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AKZA Akzo Nobel NV

59.96
-0.08 (-0.13%)
Last Updated: 15:36:52
Delayed by 15 minutes
Share Name Share Symbol Market Type
Akzo Nobel NV EU:AKZA Euronext Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.08 -0.13% 59.96 59.96 59.98 60.06 59.56 59.96 128,416 15:36:52

Akzo Nobel Considers 20MW Electrolysis Plant to Store Green Energy

09/01/2018 10:08am

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Akzo Nobel NV (EU:AKZA)
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By Carlo Martuscelli

 

Akzo Nobel N.V. (AKZA.AE) said that its specialty chemicals business, together with Gasunie New Energy, is considering building a 20 megawatt electrolysis plant in the Netherlands to convert water into hydrogen using green energy.

The aim of the project is to store green energy in the form of hydrogen through electrolysis, using electricity to convert water into the gas, the industrial paints and chemicals company said.

Akzo said that the eventual aim is to build even larger plants to store green energy as hydrogen. Currently the largest planned electrolysis plant in the Netherlands has a 1 megawatt capacity, it said.

 

Write to Carlo Martuscelli at carlo.martuscelli@dowjones.com

 

(END) Dow Jones Newswires

January 09, 2018 04:53 ET (09:53 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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