Unit raises €605 million through IPO; funds to be used to support growth of major projects, as well as current AWE business.
Here’s an article posted in Economic Times that addresses the green hydrogen revolution of Thyssenkrupp.
According to the article,
- Thyssenkrupp launches IPO for hydrogen unit, Nucera, in Frankfurt
- Thyssenkrupp Nucera raised approximately €605 million through its initial public offering (IPO) on the Frankfurt Stock Exchange
- Proceeds to support growth of Nucera’s alkaline water electrolysis (AWE) business
Here are some facts about Thyssenkrupp Nucera:
Overview
Our specialty focus areas include 
- Thyssenkrupp Nucera is a leading provider of alkaline water electrolysis (AWE) technology for green hydrogen production.
- The company is a subsidiary of Thyssenkrupp AG, a German multinational conglomerate.
Projects
- H2Giga: Participates in the German Federal Ministry of Education and Research (BMBF) initiative to develop large-scale electrolysis plants.
- Neom Project: Building a 2 GW electrolysis plant in Saudi Arabia’s sustainable city of Neom.
- Shell’s Hydrogen Plant: Delivered a 200 MW electrolysis plant to Shell in the port of Rotterdam.
- H2 Green Steel: Supplying electrolysis capacity for the first commercial-scale green steel plant in Europe.
Future Plans
- Pursuing sales of 12 GW of electrolysis equipment across 36 projects, worth €6 billion.
- Expanding manufacturing capacity to 5 GW by the end of its 2025/26 fiscal year.
Technology
- Standardized 20 MW electrolysis modules (“scalum”) for industrial-scale green hydrogen production.
- Optimized for renewable energy sources and scalable for large-scale industrial applications.
Research and Development
- Ongoing research and development to improve efficiency and cost-effectiveness of electrolysis technology.
- Operates test facilities in Gersthofen to optimize bipolar membrane (BM) chlor-alkali and hydrochloric acid technologies.
Market Position
- World-leading technology provider for the industry.
- Strong track record of over 600 projects and a total installed capacity of over 10 gigawatts.
- Well-positioned to capitalize on growing demand for green hydrogen and support the transition to a low-carbon economy.
Interestingly, we have some other posts related to this content:
- Hydrogen Pipeline For Thyssenkrupp Steel Air Liquide: Powered by Air Liquide
- Air Liquide completed a 4-kilometer hydrogen pipeline for Thyssenkrupp Steel in Duisburg. This initiative, part of the H2Stahl real laboratory project, connects the Duisburg steel mill with Air Liquide’s hydrogen network in the Ruhr district.
- Green Hydrogen Plant for Thyssenkrupp By Kobe Steel and Paul Wurth
- Kobe Steel and Paul Wurth are developing a green steel production facility for Thyssenkrupp in Duisburg, Germany. This hydrogen-run direct reduced iron (DRI) plant aims to produce 2.5 million tons of steel annually.
