MoU signed with China State Power Investment Corp.
Siemens and China State Power Investment Corp. (SPIC) signed a Memorandum of Understanding (MoU) for collaboration on the development and utilization of green hydrogen.
This follows the comprehensive Strategic Partnership Framework Agreement (SPFA) signed between the two companies in March and further expands the existing strategic partnership to include green hydrogen and Power-to-X, the company said. Joe Kaeser, president and CEO of Siemens AG, and Qian Zhimin, Chairman of SPIC, signed the MoU in Beijing in the presence of Chinese Premier Li Keqiang and German Federal Chancellor Angela Merkel during her official visit to China.
“The MoU signed today brings our strategic win-win partnership with SPIC to a new level by expanding cooperation in one of the most promising technologies in the energy sector,” Kaeser said. “This best demonstrates how technology and innovation leaders from the two countries work together to create a win-win environment to tackle climate change, one of the world’s most pressing challenges. We will make a difference for the future of energy, for the greater good of people and society in China, and for economies around the world.”
According to the MoU, Siemens and SPIC will further collaborate on the technical and commercial development of hydrogen projects and jointly explore innovation in hydrogen-related fields to accelerate development of the hydrogen energy industry. The two companies will also work on developing a demonstration project for Sino-German scientific and technology innovations for green hydrogen. In this project, Siemens and SPIC will explore potential for building an electrolytic hydrogen competence center and jointly formulate industry standards for electrolytic hydrogen production.
Enhancing their earlier agreement on technology collaboration for heavy-duty gas turbines, Siemens and SPIC signed the SPFA this past March to further expand their strategic partnership in the field of energy and promote collaboration in high-tech product demonstrations.