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ElringKlinger and Plastic Omnium launch new joint venture

ElringKlinger and Plastic Omnium launch new joint venture

A newly-launched German company is promising cost-competitive fuel cell stacks and components for a broad range of applications.

A joint venture between ElringKlinger and Plastic Omnium, EKPO Fuel Cell Technologies is already able to produce up to 10,000 stacks per year according to automotive industrial standards.

The two companies yesterday (1st March) announced the launch of EKPO, stating it hopes to drive investment for accelerating innovation, extending the commercial pipeline and increasing production capacity, with the aim to achieve a market share of 10-15% in 2030.

“We are pleased that business is now underway. We see tremendous market potential ahead of us and are determined to achieve our revenue target of € 700m to € 1bn in 2030,” said Dr. Stefan Wolf and Laurent Favre, CEO’s of ElringKliner and Plastic Omnium.

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