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One of the world's leading suppliers of electrolysis plants for hydrogen production, thyssenkrupp nucera started to be listed on the Frankfurt Stock Exchange (Prime Standard), in Germany.
The IPO (Initial Share Offering) resulted in the raising of around €526 million (R$ 2.81 billion), amount that will be invested in H2V business expansion.
During the IPO, over 30 million shares were made available, of which over 26 million were new, priced at €20 per share. Saudi Arabia's sovereign wealth fund (PIF) and a fund from French bank BNP Paribas guaranteed a substantial part of the issuance volume.
“We achieved our objective and successfully launched our hydrogen business in a challenging capital market environment. This gives the company sufficient financial space to grow further and expand its leading position in the green hydrogen production market. We are convinced of the considerable development potential of thyssenkrupp nucera and will support the company's growth, which is essential for the long-term decarbonization of many industries. The IPO is also an important step in the transformation process of the entire group”, highlights Miguel Ángel López Borrego, CEO of thyssenkrupp AG.
According to the company, the order book totals €1.4 billion, with a total installed capacity of 3 GW, which includes one of the largest planned electrolysis plants in the world, located in Saudi Arabia, with a capacity of more than 2 GW; a 200 MW plant for Shell, in the Port of Rotterdam, in the Netherlands; and a 700 MW plant for a steel mill in Sweden. In the alkaline water electrolysis business field alone, thyssenkrupp nucera expects to earn around €600 to €700 million in the 2023/24 fiscal year.
Green hydrogen is a key element in the decarbonization of many energy-intensive industries and therefore in achieving climate protection goals.
The alkaline water electrolysis process used by thyssenkrupp nucera makes the production of green hydrogen on a large industrial scale possible. The company has more than five decades of experience in the electrolysis sector, both in plant construction and in the service sector.
