GTT acquires Areva H2Gen

Specialised in the conception and assembly of electrolysers for the production of green hydrogen, Areva H2Gen is the only company to manufacture electrolysers in France.

Philippe Berterottière, chairman and chief executive of GTT, said Areva H2Gen perfectly fitted GTT’s strategy and mission. ”The combination of our technological expertise and the cumulated experience of Areva H2Gen will allow the further development of this company and will give impulsion to the French green hydrogen sector, while creating value for our shareholders.”

Mainly produced by water electrolysis with renewable electricity, green hydrogen can help accelerate the transition towards carbon neutrality. There are numerous applications – industrial but also mobility and energy storage in particular for renewable energies.

GTT said that the transaction represents a unique opportunity to reinforce the French hydrogen sector, by combining its expertise in developing and promoting energy efficiency solutions with Areva H2Gen’s PEM electrolyser technology.