According to Reuters, an IPO is on the horizon for Nucera, a joint venture between Thyssenkrupp and De Nora, in June. The deal would value the company at several billion euros.
The IPO was already in the pipeline, but had to be postponed due to the war in Ukraine and the energy crisis. The company produces electrolyzers, which can make green hydrogen. A strategic activity thus. Reuters points out that the head of Thyssenkrupp is under pressure to make this entity independent.
Nucera is involved in large-scale projects, in Brazil for instance, where -with its partner Unigel- it will supply 60 MW of electrolysis capacity at the start and then 240 MW in Bahia. The aim is to produce 10,000 tonnes of hydrogen and 60,000 tonnes of ammonia.
If you want to know more about the Thyssenkrupp, you can read our latest news about the group here.
Article written by Laurent Meillaud and translated by Logan King