The thyssenkrupp subsidiary, a specialist in hydrogen solutions, nearly doubled its sales, attributing its success to significant projects, notably in Saudi Arabia.
In the span of April to June, Nucera’s sales surged from 98.7 million euros the previous year to an impressive 187.5 million euros. Bolstered by strong demand and substantial projects, the company’s order intake climbed 13 percent, reaching 242.4 million euros in the same quarter. This thriving growth can be attributed to the increasing need for classic chlor-alkali electrolysis systems, showcasing the industry’s burgeoning potential.
With a keen focus on environmentally conscious practices, Nucera has identified substantial growth prospects in climate-neutral hydrogen production. By utilizing water electrolysis powered by renewable energy sources like wind turbines or solar cells, the resultant hydrogen is dubbed “green,” marking a significant step toward sustainability.
Nucera’s success is further underscored by its expansion into key international projects. One such venture includes a hydrogen-producing plant in Saudi Arabia, with the Saudi sovereign wealth fund holding a substantial stake in the company. As an illustration of its expanding impact, Nucera’s sales are projected to maintain strong growth in the current fiscal year.
While costs associated with the expansion of its hydrogen electrolysis business have impacted the margin before interest and taxes, Nucera’s profit margins remain promising. The company’s strategic decision to venture into climate-neutral hydrogen production aligns seamlessly with the global push towards greener energy alternatives, paving the way for a sustainable and environmentally conscious energy future.
