Cepsa Selects thyssenkrupp nucera as Preferred Supplier of a 300-MW
Electrolyzer for Green Hydrogen Plant in Spain

EQS-Media / 13.05.2024 / 11:07 CET/CEST

Cepsa Selects thyssenkrupp nucera as Preferred Supplier of a 300-MW
Electrolyzer for Green Hydrogen Plant in Spain

  * thyssenkrupp nucera has received an award to provide a basic engineering
    design package, utilizing scalum® modules, for a new green hydrogen
    plant

  * Integration of a 300-MW electrolyzer featuring alkaline water
    electrolysis technology into the first phase of Cepsa's green hydrogen
    project in southern Spain, located at its energy park in Huelva

  * Cepsa's selection of thyssenkrupp nucera as a preferred supplier
    represents an important step for the development of the Cepsa-led
    Andalusian Green Hydrogen Valley in southern Spain, one of the largest
    projects of its kind in Europe

  * thyssenkrupp nucera's technology to produce green hydrogen is about to
    be used again in a gigawatt electrolysis plant

Dortmund / Rotterdam, 13 May, 2024 - thyssenkrupp nucera is the preferred
supplier of a
300-megawatt (MW) electrolyzer for Cepsa's green hydrogen plant in Spain.
Under an agreement announced at the World Hydrogen Summit in Rotterdam, the
Spanish energy company Cepsa has awarded the electrolyzer specialist a
contract to provide a basic engineering design package. thyssenkrupp nucera,
one of the world's leading supplier of high-efficiency alkaline water
electrolysis technology, will assist in the design and engineering of the
facility through to the Final Investment Decision (FID). The project will
use 15 of thyssenkrupp nucera's standardized scalum® electrolyzer units with
a capacity of 20 MW each.

The first phase of the project is a green hydrogen production plant at
Cepsa's La Rábida Energy Park in Palos de la Fronter (Huelva) as part of
their partnership with Fertiberia. With a production up to 47,000 tons green
hydrogen per year, it will form part of Cepsa's wider plans to develop 2
gigawatt of green hydrogen capacity in southern Spain by 2030. "We are very
pleased to be working with an innovative partner to create one of the
largest hydrogen valleys in Europe and to contribute to Cepsa's path to a
gigawatt capacity," says Dr. Werner Ponikwar, CEO of thyssenkrupp nucera.

Cepsa is developing the Andalusian Green Hydrogen Valley as part of an
ecosystem of European alliances, Europe's largest green hydrogen hub to be
developed. The company is one of the first movers in the creation of a green
hydrogen economy in Spain, forging partnerships for a value chain that can
scale up as demand grows. As part of this new market, there will be
opportunities to develop assembly capability for electrolysis equipment in
Spain, generating employment and protecting Europe from exposure to
shortages of key equipment and long lead times from competitive markets.

"This is a decisive step in our Positive Motion Strategy as we move to
become a leading producer of green hydrogen, developing vitally needed clean
energy solutions for industry and heavy transport in Spain and across
Europe. Our aimed work with thyssenkrupp nucera brings together leading
European businesses to create a European green hydrogen supply chain and
accelerate decarbonization across the continent," says Carlos Barrasa,
Cepsa's Executive Vice President of Commercial and Clean Energies.

The green electricity required for the production process is to come from
solar and wind energy, which is plentiful in southern Spain, making it one
of the most competitive places in Europe for green hydrogen production. The
region also has access to strategic ports, forming the basis for the
maritime corridor that Cepsa has set up with partners to transport the
hydrogen between southern and northern Europe, ensuring decarbonization
solutions across the continent.

"thyssenkrupp nucera's alkaline water electrolysis developed with our
engineer's industrial DNA is again the key to transform renewable energy
into green hydrogen to decarbonize hard to abate industries. This project
with Cepsa once again demonstrates the strong confidence of leading
industrial players in our technology," says Dr. Christoph Noeres, Head of
Green Hydrogen of thyssenkrupp nucera.

thyssenkrupp nucera's technology will be used for important green hydrogen
projects over the globe. For example, the electrolysis specialist is
supplying scalum® modules with a total capacity of more than 700 MW for the
green steel plant of H2 Green Steel in Sweden. Air Products in Saudi Arabia
will use thyssenkrupp nucera's electrolyzer units for its
more-than-2-gigawatt electrolysis plant at Neom in Saudi Arabia. Currently,
thyssenkrupp nucera is supplying over 3 gigawatts of electrolyzer capacity.

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Media inquiries:

Cepsa
Communications
Phone: +34 91 337 60 00
E-Mail: medios@cepsa.com

     thyssenkrupp nucera
     Dr. Marcel Kleifeld
     Senior External Communications Manager
     Phone: +49 231 22972 4361
     E-Mail: (1)marcel.kleifeld@thyssenkrupp-nucera.com

1. mailto:marcel.kleifeld@thyssenkrupp-nucera.com
Investor inquiries:

     thyssenkrupp nucera
     Dr. Hendrik Finger
     Leiter Investor Relations
     Phone: +49 231 229 724 347
     E-Mail: (1)hendrik.finger@thyssenkrupp-nucera.com

1. mailto:hendrik.finger@thyssenkrupp-nucera.com
About Cepsa:

Cepsa is a leading international company committed to sustainable mobility
and energy with a solid technical experience after more than 90 years of
activity. The company also has a world-leading chemicals business with
increasingly sustainable operations. Under its Positive Motion strategic
plan for 2030, Cepsa aims to be a leader in sustainable mobility, biofuels,
and green hydrogen in Spain and Portugal, and to become a benchmark in the
energy transition. The company places customers at the heart of its business
and will work with them to help them achieve their decarbonization
objectives. ESG criteria inspire everything Cepsa does as it advances toward
its net positive objective. Over the course of this decade, it will reduce
Scope 1 and 2 CO2 emissions by 55% and the carbon intensity index of energy
products sold by 15-20% versus 2019, with the goal of achieving net zero
emissions by 2050.


About thyssenkrupp nucera:

thyssenkrupp nucera offers world-leading technologies for high-efficiency
electrolysis plants. The company has extensive in-depth knowledge in the
engineering, procurement, and construction of electrochemical plants and a
strong track record of more than 600 projects with a total rating of over 10
gigawatts already successfully installed. With its water electrolysis
technology to produce green hydrogen, the company offers an innovative
solution on an industrial scale for green value chains and an industry
fueled by clean energy - a major step towards a climate-neutrality.
thyssenkrupp nucera successfully made an IPO in July 2023 and is a member of
the SDAX of the Frankfurt Stock Exchange since September 2023.

www.thyssenkrupp-nucera.com


End of Media Release

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Issuer: thyssenkrupp nucera AG & Co. KGaA
Key word(s): Enterprise

13.05.2024 CET/CEST Dissemination of a Press Release, transmitted by EQS
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1901501 13.05.2024 CET/CEST