Thyssenkrupp Nucera: we have Plan B should U.S. market fail to materialise

thyssenkrupp nucera AG & Co KgaA

13/02/2024 09:56

FRANKFURT, Feb 13 (Reuters) - Thyssenkrupp Nucera
 NCH2.DE  remains optimistic about hydrogen in the United States
even if a Republican candidate should win this year's election,
its CEO said, adding that the group had alternative plans should
the market fail to deliver.
    Werner Ponikwar, speaking to journalists after presenting
solid first-quarter results, said that most of the hydrogen
projects currently under development were located in regions or
states that were typically more conservative.
    "This also speaks in favour of the fact that stability is
likely to be maintained even if there is a change of
government," Ponikwar said, adding that the Inflation Reduction
Act, which includes support clauses for hydrogen, had enjoyed
bipartisan backing.
    Asked on how a potential election of Donald Trump as U.S.
president could potentially impact local regulation, Ponikwar
said that even if the U.S. market failed to materialise as
expected the company had a "plan B, C, D and E".
    This, Ponikwar said, included seeking growth in other
regions, for example the Middle East and Australia, where the
company would double down in such a scenario.

 (Reporting by Christoph Steitz, Editing by Rachel More)
 ((christoph.steitz@thomsonreuters.com; +49 30 220 133 647;))