MAN Energy Solutions has announced its acquisition of almost 99% of the shares in H-TEC SYSTEMS, the manufacturer of PEM electrolysers based in Augsburg, Germany. Subject to approval by the competition authorities, MAN Energy Solutions has acquired the shares of the previous majority shareholder, GP JOULE, adding to the 40% stake it previously took in the company in 2019. The remaining shares are currently in free float.
H-TEC SYSTEMS was founded in 1997 and has over 20 years of experience in hydrogen development and research. At production sites in Schleswig-Holstein and Bavaria, Germany, stacks and electrolysers in the megawatt class based on the polymer-electrolyte membrane process (PEM) are developed by 60 specialists to cover the hydrogen demand for both industrial hydrogen applications and electricity conversion. The H-TEC SYSTEMS electrolysers already make effective sector coupling possible today.
MAN Energy Solutions is also a forerunner in Power-to-X technology, which enables green hydrogen to be converted into climate-neutral fuels. In 2013, the company commissioned the methanation reactor for Europe's first and for a long time most powerful Power-to-Gas plant on a 6 MW scale for Audi AG. Since then, MAN has consistently developed PtX technology and offers turnkey plants with a capacity of 50 MW and more today.