The Genvia venture will focus on the
development and industrial deployment of a game-changing
electrolyzer technology for clean hydrogen production
Regulatory News
Schlumberger New Energy, the CEA and Partners announced today
the European Commission’s approval for the formation of Genvia, a
clean hydrogen production technology venture. In a unique
private-public partnership model, Genvia combines the expertise and
experience of Schlumberger and the CEA with VINCI Construction,
Vicat, and the investment vehicle of the French Occitanie Region,
l’Agence Régionale de l’Energie et du Climat (AREC).
Hydrogen is a versatile energy carrier and a key component of
the energy transition for many countries targeting carbon
neutrality by 2050. The new venture will accelerate the development
and the first industrial deployment of the CEA high-temperature
reversible solid oxide electrolyzer technology, as the most
efficient and cost-effective technology for clean hydrogen
production.
Broad and deep alliances are critical to reach hydrogen
production goals, evolving applications and creating a new energy
infrastructure.
"We are very pleased to be working alongside such experienced
and strong partners as we strive to develop technologies that
enable decarbonization. Together, building on a set of technologies
developed by the CEA over the last decade, we have ambitious growth
plans for a technology that we expect to be a game-changer in the
production of clean hydrogen. This initiative demonstrates an
alignment of environmental and economic growth ambitions that is
important for France and Europe in support of the government’s and
the Commission’s recovery plan," said François Jacq, Chairman of
the CEA.
Genvia technology aims to achieve the highest system efficiency,
resulting in significantly less electricity use per kg of hydrogen
produced. The technology is the first of its kind that is fully
reversible, giving it the flexibility to switch between
electrolysis and fuel cell functions.
"Clean hydrogen production is critical for the world to meet its
energy transition goals. Genvia will bring together outstanding
science and advanced engineering to accelerate the development of a
core technology to unlock affordable hydrogen production, energy
storage and fuel applications at scale,” said Olivier Le Peuch,
Chief Executive Officer, Schlumberger.
The manufacturing of solid oxide electrolyzers will occur at the
Genvia gigafactory, which will be established in Béziers, Occitanie
Region, France. The center for technology transfer will be located
at the CEA site in Grenoble, France.
About Schlumberger New Energy
Schlumberger is the world's leading provider of technology to
the global energy industry. Schlumberger New Energy explores new
avenues of growth by leveraging Schlumberger’s intellectual and
business capital in emerging markets, with a focus on low-carbon
and carbon-neutral energy technologies. Its activities include
ventures in the domains of hydrogen, lithium, carbon capture and
sequestration, geothermal power and geo-energy for heating and
cooling buildings.
About CEA
The CEA is a key player in research, development and innovation
in four main areas: energy transition, digital transition,
technology for the medicine of the future and defense and security.
With a workforce of 20,000 people, based in nine French sites
equipped with very large-scale research infrastructures, the CEA
actively participates in collaborative projects with a large number
of academic and industrial partners, in France, Europe and
worldwide. According to the Clarivate 2019 ranking, the CEA is the
first French research organization, in terms of number of patents
filed in France and Europe.
www.cea.fr
About VINCI Construction
A subsidiary of VINCI, VINCI Construction, is a global player
and European leader, active on five continents, with more than
72,000 employees and 830 companies generating revenue of €14.9
billion in 2019. Structured according to an integrated model, the
company has the capacity to intervene over the entire life cycle of
a structure (finance, design, construction, maintenance) in eight
sectors: buildings, functional structures, transport
infrastructure, hydraulic engineering, renewable and nuclear
energy, the environment, hydrogen and gas sector, and mines.
www.vinci-construction.com
About Vicat
With almost 200 years of experience, the Vicat Group develops a
top-class offering of mineral and bio-based construction materials.
In following the trajectory it has set itself for carbon neutrality
throughout its value chain, the Group operates three core lines of
business: Cement, Ready-Mixed Concrete and Aggregates, as well as
related activities. Still family-run, the Company has almost 9,950
employees, and generated consolidated sales of €2.7 billion in
2019. The Group operates in twelve countries: France, Switzerland,
Italy, the United States, Turkey, Egypt, Senegal, Mali, Mauritania,
Kazakhstan, India and Brazil. More than 60% of its sales are
generated outside France.
www.vicat.com
About AREC, an investment company in the Occitanie
Region
Tool of the Occitanie Region, AREC suggests energy transition
solutions to territories. The Agency endeavors to offer actors
adapted solutions, whether they are turnkey or specific, depending
on the contexts of the actors in the territories of Occitanie.
Neutral, it has an objective vision of solutions. A trusted third
party for regional actors and serving the general interest, AREC's
added value lies in its unique support across the entire energy
transition value chain: from upstream to the realization and
financing of projects. The Occitanie Region has also always
positioned itself as a pioneer in the development of the hydrogen
sector in its territory. This wish was illustrated in 2019 by the
adoption of an unprecedented Green Hydrogen Plan, endowed with €150
million, which should make it possible to achieve the objective of
becoming the leading positive energy region in Europe by 2050. AREC
has actively participated in the deployment of the “green hydrogen”
sector in the region since 2016, as an actor of the energy
transition in Occitanie. The Agency provides technical support and
invests in innovative production and distribution projects in order
to deploy hydrogen ecosystems that respect the environment. Thus,
AREC is already involved in major projects in Occitanie such as the
HyPort project and the Hyd'Occ project.
www.arec-occitanie.fr
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version on businesswire.com: https://www.businesswire.com/news/home/20210111005920/en/
Media Giles Powell – Director of Corporate Communication,
Schlumberger Limited Tel: +1 (713) 375-3494
communication@slb.com
Tuline Laeser – CEA Tel : +33 1 64 50 20 97 presse@cea.fr
Investors Ndubuisi Maduemezia – Vice President of
Investor Relations, Schlumberger Limited Joy V. Domingo – Director
of Investor Relations, Schlumberger Limited Tel: +1 (713) 375-3535
investor-relations@slb.com
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