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MAN Energy Solutions (MAN ES) has announced that it will invest up to EU€500mn (approximately US$555mn) in H-TEC SYSTEMS, a subsidiary of the company, in order to transform the specialist into a mass-producer of PEM electrolysers
Uwe Lauber, CEO of MAN ES, commented, “Our plan is clear. We are transforming H-TEC SYSTEMS into one of the world's leading players in the field of PEM electrolysis. Over the next five to ten years, green hydrogen will become one of the most important primary energy sources for the global economy as it continues to decarbonise. With PEM electrolysis, H-TEC SYSTEMS has mastered one of the most important processes for industrially scaled hydrogen production from renewable energy sources.
“The technology is mature and has already been placed on the market successfully. The next step is therefore to scale and set up highly automated serial production – and we would like to make rapid progress with this.”
Chairman of the supervisory board of MAN ES and member of the board of Volkswagen AG, Gunnar Kilian, said, “On the path toward achieving climate neutrality, hydrogen plays a key role for sectors such as international shipping or industrial processes in which direct electrification is not possible. It is therefore essential for our subsidiary MAN Energy Solutions to continue to strengthen its strategic position in the future market for power-to-X technology and synthetic fuels with investment in hydrogen production. Only by coordinating our efforts will we achieve our shared objective of climate neutrality. MAN Energy Solutions is playing an important role in this regard.”
H-TEC SYSTEMS is already successful on the market with solutions for the electrolysis of hydrogen and offers its customers integrated container solutions in the megawatt range. The specialist is restructuring its management team to implement the growth strategy.