thyssenkrupp Nucera Strengthens Leadership in Green Hydrogen Technology
Key Ideas
  • thyssenkrupp nucera achieved significant growth in the green hydrogen sector, with a 73% increase in customer orders for water electrolysis.
  • Strategic partnerships, like the one with Fraunhofer IKTS, have expanded the company's technology portfolio and opened new growth opportunities.
  • The company secured major projects in Europe for green steel production and in Spain for the development of a large-scale green hydrogen project.
  • Investments in research and development nearly doubled, emphasizing the commitment to innovation and future growth in the alkaline water electrolysis business.
thyssenkrupp Nucera has demonstrated remarkable strength and resilience in the 2023/2024 fiscal year, particularly in the area of green hydrogen technology. The company experienced significant growth, with a 73% increase in customer orders for water electrolysis, reaching EUR 356 million. Strategic partnerships, such as the one with Fraunhofer IKTS, have enabled thyssenkrupp nucera to enhance its technology portfolio and pave the way for further expansion in the market. The company secured essential projects, including the partnership with Stegra in constructing Europe's first large-scale green steel plant, and a collaboration with Moeve to establish the 'Green Hydrogen Valley' in Spain. Investments in research and development saw a substantial increase, with expenses rising to EUR 36 million, showcasing the company's commitment to innovation. thyssenkrupp Nucera's focus on alkaline water electrolysis has led to impressive sales growth, especially in the AWE business where sales increased by 60% to EUR 524 million. The successful execution of projects, like the NEOM project in Saudi Arabia, further solidifies thyssenkrupp nucera's position as a leader in green hydrogen technology.
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