ThyssenKrupp Nucera, a subsidiary of ThyssenKrupp, has joined forces with Swedish company H2 Green Steel to develop one of the world's largest electrolysis plants, as stated in a recent press release by H2 Green Steel. The collaboration will focus on Alkaline Water Electrolysis (AWE) technology and the design of large-scale electrolysis facilities. Under the agreement, ThyssenKrupp Nucera will provide H2 Green Steel with electrolysis modules for the construction of a plant with a total capacity of 700 MW.
The envisioned electrolysis plant by H2 Green Steel incorporates multiple complementary technologies for the production of clean hydrogen, ensuring cost optimization and efficient operational flow. This ambitious project marks a significant shift in market dynamics, highlighting ThyssenKrupp Nucera's new business model of reserving production capacity and the increasing importance of securing access to leading electrolysis technology for customers who prioritize time to market.
Werner Ponikwar, CEO of ThyssenKrupp Nucera, emphasized the commitment demonstrated by H2 Green Steel in decarbonizing the steel industry through this investment. He expressed enthusiasm for the collaboration and the opportunity to work alongside H2 Green Steel in achieving their shared goals.
Maria Persson Gould, the technical director of H2 Green Steel, highlighted the remarkable scale of the Boden electrolysis plant, which will surpass the size of most existing electrolysis facilities. The hydrogen produced at the plant will be utilized on-site for the direct reduction of iron ore, facilitating the production of green steel. The successful progress leading up to the contract signing was made possible with the support of the Swedish Industrial Leap program, spearheaded by the Swedish Energy Agency.
In related news previously reported by GMK Center, ArcelorMittal Eisenhüttenstadt, a German steel plant and subsidiary of Europe's largest steel producer ArcelorMittal, announced its own plans to construct an electrolysis plant and hydrogen filling station. The project entails investments amounting to €5.1 million.
