The German electrolysis specialist Thyssenkrupp Nucera intends to benefit strongly from the growing global demand for climate-neutral hydrogen in the coming years. The electrolysis plant manufacturer announced that it anticipated a high sales growth in the mid double-digit percentage range for the current 2023/24 financial year. In 2022/23, sales had already increased by 70 percent to 653 million euros.
The company was floated on the stock exchange in July. The industrial group Thyssenkrupp holds 50.2 percent. The second largest shareholder is Industrie De Nora, an Italian manufacturer of electrochemical technology, with 25.9 percent. Nucera is based in the western German city of Dortmund and employs around 750 people worldwide. A total of "several hundred" new employees are to be added in the current financial year. In addition to hydrogen electrolysers, Nucera has been building systems for chlor-alkali electrolysis, in which chlorine and alkali are produced from a salt solution using electricity, for many decades.
Climate-neutral hydrogen is set to play a central role in the future economic system. As an energy source, it will be used to generate electricity in new gas-fired power plants when the sun is not shining and the wind is not blowing. In industry, it will replace carbon in steel production, for example, and thus avoid the production of climate-damaging carbon dioxide. Huge quantities of hydrogen are needed for this.
The hydrogen is to be produced in large plants known as electrolysers. In these plants, water is broken down into its components hydrogen and oxygen using electricity. If that electricity has been previously generated in a climate-neutral way, for example with wind turbines or solar plants, the hydrogen is considered "green."
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