Thyssenkrupp Nucera Projects Lower 2026 Sales Amid Tougher Global Green Hydrogen Market

Thyssenkrupp Nucera, one of the world’s leading suppliers of green hydrogen electrolysers, has announced that it expects significantly lower sales in 2026 as the global hydrogen market faces increasing challenges and delays in major investment decisions.

The company, majority-owned by Thyssenkrupp AG in Germany, now forecasts revenues of €500–600 million for the fiscal year beginning in October — a drop of up to 41% compared with the €845 million generated last year. The revised outlook is also well below market expectations.

CEO Werner Ponikwar said the global green hydrogen market became “even more challenging” this year, with investors holding back on final investment decisions and broader economic conditions slowing momentum. He added that the company has already taken “proactive measures” to navigate this period of uncertainty.

On an operating level, Thyssenkrupp Nucera expects results ranging from a €30 million loss to break even in 2026, compared with a small €2 million profit this year. This also falls short of analyst forecasts.

Following the announcement, the company’s Frankfurt-listed shares fell 5.5% as markets reacted to the updated guidance.

Despite the temporary slowdown, Thyssenkrupp Nucera remains a key global player in the clean energy transition, supplying advanced water electrolysis systems essential for producing renewable green hydrogen — a critical solution for achieving net-zero targets in heavy industry, transport and energy systems worldwide.