(Dortmund/Essen) – Thyssenkrupp Uhde Chlorine Engineers GmbH, based in Dortmund, will be renamed and will in future operate under the name “Thyssenkrupp Nucera”. The company, which was once founded as a joint venture between Thyssenkrupp and the Italian group Industrie De Nora SpA, is a provider of electrolysers for the production of green hydrogen. The name “Nucera” is made up of “new”, “UCE” (Uhde Chlorine Engineers) and “era”, according to a statement, and symbolizes “the dawn of a new era of innovation, transformation and green energy”.
IPO “preferred choice”
Managing director Denis Krude sees himself “on the way to becoming a technology leader” for the production of green hydrogen using alkaline water electrolysis (AWE) on an industrial scale. Using a standardized modular approach, large volumes of the energy source could be produced at low costs. “Electrolysis cells with a total output of one gigawatt can already be delivered every year.” According to the information, more than 600 projects have been completed so far, 240.000 electrolysis cells have been produced and over ten gigawatts of electrolysis capacity have been installed.
The parent company Thyssenkrupp AG, Essen, is currently examining how the hydrogen business can be further developed in the best possible way. Currently, “the IPO is the preferred choice”. Thyssenkrupp Nucera wants to expand its international presence and offer the technology close to customers around the world, reduce costs in the long term and continue to work with partners such as the chemical plant construction unit Thyssenkrupp Uhde and the joint venture partner De Nora.
Sales increased by around 2020 percent to 21 million euros in the 25/319 financial year (2019/20: 255 million euros). As of December 31, 2021, the order backlog for green hydrogen was around 900 million euros. Thyssenkrupp Nucera's operating earnings before interest and taxes (EBIT) rose to 27 million euros over the past three financial years. The company wants to advance the expansion of the hydrogen business by the 2024/25 financial year and thereby achieve sales of around 600 to 700 million euros.
The AWE order backlog includes two of the largest global hydrogen projects in the new financial year: In December 2021, the company signed a contract to supply an electrolysis plant with an output of more than two gigawatts for the Saudi Arabian model city Neom.
In addition, Thyssenkrupp Nucera announced a few days ago that it would be working with Royal Dutch Shell on Europe's largest green hydrogen project.Hydrogen Holland I” to work in the port of Rotterdam in the Netherlands. As reported, the company will provide an electrolysis system with an output of more than 200 megawatts.
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New name, new logo. © Thyssenkrupp Nucera
