At the thyssenkrupp headquarters in Essen, Germany, one of the world’s leading green hydrogen technology providers unveiled its new brand identity at its Capital Markets Day.
At the moment, thyssenkrupp AG is examining how to best develop its hydrogen business, preferring an IPO (IPO). The capital market can assign a market value to the company through an IPO, and the IPO proceeds can be used to fund further expansion. The company’s new name, thyssenkrupp nucera, signifies the beginning of a new era in the hydrogen industry. ‘New’, ‘UCE’, and ‘era’ combine to form the name nucera, which represents the company’s entry into an era of innovation, transformation, and green energy.
Volkmar Dinstuhl, CEO of thyssenkrupp’s Segment Multi Tracks: “The green transformation of the industry is a task for the next decades. The complete system change can only be accomplished together with a common vision and when we rethink existing systems. This needs the right investment, technology, business model as well as lean processes. thyssenkrupp nucera has a solid basis and the right competencies to pave the way. This new brand in our thyssenkrupp family is an important step towards fostering our electrolysis leadership position – with blueprint technologies and business cases for the world.”
“We are taking off from a strong position in the chlor-alkali market with best-in-class technology and a yearly gigawatt supply chain. It is our aim to become the number one technology leader for large-scale industrial green hydrogen production in the alkaline water electrolysis market”, says Denis Krude, CEO of thyssenkrupp nucera. “The industry is ready for the energy transition and we are ready to deliver the technology needed to achieve net-zero in sectors that cannot be electrified and for processes with hard-to-abate emissions.”
A global leader in green hydrogen technology, thyssenkrupp nucera helps its customers achieve net zero emissions and build a carbon-free industry through its hydrogen and chlorine products. thyssenkrupp nucera is the market leader in the chlor-alkali industry with over 600 projects, 240,000 electrolytic cell elements produced, and over 10 GW of electrolyzer capacity installed. As a chlor-alkali producer for more than five decades, it has an excellent foundation for the development and implementation of alkaline water electrolysis (AWE). Hydrogen production at industrial scale using AWE is the most environmentally friendly large-scale method currently available. At the lowest cost of ownership for large production volumes, hydrogen can be processed using a standard modular approach.
All market segments are expected to use renewable energy as their primary energy source. thyssenkrupp nucera helps industrial customers transition from grey to green with a clear strategy in place. As part of this, thyssenkrupp’s chemical plant engineering business unit Uhde and joint venture partner De Nora have expanded their international locations close to customers in order to widely deploy the technology. They have also reduced the total cost of ownership of the technology.
