Vallourec shares were among the biggest risers on the SBF 120 index on Wednesday morning on the Paris Bourse, following the announcement of a partnership in hydrogen storage.

The energy equipment manufacturer explains that the aim of the collaboration is to study the integration of a storage solution it has designed with the facilities of H2V, a green hydrogen specialist, in Marseille Fos.

With over 50 employees, H2V has a commercial portfolio of projects estimated at 1.8 GW by 2030 and over 3 GW by 2040, mainly located in France, Belgium and the UK.

This agreement comes at a time when Vallourec has entered the hydrogen storage market with the launch of 'Delphy', an underground device capable of storing up to 100 tonnes of hydrogen gas under maximum safety conditions.

With this system - aimed at producers and users of green hydrogen - Vallourec says it intends to position itself as a "key player" in the hydrogen value chain.

At around 10:30 a.m., Vallourec shares were up 1.8%, while the SBF 120 index was up around 0.2% at the same time.

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