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THYSSENKRUPP NUCERA AG & CO. KGAA EU supports thyssenkrupp nucera's future technology SOEC to produce green hydrogen for funding

Transparency directive : regulatory news

24/10/2024 14:13


EQS-Media / 24.10.2024 / 14:13 CET/CEST

EU supports thyssenkrupp nucera's future technology SOEC to produce  green hydrogen for funding 

  • The funding volume for constructing a 300MW production plant with high-temperature electrolysis technology reaches up to EUR 36 million
  • An important milestone achieved in the commercialization of SOEC technology licensed by Fraunhofer IKTS
  • The high efficiency enables SOEC technology a major cost advantage in its application areas green hydrogen and synthesis gas production
  • Strengthening thyssenkrupp nucera's hydrogen technology portfolio for industrial applications through highly innovative high-temperature electrolysis (SOEC)

Dortmund, October 24, 2024 – The EU has awarded funding to thyssenkrupp nucera's pioneering SOEC project to to produce green hydrogen. The funding for the construction of a 300MW production plant using the high-temperature electrolysis technology SOEC (Solid Oxide Electrolyzer Cell) of the supplier of the world's leading electrolysis technology can reaches up to EUR 36 million.

The funding from the EU Innovation Fund is intended to enable thyssenkrupp nucera to further advance the industrialization of the highly efficient SOEC technology licensed from the Fraunhofer IKTS with the SOEC production plant to be constructed. The details will be clarified with the EU in a further step. The EU Innovation Fund supports particularly climate-friendly projects in the fields of energy efficiency and renewable energies, as well as research and innovation.

“The EU is sending an important signal with its decision to support the construction of the SOEC production plant. Due to its high level of efficiency and great cost effectiveness, high-temperature electrolysis technology is a pioneering electrolysis technology to produce green hydrogen. It will enable companies to make an important contribution to decarbonization in the near future,” said Dr. Werner Ponikwar, CEO of thyssenkrupp nucera.

Before the start of the 300 MW SOEC production plant, a pilot plant with 8 megawatts of installed capacity is scheduled to begin operating in the first half of 2025. In Arnstadt in Thuringia, the electrolyzer stacks, the most important core component of the high-temperature electrolyzer system, are to be manufactured in initially small quantities. “Scaling up the production of the SOEC stacks will enable thyssenkrupp nucera to achieve technology and market leadership in the pioneering SOEC technology,” says Professor Dr. Alexander Michaelis, Director of the Fraunhofer IKTS.

The SOEC stack technology is based on oxygen-ion-conducting ceramic solid electrolyte, which is screen-printed with two electrodes and then connected to chromium-based interconnects. This chromium-based alloy is particularly suitable for very high temperatures. Further research and development cooperation is essential for the further industrialization of SOEC technology.

thyssenkrupp nucera and the Fraunhofer Institute for Ceramic Technologies and Systems IKTS signed a strategic partnership in March of this year. Since then, they have been working together to develop the highly innovative high-temperature electrolysis (SOEC) to market maturity. In more than 20 years of extensive research and development work, the renowned Fraunhofer IKTS has laid the foundations for SOEC technology and thus carried out the necessary preliminary work with a view to industrializing this electrolysis technology. thyssenkrupp nucera and Fraunhofer IKTS are working together to take the next steps in high-temperature electrolysis (SOEC) towards industrial application. 

SOEC technology offers companies a very high level of energy efficiency. Industries with production processes that generate industrial waste heat, such as the steel industry, can particularly benefit from this. Utilizing this waste heat in high-temperature electrolysis significantly reduces electricity consumption, making this electrolysis technology to an important technology for users in thyssenkrupp nucera's portfolio.

 

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Media Inquiries:  

Rita Syre 
Senior Media Relations Manager 
Mobil: +49 174 161 86 24
E-Mail: rita.syre@thyssenkrupp-nucera.com
 

Investor Inquiries:

Dr. Hendrik Finger
Head of Investor Relations
Phone: +49 231 229 724 347
E-Mail: hendrik.finger@thyssenkrupp-nucera.com
 

About thyssenkrupp nucera:  

thyssenkrupp nucera offers world-leading technologies for high-efficiency electrolysis plants. The company has extensive in-depth knowledge in the engineering, procurement, and construction of electrochemical plants and a strong track record of more than 600 projects with a total rating of over 10 gigawatts already successfully installed. With its water electrolysis technology to produce green hydrogen, the company offers an innovative solution on an industrial scale for green value chains and an industry fueled by clean energy – a major step towards a climate-neutrality. thyssenkrupp nucera successfully made an IPO in July 2023 and is a member of the SDAX of the Frankfurt Stock Exchange since September 2023. 

www.thyssenkrupp-nucera.com



End of Media Release


Issuer: thyssenkrupp nucera AG & Co. KGaA
Key word(s): Enterprise

24.10.2024 CET/CEST Dissemination of a Press Release, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: thyssenkrupp nucera AG & Co. KGaA
Voßkuhle 38
44141 Dortmund
Germany
Phone: +49 231-22972-7100
E-mail: info@thyssenkrupp-nucera.com
Internet: www.thyssenkrupp-nucera.com
ISIN: DE000NCA0001
WKN: NCA000
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 2015611

 
End of News EQS Media

2015611  24.10.2024 CET/CEST

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