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MAN Energy Solutions continues to invest in hydrogen

MAN Energy Solutions continues to invest in hydrogen

MAN Energy Solutions is continuing to invest in hydrogen through the acquisition of almost 99% of the shares in H-TEC SYSTEMS, a Germany-based manufacturer of PEM electrolysers.

Announcing the acquisition today (15th Jan), MAN Energy said that subject to approval by the competition authorities, it will acquire the shares of the previous majority shareholder GP JOULE, adding to the 40% stake it previously took back in 2019.

Dr. Uwe Lauber, CEO of MAN Energy Solutions, said, “Green hydrogen is becoming an incredibly important natural resource on our journey to becoming a climate-neutral global economy.”

“With the acquisition of H-TEC SYSTEMS, from now on we will cover all processing steps of the hydrogen economy under the umbrella of MAN Energy Solution. By doing so, we are strategically investing in our expertise as tomorrow’s provider of sustainable energy solutions and providing H-TEC SYSTEMS with complete access to our resources and sales networks at the same time.”

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