EQS-News: Friedrich Vorwerk Group SE
/ Key word(s): Incoming Orders
FRIEDRICH VORWERK wins contract for the realization of a 10 MW electrolysis plant planned at the Emden site Tostedt, February 12, 2025 – Friedrich Vorwerk Group SE (ISIN DE000A255F11), a leading provider in the field of energy infrastructure, has been awarded a contract by the Norwegian energy group Statkraft to build an electrolyzer to produce green hydrogen with a planned electrical output of 10 MW. The company has started the detail engineering of the project and the preparation for the final regulatory approvals. As soon as these and the client's approval to start the main construction phase are available, FRIEDRICH VORWERK will be responsible for all phases of the value chain in construction. In terms of technology, the project will once again use the proton exchange membrane (PEM) electrolysis process, with which FRIEDRICH VORWERK has already gained important experience in various previous projects. Initial construction preparations are currently underway at the power plant site. The electrolyzer is scheduled to go into operation in 2027. Statkraft plans to build and operate the pilot plant at its existing site in Emden, Lower Saxony, where the company already operates a biomass and a gas-fired power plant. The plan is to integrate the plant into the existing infrastructure of the power plant and, with a capacity of 10 MW, to produce around 200 kg of green hydrogen per hour based on renewable energy. This will initially be made available to the regional transport sector via hydrogen filling stations. The planned project in Emden is just one of many hydrogen-related projects that are currently being implemented. With the hydrogen core network with a total length of over 9,000 km recently approved by the Federal Network Agency, the first framework for a nationwide hydrogen transport infrastructure is to be created from 2025. This will enable central production sites to be gradually connected to the largest hydrogen consumers. This is an important prerequisite for the successful ramp-up of hydrogen in Germany. Due to its broad range of services and technologies as well as decades of experience in the field of qualified pipeline and large-scale plant construction, FRIEDRICH VORWERK expects a strong increase in demand for hydrogen in the future.
Contact Details Friedrich Vorwerk Group SE Management Board Chairman of the Supervisory Board Court of Registration
12.02.2025 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group. |
Language: | English |
Company: | Friedrich Vorwerk Group SE |
Harburger Straße 19 | |
21255 Tostedt | |
Germany | |
E-mail: | ir@friedrich-vorwerk.de |
Internet: | www.friedrich-vorwerk-group.de |
ISIN: | DE000A255F11 |
WKN: | A255F1 |
Listed: | Regulated Market in Frankfurt (Prime Standard) |
EQS News ID: | 2085461 |
End of News | EQS News Service |
|
2085461 12.02.2025 CET/CEST
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.