Information  X 
Enter a valid email address

Johnson Matthey PLC (JMAT)

  Print          Annual reports

Wednesday 25 May, 2022

Johnson Matthey PLC

Johnson Matthey expands presence in green hydrogen

RNS Number : 7878M
Johnson Matthey PLC
25 May 2022
 
Johnson Matthey expands presence in green hydrogen with stake in AEM electrolyser pioneer Enapter

 

25 May 2022

 

Today, Johnson Matthey, a global leader in sustainable technologies, enters into a strategic partnership with Enapter, a pioneer and commercial leader in AEM electrolysis. AEM is a next generation electrolyser technology that promises to drive down the cost of green hydrogen towards a point where it becomes competitive with fossil fuels.

 

The partnership will include collaborating on the joint development of advanced components for Enapter's AEM stacks. Specialised catalysts will also be supplied, recognising Johnson Matthey's undisputed expertise in catalysis.

 

As part of the partnership, JM will invest €20m (representing 4.31%) in Enapter. 

 

Both companies are committed to supporting the transition to net zero by accelerating the development of AEM electrolysis. Enapter's highly efficient standardised and modular AEM electrolysers allow green hydrogen production from kW to MW scale at lower associated costs for various applications, including electricity storage (residential and industrial), production of synthetic gas or methane (power-to-gas), mobility (hydrogen refuelling and e-fuels) and industrial use.

 

Johnson Matthey and Enapter will jointly investigate opportunities for the recycling of production scraps and components from end-of-life products, recognising Johnson Matthey's competitive advantage in offering closed loop solutions.

 

Liam Condon, CEO of Johnson Matthey, said: "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. Working with Enapter is a great opportunity for us to accelerate and further expand in green hydrogen and deliver on our vision for a cleaner, healthier world."

 

Sebastian-Justus Schmidt, Founder and CEO of Enapter, said: "Rapid growth and scaling of our technology lies at the core of our mission to drive down the cost of green hydrogen.  This partnership recognises Johnson Matthey's pioneering work in material chemistry and its industrialisation, and enables us to continue enhancing the efficiency and performance of our products to deliver on the promise of clean energy for all."  

 

 

ENDS

Johnson Matthey is a global leader in sustainable technologies that enable a cleaner and healthier world. With over 200 years of sustained commitment to innovation and technological breakthroughs, we improve the performance, function and safety of our customers' products. Our science has a global impact in areas such as low emission transport, energy, chemical processing and making the most efficient use of the planet's natural resources. Today about 15,000 Johnson Matthey professionals collaborate with our network of customers and partners to make a real difference to the world around us. For more information, visit www.matthey.com

Inspiring science, enhancing life

 

For further information

 

Investor Relations

Martin Dunwoodie  Director of Investor Relations  0207 269 8241

Louise Curran  Senior Investor Relations Manager  0207 269 8235

Carla Fabiano  Senior Investor Relations Manager  0207 269 8004

Media

[email protected]

0207 269 8001

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
AGREAESSASDAEFA

a d v e r t i s e m e n t