03.02.2023 12:00:00

EQS-News: Energy Storage, Electronics and Manufacturing Drive Record Year for Linde Small On-Site Projects

EQS-News: Linde plc / Key word(s): Miscellaneous
Energy Storage, Electronics and Manufacturing Drive Record Year for Linde Small On-Site Projects

03.02.2023 / 12:00 CET/CEST
The issuer is solely responsible for the content of this announcement.


Energy Storage, Electronics and Manufacturing Drive Record Year for Linde Small On-Site Projects

Woking, UK, February 3, 2023 Linde (NYSE:LIN; FWB:LIN) announced today it had another record year for new small on-site projects during 2022.

Linde signed 52 new small on-site projects for the supply of nitrogen and oxygen, a 21% increase compared with 2021. The increase was largely driven by growing demand for next-generation energy storage, such as lithium-ion batteries. Linde also saw continued strong demand from traditional end markets including electronics, manufacturing, metals and mining.

Small on-site projects use Lindes proprietary ECOVAR® technology, which is designed to be highly efficient, flexible and reliable while helping customers minimize their environmental impact. The new long-term agreements meet Linde's strict investment criteria and will ultimately deliver steady revenue and contribute to Linde's underlying growth. Most of the projects require investments under $5 million and are separate from the company's quarterly reported project backlog.

The growth in demand for next-generation lithium-ion batteries for consumer electronics, electric vehicles and other industrial applications has stimulated an impressive increase in activity across the energy storage value chain," said Sanjiv Lamba, Chief Executive Officer, Linde. Lindes proprietary ECOVAR® technology means we can help our customers scale up their activity.

 

About Linde

Linde is a leading global industrial gases and engineering company with 2021 sales of $31 billion (26 billion). We live our mission of making our world more productive every day by providing high-quality solutions, technologies and services which are making our customers more successful and helping to sustain and protect our planet.

The company serves a variety of end markets including chemicals & energy, food & beverage, electronics, healthcare, manufacturing, metals and mining. Linde's industrial gases are used in countless applications, from life-saving oxygen for hospitals to high-purity & specialty gases for electronics manufacturing, hydrogen for clean fuels and much more. Linde also delivers state-of-the-art gas processing solutions to support customer expansion, efficiency improvements and emissions reductions.

For more information about the company and its products and services, please visit www.linde.com

 
Contacts:
 
 
 
Investor Relations 
Juan Pelaez
Phone: +1 203 837 2213
Email: juan.pelaez@linde.com
 
Media Relations
Anna Davies
Phone: +44 1483 244705
Email: anna.davies@linde.com
 

 



03.02.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: Linde plc
Forge, 43 Church Street West
GU21 6HT Woking, Surrey
United Kingdom
Phone: +1-203-837-2210
E-mail: Investor_Relations@Linde.com
Internet: www.linde.com
ISIN: IE00BZ12WP82
WKN: A2DSYC
Indices: DAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Moscow, NYSE, Luxembourg Stock Exchange (Euro MTF)
EQS News ID: 1550603

 
End of News EQS News Service

1550603  03.02.2023 CET/CEST

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