Siemens Gamesa and Siemens Energy are developing a commercial offshore wind turbine that produces hydrogen via electrolysis, the companies said, marking a breakthrough for the mass production of renewable hydrogen. The companies are investing 120 million euros ($146 million) in the system, which has not been previously reported on. It is the renewable industry’s most concrete plan yet to capitalise on an expected boom in hydrogen demand. In the European Union, renewable hydrogen, which can replace fossil fuel in sectors that are struggling to decarbonise, is seen as a way to meet goals to reduce emissions. Hoping to get ahead of main rivals Vestas and General Electric, Siemens Energy and Siemens Gamesa are targeting large industrial […]