BW Ideol AS

Environmental & Social Information • Sep 23, 2022

World's first offshore hydrogen plant soon powered by Floatgen

World's first offshore hydrogen plant soon powered by Floatgen

BW Ideol and Centrale Nantes welcome the launch of the world's first offshore

hydrogen production unit which will be powered by BW Ideol's landmark floating

offshore wind turbine operating successfully off France's west coast since

2018. This pioneering clean hydrogen project is led by Lhyfe, a leading producer

and supplier of green hydrogen for mobility and industry.

The « Sealhyfe » hydrogen production facility will be, after a phase of dockside

tests, connected to BW Ideol's floating wind unit anchored and operating at the

Ecole Centrale de Nantes' SEM-REV site for the last 4 years. This offshore pilot

site meets all the necessary conditions to validate the offshore hydrogen

production technology before large-scale industrial deployment, aiming first and

foremost at demonstrating the reliability of an electrolyser at sea.

"Lhyfe's project is an important and much needed step towards the development of

integrated and autonomous renewable power production systems, using floating

wind and green hydrogen in this specific instance. Developing such solutions is

essential to accelerate the energy transition," said Paul de la Guérivière, the

CEO of BW Ideol. "Being the floating wind asset owner and being responsible for

the day-to-day operations and maintenance of the asset, we look forward to

studying all aspects of the interaction between the wind turbine and the

hydrogen production system. This added return on experience will further

contribute to BW Ideol's unique preparedness for the development and execution

of future commercial-scale deployments."

"This exceptional demonstrator, tested on the SEM-REV offshore test site,

associates Centrale Nantes with a strong ambition: to make offshore renewable

hydrogen a reality. This world premiere is a source of great pride for the

school" announces Jean-Baptiste Avrillier, director of Centrale Nantes. "This

ambitious project confirms the role of our SEM-REV site in accelerating the

development of renewable marine energies and the active contribution of the

school to meet the challenges of energy transition"

About BW Ideol:

BW Ideol is a leading fully integrated platform in floating offshore wind with

more than 10 years of experience from design, execution and development of

floating wind projects based on Ideol S.A.'s patented floating offshore wind

technology and engineering capabilities. The company has a dual-leg growth

strategy as a floater EPCI and maintenance services provider and as a wind-farm

project developer and co-owner. BW Ideol has two full-scale offshore floating

wind turbines in operation in France and Japan, a significant project pipeline,

and is supported by BW Offshore's extensive experience from developing and

operating offshore energy production systems.

Contact : Nicolas de Kerangal, Chief Financial & Partnerships Officer at BW

Ideol - ir@bw-ideol.com

About Centrale Nantes :

Founded in 1919, Centrale Nantes is a French engineering school and member of

the Ecoles Centrale Group. The school boasts excellent rankings: top ten

engineering school in France (L'Etudiant 2022), top 250 worldwide for

engineering (Times Higher Education 2022) and no.1 in the first ever ranking of

engineering schools to change the world, compiled by Les Echos START and

ChangeNOW. Its undergraduate, Master and PhD programmes are based on the latest

scientific and technological developments and the best management practices.

With strong international outreach, 43% of its student body are international

students, representing more than 87 nationalities. Partnership agreements are in

place with 178 universities in 48 countries and two-thirds of students follow a

double degree programme abroad. At Centrale Nantes, research and training are

organised into three key areas for growth and innovation: manufacturing, energy

transition and healthcare. With research platforms ranging from digital

simulation to prototyping with full?scale models, and a joint incubator - with

Audencia and ensa Nantes - which has 20 years of experience in supporting start-

up projects, the school has two major tools for innovation and creation, working

hand-in-hand with industry. Through a proactive approach of collaborative

research between laboratories and industry, Centrale Nantes is developing

initiatives for the creation of international chairs, of which there are 15 to

date.

Learn more: www.ec-nantes.fr (http://www.ec-nantes.fr/). Media Library:

https://phototheque.ec-nantes.fr/ /  @CentraleNantes

(https://twitter.com/CentraleNantes)

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act