electrolysis hydrogen production equipment and fuel cells. This partnership will use the expertise of Hydrogenics in electrolysis and fuel cell technologies to be a major player in the supply of carbon-free hydrogen, particularly for industry and mobility markets.

Air Liquide and Hydrogenics have also entered into a technology and commercial agreement to jointly develop PEM (Proton Exchange Membrane) electrolysis technologies for the rapidly growing hydrogen energy markets around the world.