Thyssenkrupp Hydrogen business successfully listed!

On July 7, ThyssenKrupp's hydrogen business unit, ThyssenKrupp New Era, was successfully listed on the Frankfurt Stock Exchange (Premium Market). Thyssenkrupp New Era is one of the world's leading suppliers of electrolytic equipment for green hydrogen production. The total amount of the initial public offering (IPO) is approximately 526 million euros and will be used for the further development of ThyssenKrupp New Era. Subject to the exercise of an over-allotment option to stabilize the share price, ThyssenKrupp will retain at least 50.2% of the shares in ThyssenKrupp Epoch.

expand its leading market position in green hydrogen production. In the long term, hydrogen energy is critical to decarbonizing many industries. We believe ThyssenKrupp New Era has great potential and we will continue to support its development. The successful IPO of the business is an important step in the transformation process of the entire ThyssenKrupp Group.

-- Miguel Lopez

Miguel Angel Lopez Borrego

CEO of ThyssenKrupp

More than 30 million shares were placed in the IPO, of which more than 26 million were new, and the issue price was set at 20 euros per share, giving ThyssenKrupp New Era a market value of about 2.53 billion euros. The total funds received by ThyssenKrupp New Era from the sale of new shares is approximately €526 million. As cornerstone investors, funds held by Saudi Arabia's public investment fund PIF and French bank BNP Paribas have secured a larger share of issuance. Subject to the exercise of an over-allotment option to stabilize the share price, De Nora, as a former shareholder of ThyssenKrupp New Era, will retain a stake of at least 25.9%.

Thyssenkrupp's New Era order book is in good shape, with an order book worth around €1.4 billion. The contracted projects have a total installed electrolytic capacity of more than 3 gigawatts (GW), including one of the world's largest electrolytic hydrogen production plants planned in Saudi Arabia with a capacity of more than 2GW. In addition, ThyssenKrupp New Era will supply Shell with a 200MW electrolysis unit in the Port of Rotterdam and a 700MW electrolysis unit for a steel plant in Sweden. In the alkaline water electrolysis (AWE) business area alone, ThyssenKrupp New Era expects sales of approximately 600 to 700 million euros in the upcoming financial year 2023/24.

Green hydrogen is a key factor in the decarbonization of many energy-intensive industries and is essential to achieving climate protection goals. Thyssenkrupp New Era's alkaline hydro-electrolysis (AWE) technology, unlike other technologies, allows for the large-scale production of green hydrogen on an industrial scale. This is thanks to more than half a century of experience in the field of electrolysis technology, including plant construction and technical services.