Thyssenkrupp Nucera shifts to efficiency and services amid hydrogen slowdown | Technology | gasworld
© Thyssenkrupp Nucera
Thyssenkrupp Nucera is adjusting manufacturing plans for its 20MW alkaline systems and reassessing its solid oxide strategy as weak hydrogen demand forces electrolyser firms into cost-cutting mode.
The German electrolyser maker is also launching a service offering for deployed systems, which it believes could deliver €2bn ($2.34bn) in revenues over 25 years.
Nucera CFO Dr Stefan Hahn told investors the a “cost containment programme” to weather near-term market weakness in green hydrogen.
Despite projecting a potential 55GW green hydrogen project pipeline, the company’s backlog has eroded as it completes major orders for the 2.2GW NEOM project and Stegra’s 700MW green steel plant.
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