thyssenkrupp to install 88 megawatt water electrolysis plant for Hydro-Québec in Canada

thyssenkrupp Uhde Chlorine Engineers’ Green Hydrogen product division has been awarded an engineering contract in order to install an 88 megawatt (MW) water electrolysis plant for Canadian energy company Hydro-Québec after successfully completing a feasibility study. Hydro-Québec, a state-owned company, is one of the largest hydropower suppliers in North America due to the enormous hydraulic energy resources in the province of Quebec. The water electrolysis plant will be built in Varennes, Quebec, and is to produce 11,100 metric tons of green hydrogen annually. Both the hydrogen and the oxygen, a by-product of the electrolysis process, will be used in a biofuel plant to produce biofuels from residual waste for the transportation sector.  With a capacity of 88 MW, this plant will be one of the world’s first and biggest production facilities for green hydrogen. Commissioning is scheduled for late 2023.


 Denis Krude, CEO of thyssenkrupp Uhde Chlorine Engineers, says: “Quebec as a region and Hydro-Québec as a customer offer ideal conditions for installing our water electrolysis technology on a multi-megawatt scale for the first time.


Water electrolysis from thyssenkrupp for installations of several hundred megawatts to gigawatt

Water electrolysis is the key technology for decarbonizing the industrial sector as, to date, it is the only scaled technology for producing green hydrogen. Green raw materials only become economically viable if they are produced and used on an industrial scale, as this is the only way that scaling effects can be reflected in an improved cost structure. thyssenkrupp’s water electrolysis technology offers the world’s largest standard modules, which can be easily combined to achieve capacities in the multi-megawatt and gigawatt range.


“With the expansion of our annual supply chain to one gigawatt, our large standard modules and the global presence of our company as an EPC supplier, we already have an ideal starting position in a market that is becoming more dynamic, ” says Christoph Noeres, Head of Green Hydrogen at thyssenkrupp Uhde Chlorine Engineers.


Investor inquiries:
Dr. Claus Ehrenbeck
thyssenkrupp
Head of Investor Relations
Phone: +49 201 844 536464
Email: claus.ehrenbeck@thyssenkrupp.com


About thyssenkrupp Uhde Chlorine Engineers:
thyssenkrupp Uhde Chlorine Engineers offers world-leading technologies for high-efficiency electrolysis plants. The company, a Joint Venture with Industrie De Nora, has extensive in-depth knowledge in the engineering, procurement, and construction of electrochemical plants and a strong track record of more than 600 projects with a total rating of over 10 gigawatts already successfully installed. With its water electrolysis technology to produce green hydrogen, the company offers an innovative solution on an industrial scale for green value chains and an industry fueled by clean energy – a major step towards a climate-neutrality.

Katharina Immoor

Spokesperson
Phone: +49 172 1492542
Email: press@thyssenkrupp-nucera.com
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+++ WARNING against unlawful offers of pre-IPO shares +++

thyssenkrupp AG has informed BaFin that individual persons have received pre-IPO offers to purchase shares in its subsidiary thyssenkrupp Uhde Chlorine Engineers / thyssenkrupp nucera from third parties.

 

These offers are unlawful and originate neither from thyssenkrupp AG nor from thyssenkrupp subsidiaries.

 

Further information including the names of the currently known unfair offerors can be found on the BaFin website: EB Finanz, Greenrock Financial (in German).