thyssenkrupp Nucera, a leader in electrolysis technologies, reported a 12% increase in order intake, reaching EUR 271.3 million, fueled by the demand for alkaline water electrolysis (AWE) technology crucial for green hydrogen production. The company booked around EUR 200 million from the H2 Green Steel project, being a key partner in Europe’s first large-scale green steel plant. Additionally, an agreement with Spain’s Cepsa for a 300-megawatt electrolyser in La Rábida is expected to produce 47,000 tons of green hydrogen annually. Progress in Saudi Arabia includes the construction of a water electrolyser plant in NEOM with over 2 gigawatts output. Despite challenges in the green hydrogen market, thyssenkrupp Nucera saw robust sales growth, particularly in the AWE and chlor-alkali (CA) segments. Sales reached EUR 235.7 million in the third quarter, marking the highest quarterly revenue. EBIT fell to EUR 0.7 million due to increased R&D spending. Looking ahead, the company remains optimistic about the green hydrogen market, targeting full-year sales of EUR 820 million to EUR 900 million, albeit with negative EBIT due to expansion costs.