Johnson Matthey to invest EUR 20m in electrolyser maker Enapter

British speciality chemicals and sustainable technologies company Johnson Matthey Plc (LON:JMAT), or JM, will invest EUR 20 million (USD 21.3m) in electrolysers maker Enapter AG (ETR:H2O) as part of a new strategic partnership between the two.

JM is taking part in an ongoing capital increase at Enapter that will provide it with a 4.31% interest.

Enapter is a manufacturer of modular Anion Exchange Membrane (AEM) electrolysers used for the production of green hydrogen from kilowatt to megawatt scale. Under the partnership, the company and its new investor will conduct joint research and development for advanced materials and components for AEM electrolysers in a drive to step up production scale-up at Enapter and achieve ongoing continuous performance improvements.

Already, Enapter carries out series production of its devices at a site in Pisa, Italy, and in the meantime is building a factory for mass production in Saerbeck, Germany. From next year, the company expects to build up an annual production capacity of 120,000 electrolysers at the new campus that will run solely on renewable power.

"Our ambition is to become the global leader in green hydrogen technologies and to diversify our technology base in this booming market, both in the electrolyser and fuel cell markets. This strategic partnership is at the heart of our strategy as we focus our resources on growth areas targeted at climate change solutions,” commented Liam Condon, CEO of JM.

The two partners will also explore options for the reprocessing and recycling of production waste and end of -life components and devices.

(EUR 1.0 = USD 1.066)

Choose your newsletter by Renewables Now. Join for free!