EU Backs Thyssenkrupp Nucera's Innovative Hydrogen Project with EUR 36 Million Funding
Key Ideas
- The European Union has endorsed Thyssenkrupp Nucera's Solid Oxide Electrolyzer Cell project with a significant funding of up to EUR 36 million for green hydrogen production.
- The funding will support the construction of a 300MW plant utilizing high-temperature electrolysis technology, aiming to enhance energy efficiency and cost advantages in hydrogen production.
- A pilot plant with an 8MW capacity will be operational by mid-2025 to produce electrolyzer stacks, a crucial component in the innovative system, signaling progress towards reducing industrial electricity usage and fostering decarbonization.
The European Union has shown support for Thyssenkrupp Nucera's Solid Oxide Electrolyzer Cell project by providing significant funding that could reach EUR 36 million. This financial backing is intended for the construction of a 300MW plant that will utilize high-temperature electrolysis technology for green hydrogen production. The project, based on technology licensed from Fraunhofer IKTS, aims to improve energy efficiency and cost advantages in hydrogen production, thereby reinforcing Thyssenkrupp Nucera's position in the industrial hydrogen sector. To prepare for the full-scale production facility, a pilot plant with 8MW capacity is scheduled to be operational by mid-2025, focusing on manufacturing electrolyzer stacks, which are essential components of this innovative system. This development is a crucial step towards decreasing industrial electricity consumption and supporting decarbonization efforts in the region.