On July 7, ThyssenKrupp's hydrogen business unit, ThyssenKrupp New Era, was successfully listed on the Frankfurt Stock Exchange (Advanced Market). ThyssenKrupp New Era is one of the world's leading suppliers of electrolysis equipment for the production of green hydrogen. The initial public offering (IPO) will total 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 stabilise the share price, ThyssenKrupp will retain at least 50.2% of ThyssenKrupp Epoch.
The IPO placed more than 30 million shares, of which more than 26 million were new shares, at a price of 20 euros per share, giving ThyssenKrupp New Era market capitalization of about 2.53 billion euros. ThyssenKrupp New Era received a total of about 526 million euros ( about 4.166 billion yuan ) from the sale of new shares. As cornerstone investors, funds held by Saudi Arabia's Public Investment Fund PIF and BNP Paribas have received a large share of the issuance. De Nora, as an original shareholder of ThyssenKrupp New Era, will retain at least 25.9% of its shares in the event that an over-allotment option is exercised to stabilize the share price.
ThyssenKrupp New Era orders are in good shape, with orders worth about 1.4 billion euros. The total installed electrolytic capacity of the contracted projects is more than 3 gigawatts (GW) , including one of the world's largest electrolytic hydrogen production plants planned in Saudi Arabia. Production capacity of more than 2G W . In addition, ThyssenKrupp New Era will supply Shell with a 200 MW electrolysis unit at the Port of Rotterdam and a 700 MW electrolysis unit at a steel plant in Sweden. In the area of the alkaline water electrolysis (AWE) business alone, ThyssenKrupp New Era expects sales of around 600 to 700 million euros in the upcoming 2023/24 financial year.
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 water electrolysis (AWE) technology, unlike other technologies, can produce green hydrogen on an industrial scale. This is due to its rich experience in the field of electrolysis technology (including plant construction and technical services) for more than half a century.
Miguel Lopez, CEO of ThyssenKrupp, said: We have achieved our goal of successfully listing our hydrogen business in a challenging capital market environment. This gives the business sufficient financial headroom to grow further and expand its leading market position in green hydrogen production. In the long run, hydrogen energy is crucial to the decarbonization of many industries. We believe that the new era of ThyssenKrupp has great potential, and we will continue to support its development. The successful IPO of this business is an important step in the transformation process of ThyssenKrupp Group.
浙公网安备33010802003254号