Thyssenkrupp Nucera, a German electrolyser manufacturer, reported significant growth in the third quarter of 2024. The company's overall group sales surged by 26% year-on-year, reaching €235.7m, with the AWE business contributing significantly with sales of €132.5m. This growth was primarily attributed to ongoing projects like the NEOM water electrolyser in Saudi Arabia and H2 Green Steel in Sweden. Despite the strong sales performance, earnings before interest and taxes dipped to €0.7m due to increased research and development expenses aimed at expanding the AWE business. Thyssenkrupp Nucera's CEO highlighted a significant achievement in the US, where a 20 MW water electrolyser is producing green hydrogen at CF Industries, aiding in the decarbonization of heavy industry. However, the company also faces challenges related to market uncertainty, investment acquisition difficulties, and regulatory issues, leading to a slight decrease in order intake for the nine-month period. Additionally, Thyssenkrupp Nucera expressed concerns about potential delays in US tax credits, crucial for subsidizing the clean hydrogen market, as part of the Inflation Reduction Act. Despite these challenges, the US hydrogen generation market is projected to grow significantly, reaching $31.4bn by 2033. Thyssenkrupp Nucera, owned by steel giant Thyssenkrupp, remains optimistic about the future but acknowledges the hurdles in the green hydrogen sector.