MAN Energy Solutions is replacing GP JOULE as the main owner of H-TEC SYSTEMS

Augsburg, June 16, 2021 – MAN Energy Solutions is increasing their share in H-TEC SYSTEMS to almost 99 percent. The acquisition of the shares, which will remain held in free float, has been agreed.

MAN Energy Solutions already gained a 40% stake in the company in 2019. The now-completed acquisition of the shares from the previous majority shareholder, GP JOULE, was already agreed in the past year. The parties have agreed not to disclose the price of the acquisition. The now-complete transaction was, until now, subject to approval by the competition authorities. 

GP JOULE, the Schleswig-Holstein-based group which operates in the renewable energies sector, acquired H-TEC SYSTEMS in 2010. Frank Zimmermann, spokesman for the board of management at H-TEC SYSTEMS, thanked them for their successful collaboration in recent years: "GP JOULE recognized the potential of H-TEC SYSTEMS at an early stage, and placed their trust in green hydrogen for a future with renewable energies. This leading edge can be seen in our leading electrolysers." 

MAN Energy Solutions and H-TEC SYSTEMS will drive the industrialization of electrolysis forwards

With the acquisition, MAN Energy Solutions is completing their range across the hydrogen value chain and is further aligning their business towards a range of solutions for decarbonization: "Starting with extraction and transport, right through to the use of climate-neutral energy, we offer our customers solutions for using green hydrogen, and are therefore strongly positioned in one of the most important future markets," says Dr. Uwe Lauber, Chief Executive Officer at MAN Energy Solutions.

Together with the management team at H-TEC SYSTEMS, MAN Energy Solutions wants to drive forward the large-scale industrial scaling of electrolysis. "Today, H-TEC SYSTEMS offers electrolysers in the megawatt range," says Lauber. "The objective now is to prepare the company for serial production because green hydrogen is going to become a mass market."

H2 and Power-to-X technology pioneers 

H-TEC SYSTEMS was founded in 1997 and has over 20 years of experience in hydrogen development and research. The specialists in locations such as Bavaria and Schleswig-Holstein produce stacks and megawatt electrolysers based on the polymer-electrolyte membrane process (PEM) to cover the hydrogen demand for industry as well as for energy refiners. 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.

Image: © H-TEC SYSTEMS

More News

The high level of interest shown by visitors at the "H2.0 Conference" as part of "HUSUM Wind" demonstrates the current relevance of green hydrogen for applications in industry, e-mobility and regional sector integration. The next upcoming events where you can inform yourself about H-TEC SYSTEMS…

... more

all news

Augsburg, September 7, 2021 - H-TEC SYSTEMS, specialist in the technology for producing green hydrogen, is supplying a PEM electrolysis system as the technological core for a new project with Wenger Engineering GmbH. The H-TEC SYSTEMS ME450/1400 PEM Electrolyser with one megawatt of electrical power…

... more

all news

Climate targets can only be achieved through the widespread use of hydrogen - that is the conclusion of a recent study by the Fraunhofer Institutes ISI, ISE and IEG. "The needs in industry, transport and the heating sector are significantly higher than previously expected by policymakers," explained Katherina Reiche, chairwoman of the German National Hydrogen Council, in the final report. ... more

all news

A growing number of companies are discovering the potential of green hydrogen across a wide range of applications. Lively discussions on the potential applications were also held during the recent visit by Herbert Diess and Gunnar Kilian, Volkswagen AG, to our Augsburg plant. ... more

all news

Wind energy is now being converted into green hydrogen in Haurup, where it can be fed directly into the gas grid. After a successfully completed test phase, the plant has now started regular operation. The linking or "sector integration" of electricity generation with the consumption sectors of heat, mobility and the chemical industry, provides a crucial building block for the success of the energy transition. ... more

all news

As part of HANNOVER MESSE 2021, this year's Hydrogen + Fuel Cells EUROPE kicked off as a "Digital Edition" on April 12. The main topics at Europe's largest trade fair for hydrogen and fuel cells were the storage of renewably generated energy as well as mobile and stationary applications for fuel cells. In two forums, trade fair visitors had the opportunity to learn about new developments and possible applications of the technologies. ... more

all news

Augsburg, January 29, 2020 – Euromekanik AB is to deploy a PEM Electrolyser from H-TEC SYSTEMS for the Zero Emission Hydrogen Turbine Center (Project ZEHTC) in Sweden.

The Project ZEHTC (Zero Emission Hydrogen Turbine Center) in Finspång, Sweden will implement a H-TEC SYSTEMS ME 100/350 PEM…

... more

all news

Augsburg, 15 January, 2021 – 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. ... more

all news

Bosbüll, September 24, 2020 – The first hydrogen production facilities for the eFarm project have been successfully handed over to the customer: A milestone for the hydrogen infrastructure in North Fresia and for Germany as a technology centre. ... more

all news

Find out what will drive the energy industry of tomorrow: H-TEC SYSTEMS News

All News