Linde acquires 10% stake in Hydrospider

Linde acquires 10% stake in Hydrospider

Hydrogen mobility in Switzerland continues to pick up speed as the world’s biggest industrial gases group Linde today said it has acquired a 10% stake in Swiss green hydrogen producer and supplier Hydrospider.

Owned equally by H2 Energy and Alpiq, with a 45% share each, Hydrospider is building Switzerland’s first commercial hydrogen production plant.

Located at the Gösgen hydropower plant, Alpiq and H2 Energy plan to use hydropower to produce hydrogen for use in commercial operations, namely heavy-duty hydrogen trucks from Hyundai Motor Company.

First Swiss commercial hydrogen production plant announced

The hydrogen produced by Hydrospider will be used to power the first 50 of 1,600 fuel cell electric trucks, which Hyundai and H2 Energy aim to be on Swiss roads by 2025.

By acquiring a stake in Hydrospider, Linde said it is expanding its position in the green hydrogen market and reaffirming its commitment to hydrogen mobility.

Jens Waldeck, Managing Director of the Linde Gases Division for Central Europe, said, “The investment in Hydrospider offers Linde the opportunity to actively participate in shaping one of the most attractive projects for green hydrogen and emission-free mobility in Europe.”

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