Green Hydrogen Boom: thyssenkrupp nucera Sees Major Sales Surge

• thyssenkrupp nucera has significantly increased sales in the green hydrogen business, with a 59% increase in sales in alkaline water electrolysis (AWE) for the production of green hydrogen.
• The company has started preparatory work for the commissioning of CF Industries' water electrolysis plant in Louisiana, USA, which will produce green hydrogen on an industrial scale.
• thyssenkrupp nucera has entered into a strategic partnership with Fraunhofer IKTS in high-temperature electrolysis (SOEC) technology and has been selected by the US Department of Energy to advance the mass production of water electrolysis cells.
• The company has signed a contract for a more than 100 MW electrolysis project in Europe and has been chosen as the preferred supplier for a 300 MW AWE plant in Spain.
• Despite positive developments, the company has experienced delays due to postponements in final investment decisions in the project business, resulting in a lower order intake of EUR 75.3 million in the second quarter of the 2023/2024 financial year.
• thyssenkrupp nucera expects incoming orders to grow more strongly again and confirms the sales and earnings forecast for the 2023/2024 financial year, with expected sales in the range of EUR 820 million to EUR 900 million.

The price of thyssenkrupp nucera at the time of the news was 13,670EUR and did not change compared to the previous day.
12 minutes after the article was published, the price was 13,750EUR this corresponds to a plus of +0,59 % since publication.
At this time, the index SDAX was at 15.073,21PKT (+1,35 %).

thyssenkrupp nucera

+2,59 %

-0,59 %

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-22,97 %

-42,48 %

ISIN:DE000NCA0001WKN:NCA000

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