CAPTION: Germany's Thyssenkrupp Nucera sees major growth potential (picture alliance/dpa/Fabian Strauch)
Thyssenkrupp's hydrogen subsidiary Nucera, which is soon to be listed on the stock exchange, regards itself as having great growth potential as a manufacturer of large-scale electrolysers worldwide. "Water electrolysis connects renewable energy sources with a wide range of industries that would be impossible or very difficult to decarbonize without green hydrogen," Nucera CEO Werner Ponikwar told reporters. Green hydrogen is a key energy carrier for a CO2-neutral energy system and sustainable industry, he said.
"Hydrogen has already been produced and also consumed in large quantities for many decades, but almost entirely produced as gray hydrogen, mainly from natural gas," he said, which is associated with significant CO2 emissions. It is estimated that the annual demand for hydrogen will increase sevenfold from the current 95 to 100 million metric tons by 2050, Ponikwar added. In addition, he said, the production of gray hydrogen, which has so far been almost entirely fossil fuel-based, is to be converted predominantly to the production of green hydrogen by then.
The additional demand will come from many different sectors, he said. Ponikwar cited industrial sectors such as steel production, refineries and ammonia synthesis as examples, as well as energy sectors such as power generation, electricity storage, heat generation and heavy-duty mobility.
Thyssenkrupp plans to float Nucera before the summer break. The steel and industrial group says it intends to hold a majority stake in its subsidiary in the long term.
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