thyssenkrupp nucera

What thyssenkrupp nucera does

thyssenkrupp nucera AG & Co. KGaA is a Dortmund-headquartered electrolyzer technology company that designs, engineers, and supplies industrial-scale electrochemical systems for green hydrogen production, chlor-alkali processing, and hydrochloric acid electrolysis. The business emerged from the 2023 combination of thyssenkrupp's water electrolysis operations and Industrie De Nora's electrode technology, and it operates as a publicly listed joint venture between thyssenkrupp AG and Industrie De Nora S.p.A.

The company's core technology portfolio centers on alkaline water electrolysis (AWE), marketed through the "scalum" brand and its 20 MW modular unit, alongside chlor-alkali electrolysis technologies including e-BiTAC, BM Single Element, and NaCl-ODC variants, plus HCl-ODC hydrochloric acid electrolysis and an emerging SOEC line under the Future Solutions unit. Digital service platforms—nucera Evaluator for cell voltage monitoring and nucera Diagnostics for remote condition monitoring—are deployed across more than 90 projects in 26 countries. Cumulative installed capacity exceeds 10 GW across 600+ projects worldwide, supported by a 1.5 GW/yr supply chain and a ~€29 billion project pipeline.

Revenue is generated through project-based, multi-year contracts for custom-engineered electrolyzer systems sold directly to enterprise customers across chemicals, steel, refining, and green energy, supplemented by recurring service revenue from the installed base and front-end engineering and design (FEED) studies. FY 2024/25 group sales were €845 million, while management has guided FY 2025/26 sales to €500–600 million and order intake to €350–900 million, reflecting the lumpy execution profile typical of large industrial capital equipment.

Name

thyssenkrupp nucera

Legal name

thyssenkrupp nucera AG & Co. KGaA

Website

https://thyssenkrupp-nucera.com

Company type

Public

Founded year

1960

Operating status

Operating

Headcount range

501–1,000 employees

Short description

thyssenkrupp nucera is a Dortmund-based electrolyzer technology company that designs and supplies industrial-scale alkaline water electrolysis, chlor-alkali, and HCl electrolysis systems for green hydrogen, chemical, and steel producers worldwide.

Ownership category

akta.pro rank

Product category

Industrial Electrolysis Equipment

NAICS

Chemical Manufacturing (325)

akta.pro primary industry

Separation & Filtration Equipment (Filters, Centrifuges, Membranes) (IMAHAEAB)

akta.pro secondary industry

Chlor-Alkali & Derivatives (IMAEAAAC)

Keywords

• Alkaline water electrolysis
• Chlor-alkali electrolysis
• Green hydrogen production
• Industrial electrolysis systems
• Hydrochloric acid electrolysis

Headquarters

HQ city

Dortmund

HQ country

Germany

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Supply Chain, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Electrolysis Systems Sales: Sale of industrial-scale alkaline water electrolysis, chlor-alkali, and hydrochloric acid electrolysis systems. Project-based revenue with multi-year execution cycles. Major systems include scalum 20 MW modules and e-BiTAC electrolyzers.
2. Service and Maintenance: Aftermarket service portfolio including nucera Evaluator (cell voltage monitoring) and nucera Diagnostics (remote condition monitoring). Ongoing support, optimization, and maintenance services for installed base.
3. Engineering and FEED Studies: Front-end engineering and design (FEED) studies for project development, such as the 260 MW project in India with Juno Joule.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

thyssenkrupp nucera designs, manufactures, and services industrial-scale electrolysis systems for green hydrogen production (alkaline water electrolysis), chlor-alkali chemical production, and hydrochloric acid electrolysis. Its offering spans proprietary electrolyzer technologies (e-BiTAC, BiTAC, BM, NaCl-ODC, HCl-ODC, SOEC), modular products such as the scalum 20 MW module, and digital service platforms (nucera Evaluator, nucera Diagnostics) for asset monitoring and optimization.

Product overview

thyssenkrupp nucera delivers a comprehensive portfolio of electrolysis technologies organized around four core areas: Alkaline Water Electrolysis (AWE) for green hydrogen production, Chlor-Alkali Electrolysis (including BiTAC, e-BiTAC v7, and NaCl-ODC technologies), Hydrochloric Acid Electrolysis, and Future Solutions (including SOEC high-temperature electrolysis). The company supplements its technology offerings with digital service platforms—nucera Evaluator for cell voltage monitoring and asset management, and nucera Diagnostics for remote condition monitoring and incident troubleshooting. The product architecture includes industrial-scale electrolyzer systems, modular units like the scalum 20 MW module, and comprehensive service solutions. thyssenkrupp nucera holds approximately 90% of the global chlor-alkali market share and has deployed over 10 GW of installed capacity across more than 600 projects worldwide.

Differentiator

Problem solved

Functional benefit

Brands

• scalum: Industrial alkaline water electrolysis module product line including the scalum 20 MW module for large-scale green hydrogen production
• e-BiTAC
• nucera Evaluator
• nucera Diagnostics

Products and services

• Alkaline Water Electrolysis (AWE)
• Chlor-Alkali Electrolysis
• e-BiTAC v7 Electrolyzer
• Next-generation BM and BiTAC Electrolyzers
• Hydrochloric Acid Electrolysis
• Future Solutions (SOEC)
• scalum 20 MW Module
• nucera Evaluator
• nucera Diagnostics
• Green Hydrogen Service Solutions
• Chlor-Alkali Service Solutions

Quantifiable outcome

• Over 10 GW of electrolysis capacity installed worldwide
• +4 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature9 records

Partnerships

Four partnerships are on record, tiered major, strategic, core and industry.

• GIZ GmbH (German Society for International Cooperation)majorStrategic or Co-development Partner · 29 January 2026Cooperation under the H2Uppp (International Hydrogen Ramp-Up Programme) funded by German Federal Ministry for Economic Affairs and Energy. Partnership aims to accelerate India's green hydrogen and Power-to-X market development, assess emerging hydrogen landscape, identify collaboration areas, and explore scalable deployment models to support India's National Green Hydrogen Mission.
• Green Hydrogen SystemsstrategicTechnology or Integration · 20 June 2025Acquisition of key technology assets including intellectual property and test facility for high-pressure alkaline electrolysis technology. Deal completed September 2025, strengthening position in alkaline water electrolysis.
• De NoracoreStrategic or Co-development PartnerJoint venture partner in thyssenkrupp nucera. De Nora contributes electrode technology expertise. Paolo Dellachà, CEO of De Nora, serves as Deputy Chairman of thyssenkrupp nucera Supervisory Board.
• Elektrolyseure für Europa (E4E) CoalitionindustryStrategic or Co-development PartnerCoalition of major European electrolyser manufacturers including Nel, ITM Power, John Cockerill, Sunfire, Thyssenkrupp Nucera, and Topsoe advocating for Made in Europe criteria in EU Industrial Accelerator Act for energy security and technological sovereignty.

Scale indicators14 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• ITM Power: UK-based PEM electrolyzer manufacturer focused on large-scale green hydrogen projects. Competes with nucera in industrial-scale green hydrogen deployments, though differentiated by PEM versus alkaline technology.
• Plug Power: US-based company operating across the hydrogen value chain including PEM electrolyzer manufacturing. Competes with nucera in green hydrogen production systems, primarily serving North American industrial and mobility customers.
• Sunfire: German company specializing in high-temperature SOEC electrolysis technology. Direct competitor in next-generation electrolysis, particularly in industrial decarbonization applications where SOEC competes with nucera's alkaline technology.
• Asahi Kasei: Japanese chemical and industrial conglomerate with established chlor-alkali membrane electrolysis technology and ion-exchange membrane production. Direct competitor in chlor-alkali electrolyzer technology, particularly in Asian markets.
• John Cockerill: Belgian industrial group with significant electrolyzer manufacturing operations, including alkaline water electrolysis. Direct competitor to nucera in industrial-scale hydrogen production systems for steel, chemicals, and energy applications.
• Topsoe: Danish company developing SOEC (Solid Oxide Electrolysis Cell) technology for green hydrogen and e-fuels. Direct competitor in industrial-scale electrolysis, particularly as SOEC technology matures and competes with alkaline approaches.
• Nel ASA: Norwegian electrolyzer manufacturer producing both alkaline and PEM electrolysis systems at industrial scale. Direct competitor to nucera in alkaline water electrolysis for green hydrogen, serving similar industrial customers including refineries, ammonia producers, and mobility applications.

Broad incumbents

• Cummins (Accelera by Cummins): US-based diversified industrial company with hydrogen electrolyzer business under its Accelera segment. Competes with nucera in PEM and emerging electrolyzer technologies, but operates as part of a broader diesel engine and power systems portfolio.
• Siemens Energy: German energy technology major with electrolyzer manufacturing through its Siemens Gamesa and grid technologies businesses. Competes with nucera in industrial-scale green hydrogen projects, but as part of a much broader power generation and grid portfolio.

Others

• Industrie De Nora: Italian electrode technology company and JV partner in thyssenkrupp nucera (De Nora CEO Paolo Dellachà serves as Deputy Chairman). Supplies electrode technology and electrochemistry expertise to the JV, while also independently serving water treatment and other electrochemical applications.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/thyssenkruppnca
• LinkedInlinkedin.com/company/thyssenkrupp-nucera

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

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