RCS - Enapter AG - Entry of a strategic investor

Johnson MattheyAnnouncement

25/05/2022 15:30

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RNS Number : 8025M  Enapter AG  25 May 2022

PRESS RELEASE

Enapter enters strategic partnership with Johnson Matthey as new partner
invests 20 Million Euros in ongoing capital increase

 

- Johnson Matthey invests EUR 20 million in Enapter as part of the ongoing
capital increase

- Strategic partnership offers synergies for accelerated scaling of AEM
technology

- Joint development planned to increase performance and reduce costs

Berlin, 25 May 2022. Enapter AG (ISIN:DE000A255G02) announces a strategic
partnership with Johnson Matthey. At the same time, Johnson Matthey has
invested 20 million euros in Enapter as part of the ongoing capital increase
(see announcements of 06 and 07 April 2022) and will thus hold more than 3% of
Enapter AG. Enapter's strategic partnership with the global specialty
chemicals company and market leader in environmental technologies includes
joint research and development for advanced materials and components for AEM
Electrolysers. The aim is to accelerate production scale-up at Enapter and to
achieve ongoing continuous improvements in the performance of AEM
Electrolysers.

Enapter is currently constructing a plant for mass production of AEM
Electrolysers in Saerbeck (NRW), Germany. At present, the devices are already
made in series production at its plant in Pisa, Italy. From 2023, the company
expects to build up a production capacity of 120,000 electrolysers per year at
the Enapter Campus in Saerbeck. The now concluded partnership will
significantly accelerate this targeted scaling of production capacity.

Enapter's goal is to develop the new campus on the principals of circular
economy, without any negative impact on the environment during operation. For
example, the site will run all of its production on 100% on renewable energy,
without connection to the grid. Further, Enapter and Johnson Matthey will
jointly explore options for the reprocessing and recycling of production waste
and end of -life components and devices.

"Our mission is clear: we want to make green hydrogen cheaper than fossil
fuels to enable the energy transition at the scale needed. We are pleased to
be working with Johnson Matthey to make our contribution towards a cleaner
planet. Johnson Matthey's extensive knowledge and capabilities will help us
make our production better, faster and cheaper - because that is what the
world needs now," says Sebastian-Justus Schmidt, founder and CEO of Enapter.

Liam Condon, CEO of Johnson Matthey, said: "This investment and 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 further expand in green hydrogen and deliver on
our vision for a cleaner, healthier world."

Both companies are firmly committed to supporting the transition to zero
emissions production (Net Zero) across the entire process chain for highly
efficient yet standardised AEM electrolysers. These will enable the production
of green hydrogen from the kilowatt range up to large-scale megawatt plants at
the lowest cost for a wide range of applications.

Enapter was advised on this transaction by investment bank Bryan, Garnier
& Co.

About Enapter

Enapter is an innovative energy technology company that manufactures highly
efficient hydrogen generators - known as electrolysers - to replace fossil
fuels and thus drive the global energy transition. Their patented and proven
Anion Exchange Membrane (AEM) technology enables the mass production of
cost-effective plug-&-play electrolysers for green hydrogen production at
any scale. Their modular systems are already used in 47 countries across the
energy, mobility, industrial, heating and telecommunications sectors. Enapter
has subsidiaries in Europe, the USA and Asia.

Enapter AG is listed on the regulated market of the Frankfurt and Hamburg
stock exchanges, (WKN: A255G0 ISIN:DE000A255G02)

About Johnson Matthey

Johnson Matthey is a global leader in sustainable technologies that enables 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, 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 (http://www.matthey.com/)

Inspiring science, enhancing life

Further Information on Enapter

Website: https://www.enapter.com

Twitter: https://twitter.com/Enapter_

Linkedin: https://www.linkedin.com/company/enapter/

Facebook: https://www.facebook.com/enapterenergystorage

Enapter Media Contact:

Ralf Droz / Doron Kaufmann

edicto GmbH

Tel.: +49 (0) 69 90 55 05-54

E-Mail: enapter@edicto.de (mailto:enapter@edicto.de)

 

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