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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Engie | EU:ENGI | Euronext | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.10 | 0.64% | 15.67 | 15.66 | 15.74 | 15.725 | 15.515 | 15.56 | 4,206,571 | 16:40:00 |
From Jan 2020 to Jan 2025
By Ed Frankl
Schneider Electric SE and Engie SA's natural-gas storage subsidiary Storengy said Friday that they have agreed to partner in developing underground green-hydrogen storage.
The French electrical company said it will provide expertise in automation solutions, process instrumentation, gas analysis and energy distribution to Storengy, the companies said in a statement.
The partnership will start with a 13 million-euro ($14.7 million) large-scale green-hydrogen storage project in salt caverns, known as HyPSTER, at Etrez in eastern France, the companies said.
No financial details of the partnership were provided.
Green hydrogen is produced using renewable sources, rather than fossil fuels, and seen as crucial in cutting emissions from highly polluting industries.
Write to Ed Frankl at edward.frankl@dowjones.com
(END) Dow Jones Newswires
January 21, 2022 05:42 ET (10:42 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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