Green Energy Linde Partners with Snam to Jointly Develop Clean Hydrogen Projects
Under a MOU signed between Linde and Snam, both the companies will promote key technologies used across the hydrogen value chain and also develop joint investment opportunities in commercial projects.
Guildford/UK – Linde has recently announced that it has signed a memorandum of understanding (MOU) with Snam to jointly develop clean hydrogen projects and related infrastructure in Europe. Snam, a world leading energy infrastructure company, owns and operates the largest natural gas transmission network in Europe, having approximately 42,000 kilometers of pipeline across the continent.
Linde and Snam will work together to promote key technologies along the hydrogen value chain and develop opportunities for joint investments in commercial projects in the areas of production, distribution, compression and storage.
"Hydrogen is expected to play a significant role in achieving the European Green Deal goals," said Steve Angel, Chief Executive Officer, Linde. "We are pleased to collaborate with Snam, a recognised leader at the forefront of the energy transition, in the development of the clean hydrogen economy in Europe."
"With this agreement, we combine the know-how and innovative capabilities of both Linde and Snam in order to contribute to scaling-up hydrogen and reaching climate goals, aligned with the European Hydrogen Strategy," said Marco Alverà, Chief Executive Officer, Snam. "The collaboration with one of the world's leading companies in the sector strengthens our role as operator along the hydrogen value chain and lays the foundation for new joint projects."