Thyssenkrupp hydrogen subsidiary to rebrand as thyssenkrupp nucera

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DPA

German industrial engineering and steel production conglomerate thyssenkrupp AG plans to break out its hydrogen business into a new subsidiary named thyssenkrupp nucera as it explores the possibility of an initial public offering. The subsidiary is currently known as thyssenkrupp Uhde Chlorine. “It is our aim to become the number one technology leader for large-scale industrial green hydrogen production in the alkaline water electrolysis market”, said Denis Krude, chief executive of thyssenkrupp nucera. As of December 31, the order backlog for green hydrogen is around 900 million euros (1.03 b…

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