Thyssenkrupp Nucera sets sail in the hydrogen market.

Last Updated: 21. Februar 2024By

As you prepare for the trading day, I would like to draw your attention to an exciting development in the green energy sector. Today, we will be discussing thyssenkrupp nucera and its role in the emerging market of alkaline water electrolysis (AWE).

thyssenkrupp nucera: A pioneer in hydrogen technology thyssenkrupp nucera, an established company for over half a century, is driving the energy transition with its expertise in hydrogen production. The group, known for its 20 MW water electrolysis standard modules, enables the production of green hydrogen on an industrial scale. With an impressive portfolio of over 600 projects and more than 10 GW of installed capacity in the chlor-alkali electrolysis sector, the company presents itself as a global leader in this forward-looking segment.

Six-month chart for thyssenkrupp nucera Thyssenkrupp nucera could slowly stabilize along the blue 50-day line. (Source: Stock Screener)

Good start to the fiscal year and solid demand On February 13, the group reported a successful start to the new fiscal year. A particular highlight was the shipment of the first eight modules for the ambitious NEOM project in Saudi Arabia, which is one of the largest green hydrogen projects in the world. The demand for AWE technology is also strong: the order backlog at the end of the first quarter amounted to an impressive 1.339 billion euros. In terms of revenue, thyssenkrupp nucera achieved growth of 34.6% to 208.3 million euros, significantly exceeding expectations of 192 million euros. The company also exceeded expectations for EBIT with -0.9 million euros compared to a forecast of -4 million euros.

CFO Dr. Arno Pfannschmidt emphasizes that due to the ambitious growth strategy and the use of market opportunities, further start-up costs can be expected. This suggests that thyssenkrupp nucera will continue to invest in expanding and further developing its technologies to strengthen its market position.

Conclusion These are exciting times for investors in the clean energy sector, and thyssenkrupp Nucera is at the forefront of this revolution. The combination of a strong order backlog, impressive revenue growth, and exceeding expectations shows that we are dealing with a company whose innovation and strategic direction make it a remarkable player in the market. The continued high demand in the field of alkaline water electrolysis also signals long-term growth potential that we, as investors, should keep an eye on. Remember that investments in this sector, despite the positive outlook, also come with risks, especially when it comes to scaling new technologies. Stay informed and carefully consider your decisions.

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