Hydrogen storage: H2V and Vallourec sign partnership agreement [Yahoo! Finance]
VALLOUREC SA SP/ADR (VLOWY)
NASDAQ:AMEX Investor Relations:
vallourec.com/en/group/finance/investor_relations/pages/default.aspx
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Source: Yahoo! Finance
Paris, January 31, 2024 - Vallourec, a world leader in premium tubular solutions, and H2V, a subsidiary of the SAMFI-Invest group, have signed a partnership agreement at the Hyvolution trade show. This partnership targets closer co-operation between the two players, with a view to drawing on each other's technical skills, market knowledge and development capabilities in future projects. This includes investigating the potential integration of the Delphy storage solution, developed by Vallourec, with the green hydrogen production and use projects developed by H2V in Marseille Fos. H2V has been a French pioneer in the mass production of green hydrogen since 2016. This agreement follows Vallourec's entry into the hydrogen storage market with the launch of Delphy, its first large-scale vertical solution. Delphy consists of an underground system capable of storing up to 100 tonnes of gaseous hydrogen under maximum safety conditions. The system is designed for green hydrogen producers
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