In 2024, Air Liquide made significant progress in its energy transition journey by inking a series of groundbreaking power purchase agreements (PPAs) for more than 2,500 GWh of low-carbon and renewable energy annually. These agreements, varying from 3 to 20 years, are set to come into effect in January 2025 and will power Air Liquide's existing industrial infrastructure while fostering its expansion. The strategic regions covered by these PPAs include Asia, Europe, and South America, with key countries like China, France, Germany, Spain, and Argentina being at the forefront. The adoption of these new PPA arrangements is expected to slash Air Liquide's annual CO₂ emissions by a substantial 1.2 million tonnes, aligning with the broader energy transition goals. This move not only helps optimize operational costs but also ensures the company's industrial competitiveness in the evolving energy landscape. Moreover, the company's commitment extends to accelerating projects related to hydrogen technologies and electrolyzers, exemplified by initiatives like the Normand’Hy project in France and the Trailblazer project in Germany, both aimed at advancing low-carbon hydrogen production. By meeting the increasing demand for industrial gases with lower carbon footprints, Air Liquide is catering to the evolving preferences of businesses seeking sustainable solutions in their supply chains. This comprehensive strategy encompasses not only securing PPAs but also investing in energy-efficient asset modernization and exploring advanced carbon capture and storage solutions. The adaptability and foresight exhibited by Air Liquide in signing these significant contracts in 2024 reflect its commitment to remaining competitive and aligned with the industrial and energy dynamics expected in the upcoming decades.