How Thyssenkrupp Nucera is Driving Growth in the Hydrogen Economy

Strong Sales and Operating Income Fuel Expansion

Thyssenkrupp Nucera, a leading provider of hydrogen solutions, announced robust financial results for the first quarter of 2022-2023, further solidifying its position in the rapidly growing hydrogen economy.

Key Highlights:

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• Increase of 316 employees worldwide to 944 as of June 30, 2024
• Anticipated continued strong sales growth in fiscal year 2022-2023
• Operating result of EUR 35 million in Q4 2022-2023
• Order intake increase of 88% to EUR 175.5 million in Q1 2022-2023 compared to prior-year quarter

Growth Plans and Expansion

Following these strong results, Thyssenkrupp Nucera laid out ambitious growth plans on July 7, 2022. These plans include:

• Expansion of production capacity
• Development of new technologies
• Strategic partnerships and acquisitions

Initial Public Offering (IPO) on the Horizon

In line with its growth strategy, Thyssenkrupp AG plans to launch an IPO of its Nucera hydrogen unit next month. This move is expected to further strengthen Nucera's position in the market and provide additional funding for its expansion plans.

Driving Innovation in Hydrogen Solutions

Thyssenkrupp Nucera is a pioneer in the development and production of electrolysis plants, which are essential for the production of green hydrogen. The company's technology enables the efficient conversion of renewable electricity into hydrogen, a clean and sustainable fuel with applications in various industries including transportation, power generation, and industrial processes.

Thyssenkrupp Nucera's commitment to innovation and its strong financial performance position it as a key player in the transition to a hydrogen-based economy.