Swiss energy group Axpo has established a hydrogen business unit as the company looks to drive forward activities in this “promising” business field.
Hydrogen generate from renewable sources can significantly reduce CO2 emissions from industry and transport and energy carrier hydrogen will play an important role in the renewable energy world, Axpo said in a statement.
Recognising this, Axpo’s Renewables Division has established a hydrogen business unit and will be putting a team in place during the coming months.
“We have strongly expanded our renewable energies business in recent years and, with our subsidiaries Volkswind and Urbasolar, are in an excellent position in wind and solar energy,” said Christoph Sutter, Head of the Axpo Renewables Division.
“Battery storage and hydrogen technologies will become increasingly important to ensure that power from renewable sources is continuously available.”
“Therefore, it’s only logical that we now want to specifically target and drive forward activities in these promising business fields.”