Thyssenkrupp Nucera secures EU funding for 300-MW hydrogen plant

German electrolyser maker Thyssenkrupp Nucera AG & Co KgaA (ETR:NCH2) said on Thursday that it has been awarded EU funding of up to EUR 36 million (USD 38.7m) for a project to construct a 300-MW plant for green hydrogen production.

The production facility will be using the high-temperature electrolysis technology known as Solid Oxide Electrolyser Cell (SOEC). According to Nucera’s CEO Werner Ponikwar, the technology is characterised by a “high level of efficiency and great cost effectiveness”.

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The financing from the EU Innovation Fund will allow Thyssenkrupp Nucera to speed up the industrialisation of the new electrolysis method.

Before the establishment of the planned 300-MW SOEC facility, the German company plans to commission an 8-MW pilot plant in the first half of 2025.

This high-temperature technology has been jointly developed by Thyssenkrupp Nucera and the Fraunhofer Institute for Ceramic Technologies and Systems IKTS, which entered into a collaboration in March 2024.

(EUR 1 = USD 1.077)