Hydrogen IPO in Germany Values thyssenkrupp Nucera at €2.5bn

Hydrogen IPO in Germany values thyssenkrupp Nucera at €2.5bn.

A new green hydrogen production company, ThyssenKrup Nucera, was valued at €2.5bn on its first day of trading on the Frankfurt stock exchange today. 

Formed from the hydrogen electrolysis businesses of German industrial giant Thyssenkrupp and Italy’s Industrie De Nora spun out into a separate joint venture.

The €605mln fundraising as part of the initial public offer (IPO) makes it Germany’s second largest this year.

Thyssenkrupp Nucera said its production of green hydrogen via alkaline water electrolysis (AWE) is “a proven technology that leads the way in the green transformation”.

The company says on its website:

Today AWE is the only available solution to produce green hydrogen at industrial scale in the range of multihundred megawatts up to gigawatt.

Since being formed Thyssenkrupp Nucera has contracted more than 3GW of AWE capacity for customers, including a 2GW electrolysis plant for Air Products in Saudi Arabia, while also delivering Shell’s new 200 MW hydrogen plant in the port of Rotterdam.

Swedish startup H2 Green Steel also recently signed up for large-scale electrolyzers to produce green hydrogen for what it says will be the first commercial-scale green steel plant in Europe, while a contract was also agreed for an unnamed North American project for several 20 MW “scalum” electrolysis modules to create a total installed capacity in the high multi-hundred megawatt range.

READ the latest news shaping the hydrogen market at Hydrogen Central 

Hydrogen IPO in Germany values ThyssenKrup Nucera at €2.5bn, July 7, 2023 

 

 

Hydrogen IPO in Germany Values thyssenkrupp Nucera at €2.5bn - Hydrogen Central (hydrogen-central.com)

Hydrogen IPO in Germany Values thyssenkrupp Nucera at €2.5bn - Hydrogen Central