17.12.2020 ElringKlinger AG  DE0007856023

DGAP-News: ElringKlinger to supply 68 fuel cell short stacks to research consortium


 

DGAP-News: ElringKlinger AG / Key word(s): Miscellaneous
ElringKlinger to supply 68 fuel cell short stacks to research consortium

17.12.2020 / 13:14
The issuer is solely responsible for the content of this announcement.


ElringKlinger to supply 68 fuel cell short stacks to research consortium

To underpin the revision required to the ISO standard for the quality of hydrogen dispensed at fueling stations, ElringKlinger will be supplying a total of 68 fuel cell short stacks by the end of 2022 to a research consortium made up of several leading institutes in Germany. The stacks are to be used as part of a three-year research project at the ZSW's testing facilities in Ulm.

Dettingen/Erms (Germany), December 17, 2020 +++ The fuel cell will play a key role in the transformation of mobility. Estimates suggest that, by 2030, more than 5 million fuel cell vehicles around the globe will need filling with hydrogen. There are plans to build 400 hydrogen fueling stations by 2025 in Germany alone.

To deliver the underlying data on which to base a revision of the ISO standard governing the quality of the hydrogen dispensed at these stations, Duisburg-based Zentrum für BrennstoffzellenTechnik GmbH (ZBT) is coordinating the "H2Fuel" research project. This involves deploying fuel cell stacks at testing facilities run by the Center for Solar Energy and Hydrogen Research Baden-Württemberg (ZSW). As part of the project, which is funded by the German government via the National Organisation Hydrogen and Fuel Cell Technology (NOW), ZBT is partnering with the Fraunhofer Institute for Solar Energy Systems in Freiburg, the ZSW in Ulm, Ludwig-Bölkow-Systemtechnik GmbH in Ottobrunn, and the Institute for Physical Chemistry at Heinrich Heine University Düsseldorf. Mercedes-Benz FuelCell, Toyota, BMW, and Ford are also on board as associate partners.

To enable the project to come to fruition, ElringKlinger AG will be supplying a total of 68 fuel cell short stacks to the research consortium by the end of 2022. The stacks will be put through their paces at the ZSW's testing facilities in Ulm over a three-year period. Short stacks have only a small number of cells, which are being designed to have a lower power output than usual for the purpose of the tests. The contract also covers membrane electrode assemblies (MEA), where the electrochemical reaction takes place. The first stacks will be delivered as early as the beginning of 2021.

Dr. Stefan Wolf, CEO of ElringKlinger AG, commented: "For us, the fact that ElringKlinger's fuel cell stacks have been chosen to deliver the underlying scientific data that will inform everyday use is further proof of how pioneering our best-in-class technology really is. We'll be delighted if our stacks help to gain valuable insights into hydrogen quality in fueling stations as part of this project."

Over the course of the tests, the "H2Fuel" project is planning to expose the stacks to various stress situations relating to hydrogen use in order to establish new technically and economically appropriate limits for hydrogen quality. This is because the quality requirements that the hydrogen to be used has to meet will have a material impact on how much it will cost and how long the fuel cells will last. For this reason, the project is also aiming to quantify how contaminants in the hydrogen could potentially impact on the performance and service life of the MEA and to use this as a basis for determining requirements for hydrogen purity. Building on the research findings obtained from "H2Fuel," the intention is for Germany's network of hydrogen fueling stations to play a pioneering role in the application of sound, practicable standards.

For further information, please contact:
ElringKlinger AG | Strategic Communications
Dr. Jens Winter
Max-Eyth-Straße 2 | D-72581 Dettingen/Erms
Phone: +49 7123 724-88335 | E-mail: [email protected]

About ElringKlinger AG
As an automotive supplier, ElringKlinger has become a trusted partner to its customers - with a firm commitment to shaping the future of mobility. Whether optimized combustion engines, high-performance hybrids, or environmentally-friendly battery and fuel cell technology, ElringKlinger provides innovative solutions for all types of drive system. ElringKlinger's lightweighting concepts help to reduce the overall weight of vehicles. As a result, vehicles powered by combustion engines consume less fuel and emit less CO2, while those equipped with alternative propulsion systems benefit from an extended range. In response to increasingly complex combustion engine technology, the Group also continues to refine and evolve its offering within the area of seals and gaskets in order to meet the highest possible standards. This is complemented by solutions centered around thermal and acoustic shielding technology. Additionally, the Group's portfolio includes products made of the high-performance plastic PTFE, which is also marketed to industries beyond the automotive sector. These efforts are supported by a dedicated workforce of around 10,000 people at 45 ElringKlinger Group locations around the globe.



17.12.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: ElringKlinger AG
Max-Eyth-Straße 2
72581 Dettingen/Erms
Germany
Phone: 071 23 / 724-0
Fax: 071 23 / 724-9006
E-mail: [email protected]
Internet: www.elringklinger.de
ISIN: DE0007856023
WKN: 785602
Listed: Regulated Market in Frankfurt (Prime Standard), Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Tradegate Exchange
EQS News ID: 1156012

 
End of News DGAP News Service

1156012  17.12.2020 

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EBITDA1,2 222,80 231,25 238,39 196,65 180,91 181,46 225,00
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ElringKlinger
WKN Kurs in € Einschätzung Börsenwert in Mio. €
785602 13,350 - 845,86
KGV 2022e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
18,04 18,68 0,99 15,14
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1,09 3,88 0,57 8,11
Dividende '19 in € Dividende '20e in € Div.-Rendite '20e
in %
Hauptversammlung
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Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
06.05.2021 05.08.2021 04.11.2021 30.03.2021
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-10,76% -3,16% -15,72% 133,80%
    
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