June 15, 2021

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Schlumberger New Strength, the CEA and Associates Announce Appointment of CEO of Genvia, a Cleanse Hydrogen Manufacturing Technologies Venture

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Schlumberger New Energy, the CEA and companions have introduced Florence Lambert as the CEO of the Genvia cleanse hydrogen manufacturing technology enterprise, efficient March 1, 2021. Florence provides much more than 20 decades of working experience in new electricity systems and was previously CEO of CEA-LITEN in Grenoble, France.

“Florence has been a revered voice at the forefront of electricity transition technology growth for a number of several years. We are delighted that she has chosen to bring her knowledge and enthusiasm to the management of Genvia. We believe that that hydrogen is a critical electricity carrier that will enable international locations to satisfy their decarbonization ambitions,” claimed Ashok Belani, Executive Vice President Schlumberger New Power.

In the next 30 yrs, hydrogen output could account for 20% of complete power demand, according to the Hydrogen Council. Genvia’s know-how improvement and industrialization pursuits will be in phase with the anticipated potent expansion of the hydrogen economic climate. Genvia will provide innovative early remedies via strategic alliances in diverse industries.

“Genvia delivers alongside one another an remarkable team of associates, to foster the new ecosystem required to accelerate the enhancement and industrialization of affordable clean up hydrogen generation. I am particularly delighted to have the opportunity with Genvia to generate company and employment progress while producing an effects on climate adjust,” said Florence Lambert, the freshly appointed Genvia CEO.

The Genvia Board of Administrators will have significant-level executive representation from its founding partners:

  • François Jacq, Chairman and Philippe Stohr, Energy Division Director, CEA

  • Ashok Belani, Govt Vice President New Strength, and Olivier Peyret, Chairman of France, Schlumberger

  • Dude Sidos, Chairman and CEO, Vicat

  • Pascal Baylocq, CEO Geostock, (VINCI Construction)

  • Simon Munsch, Expert services Director, Occitanie Region.

The Genvia substantial-overall performance sound oxide electrolyzer technological know-how formulated by the CEA is entirely reversible, supplying it the flexibility to change among electrolysis and fuel cell features. Genvia technology structure will permit a 30% better electric power conversion performance for every kg of hydrogen made, bringing the value of producing clean hydrogen down to a degree that competes aggressively with other sources of electricity.

Leveraging Schlumberger technological know-how industrialization knowledge, the very first Genvia production pilot line will be founded at a Schlumberger producing facility in Béziers in 2021. Genvia will also set up a Technology Centre co-positioned with the CEA in Grenoble, France, to speed up the maturing of the technology via the industrialization system.

Genvia will participate in a sequence of demonstration projects with associates in distinct use cases for the industrial, electricity and mobility sectors. These demonstration initiatives will pave the way for the improvement of the entire price chain for the utilization of hydrogen as the cleanse energy carrier of choice. The unique demonstration jobs are envisioned to variety from 300 kW units in 2023 to bigger techniques with megawatt capacities in 2024.

Centered on the outcomes of the pilot line and demonstration assignments, investment into the building of a giga factory for the creation of reliable oxide electrolyzer and gasoline mobile stacks is anticipated to start in 2025. The production ramp of the giga factory will empower Genvia to fulfill the gigawatt deliveries of electrolyzers and fuel cells, which the current market is anticipated to desire at an accelerated pace in 2030 and beyond.

About Schlumberger New Energy

Schlumberger is the world’s major provider of engineering to the international strength business. Schlumberger New Energy explores new avenues of growth by leveraging Schlumberger’s intellectual and business cash in rising new energy markets, with a emphasis on low-carbon and carbon-neutral electricity systems. Its pursuits contain ventures in the domains of hydrogen, lithium, carbon capture and sequestration, geothermal electric power and geoenergy for heating and cooling buildings.

About CEA

The CEA is a key participant in exploration, development and innovation in 4 most important places: electricity changeover, electronic transition, technology for the medicine of the upcoming and defense and security. With a workforce of 20,000 people, dependent in nine French sites equipped with incredibly huge-scale analysis infrastructures, the CEA actively participates in collaborative jobs with a large selection of educational and industrial associates, in France, Europe and around the globe. According to the Clarivate 2019 ranking, the CEA is the very first French investigate organization, in phrases of selection of patents submitted in France and Europe.

The CEA invested by way of its fully owned subsidiary CEA Investissement, a exclusive instrument for a public exploration corporation. It is assisted and operated by Supernova Invest, the CEA’s private equity companion, which delivers its in-depth knowledge of reducing-edge systems to more than 140 investments in deeptech organizations, which includes in the hydrogen business.

www.cea.fr

www.supernovainvest.com

About VINCI Design

A subsidiary of VINCI, VINCI Development, is a world wide player and European leader, lively on 5 continents, with extra than 72,000 staff and 830 businesses making income of €14.9 billion in 2019. Structured in accordance to an built-in product, the corporation has the capability to intervene above the complete daily life cycle of a framework (finance, style and design, development, routine maintenance) in eight sectors: properties, functional buildings, transportation infrastructure, hydraulic engineering, renewable and nuclear power, the surroundings, hydrogen and fuel sector, and mines.

www.vinci-construction.com

About Vicat

With pretty much 200 many years of practical experience, the Vicat Team develops a leading-course featuring of mineral and bio-based development resources. In subsequent the trajectory it has set alone for carbon neutrality all over its worth chain, the Group operates three core traces of small business: Cement, Ready-Mixed Concrete and Aggregates, as nicely as connected activities. However household-operate, the Company has practically 9,950 staff, and produced consolidated income of €2.7 billion in 2019. The Team operates in twelve nations around the world: France, Switzerland, Italy, the United States, Turkey, Egypt, Senegal, Mali, Mauritania, Kazakhstan, India and Brazil. Far more than 60% of its profits are created outdoors France.

www.vicat.com

About AREC, an investment company in the Occitanie Region

Device of the Occitanie Location, AREC suggests strength changeover answers to territories. The Agency endeavors to offer you actors adapted options, no matter if they are turnkey or unique, depending on the contexts of the actors in the territories of Occitanie. Neutral, it has an goal vision of remedies. A dependable third bash for regional actors and serving the basic fascination, AREC’s added value lies in its unique help across the total electrical power changeover price chain: from upstream to the realization and funding of jobs. The Occitanie Area has also usually positioned by itself as a pioneer in the progress of the hydrogen sector in its territory. This desire was illustrated in 2019 by the adoption of an unparalleled Inexperienced Hydrogen Prepare, endowed with €150 million, which must make it doable to reach the aim of getting to be the main good power region in Europe by 2050. AREC has actively participated in the deployment of the “green hydrogen” sector in the area considering that 2016, as an actor of the power changeover in Occitanie. The Company presents complex guidance and invests in progressive creation and distribution initiatives in order to deploy hydrogen ecosystems that respect the environment. As a result, AREC is now included in significant jobs in Occitanie such as the HyPort project and the Hyd’Occ job.

www.arec-occitanie.fr

Cautionary Assertion Concerning Ahead-Seeking Statements

This push release includes “forward-searching statements” in the which means of the U.S. federal securities guidelines — that is, statements about the foreseeable future, not about past events. This kind of statements usually consist of text this sort of as “expect,” “may,” “believe,” “plan,” “estimate,” “intend,” “anticipate,” “should,” “could,” “will,” “likely,” “goal,” and other similar words. Forward-seeking statements tackle matters that are, to varying levels, unsure, these types of as the extent to which hydrogen will account for the world’s foreseeable future power demands zero emissions aims, anticipated expansion of the hydrogen financial system and the stage of acceptance of hydrogen in world-wide decarbonization, greenhouse gasoline (“GHG”) emissions reduction aims and other forecasts or anticipations about world wide weather modify. These statements are subject matter to threats and uncertainties, like, but not limited to, the level of acceptance of hydrogen in world-wide decarbonization the incapability to obtain internet zero targets the lack of ability to realize intended positive aspects of Genvia’s business enterprise approaches and initiatives the inability to create hydrogen at expenditures competitive to other sources of power legislative and regulatory initiatives addressing environmental issues, like initiatives addressing the affect of world-wide local climate change and other pitfalls and uncertainties in-depth in the companies’ general public filings, which include Schlumberger’s most the latest Sorts 10-K, 10-Q, and 8-K filed with or furnished to the U.S. Securities and Trade Fee. If one particular or a lot more of these or other hazards or uncertainties materialize (or the consequences of this sort of a growth improvements), or should really fundamental assumptions show incorrect, real outcomes may perhaps fluctuate materially from all those reflected in our forward-wanting statements. The forward-looking statements speak only as of the day of this press release, the get-togethers disclaim any intention or obligation to update publicly or revise such statements, no matter whether as a outcome of new info, upcoming activities or normally.

See source edition on businesswire.com: https://www.businesswire.com/news/property/20210208005653/en/

Resource: Schlumberger

Media

Giles Powell – Director of Corporate Conversation, Schlumberger Minimal

Tel: +1 (713) 375-3494

[email protected]

Tuline Laeser – CEA

Tel: +33 1 64 50 20 97

[email protected]Investors

Ndubuisi Maduemezia – Vice President of Trader Relations, Schlumberger Restricted

Pleasure V. Domingo – Director of Trader Relations, Schlumberger Limited

Tel: +1 (713) 375-3535

[email protected]

COMTEX_380464847/2456/2021-02-08T12:05:21

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The MarketWatch News Office was not concerned in the generation of this material.