• SCHMID Group secures significant equipment order in the single-digit million Euro range from a leading global developer in the green hydrogen industry
• Company’s equipment to be delivered to one of the world’s largest factories producing green hydrogen via electrolysis
• Order marks entry into a new growth market for SCHMID Group
• Company on track to list on the NYSE in Q4’2023
FREUDENSTADT– SCHMID Group, a global solutions provider for the high-tech electronic, photovoltaics, glass, and energy systems industries, today announced a significant equipment order from a prominent player in the green hydrogen industry. The order, valued in the single-digit million Euro range, positions the Company as a key supplier to this fast-growing market.
SCHMID Group will supply equipment to one of the world’s largest electrolysis factories, which produces green hydrogen by splitting water into hydrogen and oxygen using renewable energy sources such as photovoltaic and wind power. Green hydrogen represents a key element in the journey towards clean fuels for a sustainable future.
As part of this order, SCHMID Group will provide four cutting-edge wet processing lines, which will be installed in the first half of 2024. These machines play an important role in manufacturing individual parts from stainless steel, subsequently assembled into stacks during further processing. These stacks, in turn, will be integrated into the electrolysers used for producing green hydrogen.
This recent equipment order comes as the latest in a string of orders over recent months for production equipment for fuel cells as well as electrolysers and position SCHMID Group as a leading player in this emerging high-growth market. It is also in line with SCHMID Group’s ESG strategy, leveraging its portfolio to enable a greener future. As a key partner in projects across various regions, including Africa, SCHMID Group is actively contributing to the global implementation of full solutions for green hydrogen manufacturing.
Christian Schmid, CEO of SCHMID Group: “We are proud to have been selected as a trusted partner for the green hydrogen industry. This marks our entry into a fast-growing market, starting from a strong position as a first mover across a range of high-tech industries and our pioneering role in leveraging photovoltaics within the green hydrogen industry. Our cutting-edge technology and commitment to sustainability align perfectly with the vision of customers in this sector.”
On May 31, 2023, SCHMID Group announced that it is planning to list on the New York Stock Exchange in the fourth quarter of 2023, through a business combination with Pegasus Digital Mobility Acquisition Corp.
About SCHMID Group
The SCHMID Group is a world-leading global solutions provider for the high-tech electronic, photovoltaics, glass, and energy systems industries, with its parent company Gebr. SCHMID GmbH is based in Freudenstadt, Germany. Founded in 1864, today it employs more than 800 staff members worldwide, and has technology centres and manufacturing sites in multiple locations including Germany and China, in addition to several sales and service locations globally. The Group focuses on developing customized equipment and process solutions for multiple industries including electronics, renewables and energy storage. Further information is available at: www.schmid-group.com.
Daniel Yunger / Knut Engelmann [email protected]
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