In Bulgaria, Renewables Now reported that German electrolysis technology company Thyssenkrupp Nucera reported a loss before interest and tax of $14.3 million in its green hydrogen segment for the first quarter of fiscal 2025/26, citing difficult market conditions.
The decline occurred mainly because a big portion of the income from Saudi Arabian green hydrogen production project NEOM have been recognised earlier, the company said.
“Even though the market environment remains challenging, we are seeing increasingly positive market momentum, particularly in the area of green hydrogen,” CEO Werner Ponikwar commented.
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