May 18, 2022

Enapter AG takes major step towards mass production with new AEM EL 4.0 electrolyser

DGAP-News: Enapter AG / Key word(s): Product launch

Enapter AG takes major step towards mass production with new AEM EL 4.0 electrolyser

01.03.2022 / 10:00
The issuer is solely responsible for the content of this announcement.

PRESS RELEASE

Enapter AG takes major step towards mass production with new AEM EL 4.0 electrolyser

Cleantech company Enapter makes green hydrogen affordable and available for decarbonizing energy, mobility, industry and buildings

– EL 4.0 product innovation as a major step from current mass production to mass production

– Already 400 orders before product launch

– New generation of devices much more compact, lighter and affordable

– Current backlog of approximately €11 million – Sales pipeline of €260 million

Berlin, March 1, 2022 – Enapter AG (ISIN: DE000A255G02) announces the production of the fourth generation of its patented AEM electrolyser. The EL 4.0 marks a milestone from existing series production to mass production of electrolysers from 2023. The EL 4.0 is more compact, lighter and less expensive than its predecessor. For example, the dimensions have been reduced by 4.5 cm and the weight from 17 kg to now 38 kg. Thanks to its compact design and simple installation, the EL 4.0 is suitable for almost any green hydrogen application imaginable. At the same time, the modular design allows any number of units to be connected in series as needed to produce the desired amount of green hydrogen. The latest AEM electrolyser can be used extremely flexibly in a wide range of conditions worldwide: it can operate with direct and alternating current and is available in water-cooled and air-cooled variants.

Deliveries of the EL 4.0 will begin in the second half of 2022. Even before the official market launch, there are over 400 customer orders for the new device. Currently, the total order book for this year already exceeds 8 million euros. Around 2.3 million additional euros have already been contractually agreed for 2023. The sales pipeline is well filled with expressions of interest from potential customers. Current customer demands amount to around 260 million euros. A year ago, customer requests still amounted to around 20 million euros.

“Our EL 4.0 is the next cornerstone in achieving our mission to replace fossil fuels with green hydrogen,” says Sebastian-Justus Schmidt, Founder and CEO of Enapter. “The EL 4.0 allows us to ramp up production and quickly enter mass production, ensuring rapid availability of green hydrogen in many projects.”

The EL 4.0 is the fourth generation of patented AEM chlorinators that Enapter has been developing since 2017. The units available are ISO 22734 certified. Enapter follows a plug-and-play strategy, allowing chlorinators to be interconnected to produce the appropriate amount of green hydrogen on site, depending on the desired application and green energy resources.

About Enapter

Enapter is an innovative energy technology company that manufactures highly efficient hydrogen generators – called electrolyzers – to replace fossil fuels, driving the energy transition globally. Patented and proven Anion Exchange Membrane (AEM) technology enables mass production of cost-effective plug-and-play green hydrogen electrolyzers at any scale. The modular systems are already in use in 44 countries in the energy, mobility, industry, heating and telecommunications sectors. Enapter has subsidiaries in Italy, Germany, Thailand and Russia.

Enapter AG is listed on the regulated market of the Frankfurt and Hamburg stock exchanges, WKN: A255G0.

Further information :

Website: https://www.enapter.com
Twitter: https://twitter.com/Enapter_
LinkedIn: https://www.linkedin.com/company/enapter/
Facebook: https://www.facebook.com/enapterenergystorage

Contact the economic and financial press:

Ralf Droz / Doron Kaufman
edicto GmbH
Phone. : +49 (0) 69 90 55 05-54
Email: [email protected]

01.03.2022 Dissemination of a Corporate News, transmitted by the DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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