COMPANY PROFILE / HYDROGEN ENERGY
thyssenkrupp nucera
A dedicated electrolysis specialist taking technology proven in chlor-alkali into gigawatt-scale alkaline water electrolysis
thyssenkrupp nucera comes up in any discussion of hydrogen because it is one of the few suppliers that delivers large alkaline water electrolysis (AWE) plants by lining up standardized 20 MW modules. In its September 2026 investor presentation the company puts the hydrogen projects it is executing at about 3.5 GW in total (Sweden, Saudi Arabia, the Netherlands, Spain and others). Yet its quarterly statement of August 2026 shows an EBIT (operating result) loss of €107 million in the hydrogen segment for the first nine months, and the company has dropped its plan to build its own mass-production capacity for high-temperature solid oxide electrolysis cells (SOEC). This profile sets out, from primary sources, what the company is putting into hydrogen, what stage each project has reached, and what supports its earnings.
- thyssenkrupp nucera in 30 seconds, and where it stands in hydrogen
- The logo and how the name is written
- Where the company sits in the field
- Scale
- Resources committed to hydrogen
- What it has done so far
- What comes next
- What the company is aiming for in hydrogen
- Map of partnerships in hydrogen
- Technologies, products and services
- The risks this company carries
- Glossary, references and claim-to-source audit
1. thyssenkrupp nucera in 30 seconds, and where it stands in hydrogen
AG & Co. KGaAA German partnership limited by shares (KGaA); the lower-case name is the official spelling
thyssenkrupp AG holds 50.2%Company materials, September 2026; De Nora holds 25.9%
(secondary: chlor-alkali electrolysis)Sells hydrogen equipment and plants
EBIT -€107 millionPrior-year period: sales €377 million, EBIT -€39 million
EBIT €38 millionThe business that keeps the group profitable at the margin
thyssenkrupp nucera is both a "hydrogen company" and a "chlor-alkali electrolysis company". In the company's materials, sales are split into two segments, Green Hydrogen (gH2) and Chlor-Alkali (CA); in FY2024/25 hydrogen made up 54% of sales. In the first nine months of FY2025/26, however, hydrogen sales were €80 million against €273 million for chlor-alkali, which therefore accounted for about 77% Our calculation. Large hydrogen projects are booked as sales in line with project progress, so sales swing sharply from year to year as projects (NEOM and others) pass the point where most of their revenue has already been recognized Sourced. And the cell design behind the hydrogen segment's electrolyzers rests on technology that has long been used in chlor-alkali electrolysis (the company counts chlor-alkali electrolysis orders from 1977 to 2025, more than 600 projects).
2. The logo and how the name is written
A note on names: the legal entity is thyssenkrupp nucera AG & Co. KGaA, a partnership limited by shares whose general partner is thyssenkrupp nucera Management AG. The company writes both "thyssenkrupp" and "nucera" in lower case. It is a separately listed company from its parent thyssenkrupp AG (50.2% stake), and, according to the company's materials, also from thyssenkrupp Uhde and from Industrie De Nora (an Italian electrochemistry company and the second-largest shareholder). The logo image (white on a purple ground) was taken from the logo embedded in the company's official website (thyssenkrupp-nucera.com).
Official site: https://www.thyssenkrupp-nucera.com/3. Where the company sits in the field
4. Scale
The financial year runs from October to September (FY2025/26 ended on 30 September 2026; the annual report is scheduled for 16 December 2026) Sourced. Full-year results for FY2025/26 are not out yet, so the table below sets the full years to FY2024/25 beside the nine-month figures for FY2025/26.
| Indicator (€ million) | FY2023/24 | FY2024/25 | First 9 months FY2025/26 (prior-year period) |
|---|---|---|---|
| Group sales | 862 | 845 | 354 (663) |
| Group EBIT | -14 | 2 | -69 (4) |
| Green Hydrogen (gH2) sales | 524 | 459 | 80 (377) |
| Green Hydrogen EBIT | -76 | -56 | -107 (-39) |
| Chlor-Alkali (CA) sales | 338 | 386 | 273 (286) |
| Chlor-Alkali EBIT | 62 | 58 | 38 (43) |
| Order intake (group) | 636 | 348 | 471 (241) |
| R&D expense | 36 | 38 | 29 (24) |
| Other indicators | Value | As of |
|---|---|---|
| Order backlog (group) | €638 million (hydrogen €325 million, chlor-alkali €313 million) | 30 June 2026 |
| Net financial assets | €627 million (€656 million at 30 September 2025) | 30 June 2026 |
| Equity ratio | 61% (65% at 30 September 2025) | 30 June 2026 |
| Employees | 1,076 (1,092 at 30 September 2025) | 30 June 2026 |
The company explains that in FY2024/25 hydrogen sales were driven largely by the Stegra project in Sweden, while NEOM contributed less because it was already far advanced Sourced. In FY2025/26 hydrogen sales fell sharply as sales recognition on existing large projects such as NEOM had already progressed, and as higher costs on new-build projects arose in the second quarter. The company's documents give the chlor-alkali segment's FY2024/25 sales as both €386 million and €387 million (probably a rounding difference Inference).
Hydrogen-segment sales rise and fall project by project. For FY2025/26 the company attributes the decline mainly to sales that were already largely recognized on large existing projects such as NEOM, and to extra costs on new-build projects. New orders (hydrogen order intake of €184 million in the first nine months of FY2025/26 against €23 million a year earlier, mainly the Moeve project) were expected, in the FY2024/25 announcement, to lift sales only in later years Sourced. A single year or quarter does not show whether the hydrogen business is doing well or badly.
5. Resources committed to hydrogen
Most figures specific to hydrogen are not disclosed. The table separates what could be confirmed from what could not.
| Type of resource | What primary sources confirm | Status |
|---|---|---|
| People | The group has 1,076 employees (30 June 2026) at 10 locations worldwide (company materials): Dortmund (HQ), Arnstadt (linked to SOEC; the August announcement said its future use is under review), Tokyo, Okayama, Milan, Houston, Riyadh, Mumbai, Shanghai and Perth. Hydrogen-only headcount is not disclosed | Sourced / partly undisclosed |
| Money (R&D) | R&D expense was €38 million in FY2024/25 (€36 million a year earlier) and €29 million in the first nine months of FY2025/26 (€24 million a year earlier, +19%). Company materials say development focused mainly on AWE and SOEC technology (partly capitalized). R&D spending for hydrogen alone is not disclosed | Sourced / partly undisclosed |
| Money (capex) | In the nine-month cash flow statement for FY2025/26, capital expenditure on property, plant and equipment was €11 million and on intangible assets €11 million. The company describes an asset-light business model. Plant investment specific to hydrogen is not disclosed | Sourced / partly undisclosed |
| Acquisitions, investments and joint ventures | (1) Key technology assets of Green Hydrogen Systems (Denmark): agreement announced on 20 June 2025, covering intellectual property and a full-size test facility in Skive, Denmark (price undisclosed). (2) Cooperation on cell design with Industrie De Nora, the second-largest shareholder (25.9%); in the company's chlor-alkali cell materials, De Nora supplies the electrode coatings and half-shells. (3) In August 2026 the company decided not to build its own SOEC mass-production capacity, with a one-off hit of about €30 million to EBIT, mainly from impairment of the pilot plant and capitalized development costs | Sourced |
| Universities, research institutes and public funding | Under H2Giga (the German Federal Ministry of Education and Research's hydrogen flagship project), the "INSTALL AWE" project to industrialize AWE production receives about €8.5 million in subsidies (the company writes "almost 8.5 million euros"). Carbon2Chem (BMBF-supported) hosts a 2 MW AWE plant in Duisburg. On SOEC the company has a strategic R&D partnership with Germany's Fraunhofer IKTS and a license to its SOEC stack technology (how this is treated after the August 2026 decision could not be confirmed) | Sourced |
| Investment in start-ups | Not mentioned in the materials | Could not be confirmed |
Next, the main projects. Stages are given in the wording of the company's own materials. Customers' financing and start-up dates must be checked in each customer's own disclosures; we have not done so here.
| Project | Location | Size | Stage | Date | Source |
|---|---|---|---|---|---|
| Stegra (green steel plant) | Boden, Sweden | 740 MW (company materials) | All 37 electrolyzer modules installed; moving to pre-commissioning and commissioning | As of September 2026 | Reference 1 |
| NEOM | Saudi Arabia | 2.2 GW (company materials) | In progress. The company says only that the project is making progress; a large share of sales has been recognized | As of September 2026 | Reference 1, 2 |
| Shell (Holland Hydrogen 1) | Rotterdam, Netherlands | 200 MW | Commissioning planned for 2026; operations to ramp up in 2027 (company materials) | As of September 2026 | Reference 1 |
| Moeve "Onuba" (phase 1 of the Andalusian Green Hydrogen Valley) | Huelva, Spain | 300 MW (15 units of 20 MW); about 45,000 tonnes of hydrogen per year (nominal) | Customer announced its final investment decision (FID) in early March 2026; engineering, procurement, fabrication and supply (EPF) contract signed on 18 March | 18 March 2026 | Reference 6 |
| Juno Joule (green ammonia) | India | 260 MW | Front-end engineering design (FEED) contract only; FID targeted for FY2026/27 (plan) | 17 March 2026 | Reference 7 |
| A European heavy-industry company's hydrogen project | Europe (customer not named) | 600 MW | FEED study order (FY2024/25) | 17 December 2025 | Reference 4 |
| A 20 MW pilot plant | United States | 20 MW | Contract terminated (one of the reasons for the FY2025/26 outlook cut) | Outlook cut on 17 March 2026 | Reference 2 |
The company also shows its wider pipeline. It is actively pursuing 35 projects totalling about 14 GW (expected contract value about €7 billion), with paid engineering contracts for about 1.9 GW under way, and expects its next project award during calendar 2026 (as of August 2026) Not yet confirmed.
According to the company, a 20 MW AWE module holds about 300 cells split across four racks (74 cells per rack) Sourced. Each cell can be removed and replaced individually, and the design is described as allowing cells to be refurbished and reused rather than scrapped. From a materials standpoint this reads as a design premise that the cell is where the diaphragm, electrodes and seals are most likely to degrade Inference. If a faulty part can be swapped cell by cell, the whole stack need not be discarded and spares inventory shrinks. The materials we reviewed give no figures, however, for actual lifetime, degradation rate or replacement frequency.
6. What it has done so far
| When | What happened | Why it matters |
|---|---|---|
| 1960 | Uhde's electrolysis product unit is founded | From the history in company materials |
| 1973 | Chlorine Engineers Corporation (Japan) is founded | One of the roots of chlor-alkali electrolysis here |
| 2001 | Uhde and De Nora set up the joint venture UHDENORA | The start of the relationship with De Nora |
| 2011 | De Nora acquires Chlorine Engineers Corp. | From the history in company materials |
| 2015 | The units merge to form thyssenkrupp Uhde Chlorine Engineers | The direct predecessor of today's company |
| From April 2018 | A 2 MW AWE plant runs at the Carbon2Chem pilot in Duisburg. The company estimates it has produced about 1,500 tonnes of hydrogen (the company's own calculation from operating hours and utilization) | Demonstration of load-following operation under variable renewable supply |
| 2022 | Renamed thyssenkrupp nucera | A rebranding |
| 7 July 2023 | Listed on the Frankfurt Stock Exchange (offer price €20 per share) | thyssenkrupp AG still holds about 50% after the listing |
| 20 June 2025 | Announces an agreement to acquire key technology assets of Green Hydrogen Systems (Denmark); the FY2024/25 announcement reports the assets as acquired | Brings in modular pressurized alkaline electrolysis for operation at up to 35 bar |
| 17 December 2025 | Reports FY2024/25: sales €845 million, EBIT €2 million. Hydrogen order intake is only €26 million | A year in which new hydrogen orders dried up |
| 17-18 March 2026 | Wins the FEED for Juno Joule (260 MW, India) and signs the EPF contract for Moeve (300 MW). In the same period the outlook is cut, citing the termination of a 20 MW pilot-plant contract in the U.S. and other items | Large new projects return while the earnings outlook worsens |
| 7 July 2026 | Signs a strategic collaboration with India's BHEL on phased localization of alkaline electrolyzer module manufacturing | Cooperation on manufacturing and tenders for the Indian market |
| 9 July 2026 | The CEO is appointed to the German government's National Hydrogen Council | A seat in a policy advisory body |
| 11-12 August 2026 | Decides to stop building its own SOEC mass-production capacity, with a one-off hit of about €30 million to EBIT; full-year outlook revised | Resources to be focused on chlor-alkali, industrial-scale AWE and pressurized electrolysis |
7. What comes next
The figures above are the company's outlook, not results Not yet confirmed. The company's materials also describe the following plans.
- Shell (Rotterdam, 200 MW): commissioning in 2026, operations ramp up in 2027 Not yet confirmed
- Stegra (Boden): after all 37 modules were installed, pre-commissioning and commissioning follow (we have not confirmed the start-up date)
- Juno Joule (India, 260 MW): final investment decision (FID) targeted for FY2026/27; whether an EPF contract follows depends on the FID Not yet confirmed
- Phased localization of manufacturing in India with BHEL: timing and volumes could not be confirmed
- Products: pressurized electrolyzers (up to 35 bar), a 120 MW plug-and-play electrolysis system and a 360-degree lifecycle service portfolio. The company's priorities for 2026 are standardization, modularization and scale, cost discipline, and financial stability
- SOEC: no own mass production, but how the Arnstadt site and existing expertise will be used is still being reviewed (as of August 2026)
Hydrogen-only headcount, R&D spending and plant investment; published figures for AWE specific energy consumption (kWh per kg of H₂) or degradation rate; start-up dates for NEOM and Stegra (these need the customers' own disclosures); timing and volumes of localization with BHEL; whether the company invests in start-ups; and what will become of the SOEC assets at Arnstadt. None of these appears in the company materials we reviewed.
8. What the company is aiming for in hydrogen
This section separates what the company says it is aiming for from what we read into its materials. Inference marks our own interpretation of primary information.
| What we read from it | Primary information behind it | Status |
|---|---|---|
| In hydrogen, it is narrowing to "standardize AWE and build it in volume" | The 20 MW standard module, a cell supply chain of 1 GW per year, and the August 2026 statement that it will focus on chlor-alkali, industrial-scale AWE and high-pressure water electrolysis after dropping SOEC mass production | Sourced |
| It is moving toward selling the plant and its operation, not just the electrolyzer | Integrated systems including balance of plant (BoP), a 120 MW plug-and-play system, and 360-degree services. The company estimates more than €2 billion in service sales potential over 25 years from the roughly 3.5 GW under execution (assuming long-term service agreements) | Sourced (company description) / Inference (direction) |
| It is extending products toward higher pressure and less compression | Acquisition of Green Hydrogen Systems assets (up to 35 bar); the company says additional compression is in many cases unnecessary | Sourced |
| It is making India its next anchor market | Cooperation with GIZ (February 2026), the 260 MW FEED for Juno Joule, the BHEL collaboration, and statements by the head of its Indian subsidiary | Sourced / Inference (positioning) |
| It absorbs hydrogen losses with chlor-alkali profits and cash on hand | Chlor-Alkali EBIT stays positive, net financial assets are €627 million, and the company says it is protecting financial flexibility | Sourced / Inference |
We read "narrowing its hydrogen route" mainly from two August 2026 announcements made together. The company explained that investing in independent SOEC mass-production capacity is not economically attractive, citing the delayed ramp-up of the hydrogen market and continuing uncertainty over project developers' investment conditions. The same document stresses a deliberately selective approach to projects and cost discipline Sourced. Over the same period, however, it won the Moeve (300 MW) order and signed a collaboration in India. So our reading is "win projects, but do not spend capital on new technology where demand is uncertain" Not yet confirmed. This is our interpretation, not a policy the company has stated.
9. Map of partnerships in hydrogen
Of the partners named in the company's materials, the one cooperating substantively on design and manufacturing is De Nora. The chlor-alkali cell materials spell out the split of work: cell design, electrode coatings and half-shell manufacturing Sourced. For scaling up hydrogen cell production, the description of H2Giga likewise calls the relationship with joint-venture partner De Nora central to ramping up series production. The cell supply chain may therefore depend heavily on De Nora, which is also a shareholder, but the materials do not let us gauge how heavily Inference.
10. Technologies, products and services
Product specifications below come only from the company's official pages and investor presentation. Electrolysis efficiency and lifetime figures cannot be compared unless temperature, pressure, current density, operating time and scale are matched, so we do not use them to compare against other companies.
| Area | What official materials list | Note |
|---|---|---|
| Alkaline water electrolysis (AWE): scalum | A standard 20 MW unit (about 300 cells per unit). Each cell can be removed individually. Plants can be scaled up to gigawatt size. Designed for dynamic operation that follows variable renewable power. The company states that TÜV Rheinland certified the foundational design against the requirements of Chapter 4 of ISO 22734:2019 | ISO 22734 is the international standard for water electrolysis hydrogen generators. The certificate covers the "foundational design" and does not guarantee the performance of any delivered plant |
| Pressurized AWE | Technology acquired from Green Hydrogen Systems. Operates at up to 35 bar; the company says additional compression becomes unnecessary for some uses. The investor presentation refers to the product name "scalum vana" | We could not confirm commercial delivery of this product |
| Plug-and-play system | A new offer of a 120 MW electrolysis system supplied as a complete plant (announced May 2026) | No orders confirmed |
| Balance-of-plant (BoP) integration | Transformers and rectifiers, KOH purification, conditioning and storage, cooling water systems, piping, and hydrogen compression and purification, designed together with the electrolyzer | The company says hydrogen cost is set by the whole system, not by the electrolyzer alone |
| Services and digital | A 360-degree lifecycle service portfolio (spare parts, maintenance, remote load balancing, predictive maintenance), digital twins, "nucera evaluator" and "nucera load balancer" | The company estimates more than €2 billion in hydrogen service sales potential over 25 years (assuming long-term service agreements) |
| Chlor-alkali electrolysis (CA) | BM (bipolar membrane), BiTAC, NaCl-ODC and hydrochloric acid electrolysis (HCl-ODC). More than 600 projects, 240,000 cell elements and over 10 GW of installed capacity (electrolyzer capacity equivalent). The latest BM generation needs under 1,960 kWh per tonne of NaOH at 6 kA/m² (manufacturer's stated value; this is electricity per tonne of caustic soda, not per unit of hydrogen) | In chlor-alkali, hydrogen is a by-product. The company estimates its market share at about 50% (company estimate) |
| Demonstration plant | Carbon2Chem pilot, Duisburg: 2 MW, up to 440 Nm³/h of hydrogen, purity above 99.95% (dry basis). The company estimates about 1,500 tonnes produced since April 2018 | Demonstration-scale (2 MW) values, not values for a large commercial plant |
The company's investor presentation groups the key points of its AWE cell design into electrical, hydraulic and mechanical design Sourced.
(1) Zero-gap structure: an expanded-metal current distributor and a woven-mesh cathode press against the whole face of the separator. An elastic element provides the contact pressure, and this compression is described as independent of the sealing force. The company says this extends separator life and improves performance. (2) Uniform current: continuous laser welding evens out the current distribution and reduces ohmic loss. (3) Sealing: strong flange and bolt forces compress the gaskets, aiming for a cell that stays leak-tight throughout its service life. On materials selection, the company lists corrosion-resistant materials, current distribution and electrical contacts, gas and liquid flow design, and sealing among its own contributions, and the electrode catalytic coatings and the manufacture of the half-shells among De Nora's (from the chlor-alkali cell materials).
In general, alkaline electrolysis uses a concentrated alkaline solution such as potassium hydroxide, so metals, resins and gaskets in contact with the electrolyte must resist corrosion Not yet confirmed (this paragraph is a general explanation, not a statement from company materials). The materials we reviewed do not give the specific separator and seal materials, the electrode catalyst types, or degradation rates. See also our explainers on alkaline water electrolysis and on electrolyzer stacks and materials.
11. The risks this company carries
| Risk | Detail | Status |
|---|---|---|
| Losses in the hydrogen segment | Hydrogen EBIT was -€107 million in the first nine months of FY2025/26. The full-year outlook for the hydrogen segment is -€155 million to -€135 million | Sourced |
| Lumpy sales from projects | Sales are booked as projects progress and fall quickly once large projects pass their peak. Hydrogen sales go from €459 million in FY2024/25 to an outlook of €100-130 million for FY2025/26 | Sourced (the outlook is Not yet confirmed) |
| Cost of project execution | In the second quarter of FY2025/26, higher costs on new-build projects and the termination of a 20 MW pilot-plant contract in the U.S. weighed on sales and EBIT (tens of millions of euros in total; the original wording is mid-double-digit million euros). The company says it brought forward improvements based on experience so far, ahead of commissioning | Sourced |
| Market ramp-up and policy environment | The company itself cites the delayed ramp-up of the hydrogen market and uncertainty over project developers' investment conditions as reasons for dropping SOEC mass production. Whether projects reach a final investment decision (FID) depends on customers and policy | Sourced |
| Losses from technology choices | About €30 million in one-off losses, including impairment of the SOEC pilot plant and development costs | Sourced |
| Dependence on customers' financing and start-up | The hydrogen backlog is €325 million. Converting it to sales depends on how customers' construction and financing proceed (we have not checked each customer's position) | Inference |
| Reliance on chlor-alkali for earnings | The group's profit is supported by the chlor-alkali segment. The company says demand tracks GDP, so the segment is exposed to the chemical industry cycle | Sourced / Inference (exposure to the cycle) |
| Dependence on shareholders and supply chain | thyssenkrupp AG (50.2%) and De Nora (25.9%) are shareholders, and De Nora cooperates on cell design, coatings and manufacturing. How heavy the dependence is could not be confirmed | Inference |
| Difficulty of outside verification | Hydrogen-only headcount, R&D spending and plant investment, and AWE specific energy consumption and degradation rates, are absent from published materials, so efficiency and technical standing are hard to verify from outside | Not yet confirmed |
This article summarizes a company and is not advice on handling or operating hydrogen. The handling of hydrogen, potassium hydroxide and similar substances is governed by national laws, standards and operators' own safety rules.
12. Glossary
- Alkaline water electrolysis (AWE)
- Electrolysis that splits water into hydrogen and oxygen using a concentrated alkaline solution as the electrolyte. It has a long track record in large plants. See our explainer on alkaline water electrolysis.
- SOEC (solid oxide electrolysis cell)
- A ceramic electrolysis cell that splits steam at high temperature (several hundred degrees C or more). thyssenkrupp nucera dropped its plan for its own mass production in August 2026.
- Chlor-alkali electrolysis (CA)
- Electrolysis of brine that produces chlorine, caustic soda (sodium hydroxide) and hydrogen. Hydrogen is a by-product.
- BM / BiTAC / ODC
- Cell types used in chlor-alkali electrolysis. BM is a single-element bipolar membrane electrolyzer; BiTAC is a bipolar design whose name derives from Tosoh and Chlorine Engineers (the company's own abbreviation key); ODC is an oxygen-depolarized cathode, which reduces electricity use.
- FEED
- Front-end engineering design: the stage before a final investment decision when specifications and costs are pinned down.
- EPF
- Engineering, procurement and fabrication. A contract form that stops short of construction.
- FID (final investment decision)
- The point at which a project owner formally commits to build.
- BoP (balance of plant)
- Equipment other than the electrolyzer itself: power supply, purification, cooling, compression and so on.
- KGaA
- Kommanditgesellschaft auf Aktien: a German partnership limited by shares, with a general partner that manages the business and ordinary shareholders.
- ISO 22734
- The international standard for hydrogen generators using water electrolysis. thyssenkrupp nucera states that TÜV Rheinland certified the foundational design of its scalum unit against Chapter 4 of the 2019 edition.
13. References
- thyssenkrupp nucera General Investor Presentation, September 2026. Hydrogen projects under execution (about 3.5 GW) and project status, shareholder structure, history, AWE cell design, single-cell concept, products and markets, project pipeline, FY2025/26 outlook. https://investors.thyssenkrupp-nucera.com/media/document/53d3feca-7650-4f33-9cf6-23c2b25c5e96/assets/thyssenkrupp_nucera_General_Investor_Presentation_September_2026.pdf?disposition=inline
- thyssenkrupp nucera Quarterly Statement Q3/9M 2025/26 (12 August 2026). Order intake, sales, EBIT, order backlog, net financial assets, headcount, cash flow, reasons for the outlook revision. https://investors.thyssenkrupp-nucera.com/media/document/8d3a9471-c7e2-418f-bc60-a1b7104d8241/assets/DE000NCA0001-Q3-2025-EQ-E-00.pdf
- thyssenkrupp nucera Press release "thyssenkrupp nucera Doubles Order Intake in the First Nine Months of 2025/2026" (12 August 2026). Nine-month results, decision to stop SOEC mass-production capacity, outlook revision, R&D expense. https://www.thyssenkrupp-nucera.com/newsroom/news-press-releases/thyssenkrupp-nucera-doubles-order-intake-in-the-first-nine-months-of-2025/2026
- thyssenkrupp nucera Press release "Fiscal Year 2024/2025: thyssenkrupp nucera Performs Solidly in a Challenging Market Environment and Significantly Increases EBIT" (17 December 2025). FY2024/25 results, segment figures, Green Hydrogen Systems technology, 600 MW FEED, outlook. https://www.thyssenkrupp-nucera.com/newsroom/news-press-releases/fiscal-year-2024/2025-thyssenkrupp-nucera-performs-solidly-in-a-challenging-market-environment-and-significantly-increases-ebit
- thyssenkrupp nucera Press release "thyssenkrupp nucera reports significant new orders and quadruples order intake in the second quarter" (12 May 2026). Second-quarter results and one-off effects, 120 MW plug-and-play system, 360-degree service. https://www.thyssenkrupp-nucera.com/newsroom/news-press-releases/thyssenkrupp-nucera-reports-significant-new-orders-and-quadruples-order-intake-in-the-second-quarter
- thyssenkrupp nucera Press release "thyssenkrupp nucera Supplies Electrolyzers for Moeve to Build Southern Europe's Largest Green Hydrogen Project" (18 March 2026). Onuba 300 MW EPF contract; the customer's FID. https://www.thyssenkrupp-nucera.com/newsroom/news-press-releases/thyssenkrupp-nucera-supplies-electrolyzers-for-moeve-to-build-southern-europes-largest-green-hydrogen-project
- thyssenkrupp nucera Press release "thyssenkrupp nucera to Conduct FEED Study for 260 MW Green Hydrogen Project in India" (17 March 2026). Juno Joule FEED, FID target, cooperation with GIZ. https://www.thyssenkrupp-nucera.com/newsroom/news-press-releases/thyssenkrupp-nucera-to-conduct-feed-study-for-260-mw-green-hydrogen-project-in-india
- thyssenkrupp nucera Press release "thyssenkrupp nucera and Bharat Heavy Electricals Limited Sign Strategic Collaboration to Advance Green Hydrogen Electrolysis in India" (7 July 2026). The BHEL collaboration. https://www.thyssenkrupp-nucera.com/newsroom/news-press-releases/thyssenkrupp-nucera-and-bharat-heavy-electricals-limited-sign-strategic-collaboration-to-advance-green-hydrogen-electrolysis-in-india
- thyssenkrupp nucera Press release "thyssenkrupp nucera Signs an Agreement to Acquire Key Technology Assets from Green Hydrogen Systems" (20 June 2025). Assets acquired; pressurized technology up to 35 bar. https://www.thyssenkrupp-nucera.com/newsroom/news-press-releases/thyssenkrupp-nucera-signs-an-agreement-to-acquire-key-technology-assets-from-green-hydrogen-systems
- thyssenkrupp nucera Official technology page "Alkaline Water Electrolysis". The scalum 20 MW unit, single-cell design, TÜV Rheinland certification of the foundational design to Chapter 4 of ISO 22734:2019. https://www.thyssenkrupp-nucera.com/technologies/alkaline-water-electrolysis
- thyssenkrupp nucera Official technology page "Future Solutions". Carbon2Chem (2 MW AWE), H2Giga (about €8.5 million subsidy), HTEM300, SOEC partnership with Fraunhofer IKTS. https://www.thyssenkrupp-nucera.com/technologies/future-solutions
- thyssenkrupp nucera Press release "Dr. Werner Ponikwar Becomes a Member of the Federal Government's National Hydrogen Council" (9 July 2026). https://www.thyssenkrupp-nucera.com/newsroom/news-press-releases/dr-werner-ponikwar-becomes-a-member-of-the-federal-governments-national-hydrogen-council
- thyssenkrupp nucera Official website (source of the logo image). https://www.thyssenkrupp-nucera.com/
14. Claim-to-source audit
Last updated: 6 October 2026 / Troy Technical
The figures in this article come from thyssenkrupp nucera's own materials (investor presentation, quarterly statement, press releases and technology pages). Market-research estimates and press-report figures are not used. Passages marked "Inference" are our own reading of primary information and are not statements by the company.