Thyssenkrupp Nucera reports slowdown in hydrogen sector growth

Thyssenkrupp Nucera, a leading firm in electrolysis technologies, announced on Tuesday that the hydrogen sector experienced slowed growth in the third quarter due to regulatory uncertainties, which impacted investment decisions by customers.

The company, in which Thyssenkrupp holds a majority stake, had previously withdrawn its outlook for the alkaline water electrolysis business due to ongoing market uncertainty.

The company reported that unresolved regulatory issues and a slow pace of funding commitments caused delays in final investment decisions (FID) from potential customers for electrolysis capacities.

Despite these challenges, Thyssenkrupp Nucera’s orders reached 1.3 billion euros ($1.42 billion) by the end of June, an increase from 1.2 billion euros at the end of March.

Attribution: Reuters

Subediting: M. S. Salama