thyssenkrupp nucera Expands Green Hydrogen Technology Portfolio Through Acquisition
Key Ideas
- thyssenkrupp nucera acquires key technology assets from Green Hydrogen Systems to enhance its green hydrogen technology portfolio.
- The acquisition supports R&D activities focused on efficiency, scalability, and cost optimization of alkaline water electrolysis systems.
- This strategic move aligns with thyssenkrupp nucera's goal to advance its leadership in electrolysis technologies and strengthen its position in the global green hydrogen market.
- The transaction is pending approval from the court-appointed trustee, consent from certain creditors, and necessary regulatory clearances, expected to close in late summer 2025.
thyssenkrupp nucera, a global leader in electrolysis technology, has signed an agreement to acquire key technology assets from Green Hydrogen Systems (GHS), a Danish company specialized in pressurized alkaline electrolysis. With this acquisition, thyssenkrupp nucera aims to enhance its green hydrogen technology portfolio and accelerate innovation in the global green hydrogen market. The acquisition includes intellectual property and a test facility with a full-size prototype in Skive, Denmark. The high-pressure electrolysis technology obtained through this transaction operates with high efficiency at up to 35 bar, offering advantages for industrial applications where compressed hydrogen is needed, potentially eliminating the need for additional compression. Dr. Werner Ponikwar, CEO of thyssenkrupp nucera, highlights the importance of this acquisition in driving the green energy transition and expanding technology leadership in hydrogen. The deal, which is funded from available liquid funds, is expected to facilitate the acceleration of R&D activities and strengthen the company's position in developing electrolysis technologies. This acquisition is part of thyssenkrupp nucera's strategy to advance its position in the green hydrogen market and develop efficient and innovative electrolysis solutions.
Topics
Green Hydrogen
Innovation
Energy Transition
Green Technology
Efficiency
Research Development
Mergers & Acquisitions
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