MAN Energy Solutions is acquiring the majority of shares in the Augsburg, Germany-based electrolyzer manufacturer H-TEC Systems

The company is thereby increasing their share in H-TEC SYSTEMS to almost 99 percent. MAN Energy Solutions gained a 40% stake in the company in 2019.

With the acquisition, MAN Energy Solutions is completing their range across the hydrogen value chain and is further aligning their business towards a range of solutions for decarbonization: "Starting with extraction and transport, right through to the use of climate-neutral energy, we offer our customers solutions for using green hydrogen, and are therefore strongly positioned in one of the most important future markets," says Dr. Uwe Lauber, Chief Executive Officer at MAN Energy Solutions.

Together with the management team at H-TEC Systems, MAN Energy Solutions wants to drive forward the large-scale industrial scaling of electrolysis. "Today, H-TEC Systems offers electrolyzers in the megawatt range. The objective now is to prepare the company for serial production because green hydrogen is going to become a mass market," added the man from MAN.

H-TEC Systems was founded in 1997 and has over 20 years of experience in hydrogen development and research. The specialists in locations such as Bavaria and Schleswig-Holstein produce stacks and megawatt electrolyzers based on the polymer-electrolyte membrane process (PEM) to cover the hydrogen demand for industry as well as for energy refiners.

By Jake Frith