REG - Johnson Matthey PLC - Johnson Matthey expands presence in green hydrogen

Johnson MattheyAnnouncement

25/05/2022 13:30

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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 (http://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

jmpr@matthey.com

0207 269 8001

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