|
EQS-News: Enapter AG
/ Key word(s): Market Launch/Miscellaneous
CORPORATE NEWS Wolong Enapter Joint Venture starts series production of AEM megawatt electrolyzer
Hamburg, October 11, 2024. Wolong Enapter Hydrogen Technologies Ltd, a Joint Venture of Enapter AG (ISIN: DE000A255G02) and Wolong Group (ISIN: CNE000001BJ3) from China, have presented the first megawatt-class AEM electrolyzer produced in Shangyu, China. The completion and presentation of this 1 MW electrolyzer in Shangyu marks the beginning of the Joint Venture’s series production of AEM Nexus electrolyzer for the Chinese market. Wolong Enapter Hydrogen Technologies Ltd has already signed several memoranda of understanding (MoU) for the AEM Nexus with companies in China – among them, Concord New Energy, which wants to start a pilot project in 2025, as well as the largest Chinese steel manufacturer, Baowu Steel. Baowu Steel plans to further expand its existing green hydrogen production to drive forward the decarbonisation of its processes even more strongly. Dr. Jürgen Laakmann, CEO Enapter AG: “The start of series production of AEM megawatt electrolyzer for the Chinese market is an important step in our expansion strategy. Thanks to our Joint Venture with Wolong, we are ideally positioned to capitalize on the growing market potential in the Chinese green hydrogen sector and continue to drive Enapter’s dynamic growth.” Pang Xinyuan, Chairman of Wolong Electric Group: “With Enapter, we have a strong partner at our side to further advance the establishment of green hydrogen in China. In a very short space of time, we were able to jointly develop this megawatt electrolyzer and convince the first potential customers in China of Enapter's AEM technology. We look forward to further cooperation and already have a well-filled pipeline.”
About Enapter Enapter is the market leader in AEM Electrolyzer – innovative devices that produce green hydrogen. The company’s patented and proven Anion Exchange Membrane (AEM) technology eliminates the need for expensive raw materials such as iridium and delivers maximum output from fluctuating renewable energies. The electrolyzers’ unique modular design enables rapid piloting and scaling of green hydrogen solutions as well as highly efficient production. Thousands of Enapter AEM Electrolyzer are already in use by over 360 customers in more than 55 countries in the fields of energy storage, industrial applications, refueling, power-to-x and research. The Enapter Group is headquartered in Germany and has an R&D and production site in Italy. Enapter AG (H2O) is listed on the regulated market of the Frankfurt and Hamburg stock exchanges, ISIN: DE000A255G02. Further information: Website: https://www.enapter.com Financial press contact: Ralf Droz / Doron Kaufmann
11.10.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
| Language: | English |
| Company: | Enapter AG |
| Glockengießerwall 3 | |
| 20095 Hamburg | |
| Germany | |
| E-mail: | info@enapterag.de |
| Internet: | www.enapterag.de |
| ISIN: | DE000A255G02 |
| WKN: | A255G0 |
| Listed: | Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 2006985 |
| End of News | EQS News Service |
|
|
2006985 11.10.2024 CET/CEST
P R O D U C T S U G G E S T I O N S
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.
