02.02.2023 ElringKlinger AG  DE0007856023

EQS-News: EKPO to develop and supply fuel cell stacks for a European OEM


 

EQS-News: ElringKlinger AG / Key word(s): Incoming Orders
EKPO to develop and supply fuel cell stacks for a European OEM

02.02.2023 / 11:00 CET/CEST
The issuer is solely responsible for the content of this announcement.


EKPO to develop and supply fuel cell stacks for a European OEM

  • EKPO secures contract for development of fuel cell stacks and supply of prototypes for future series production vehicle to be manufactured by a European car manufacturer
  • Development of customized stacks for OEM with high peak power in challenging design space
  • Initial contract volume in the mid-single-digit million euro range
  • Delivery of fuel cell stacks scheduled for as early as 2023

Dettingen/Erms (Germany), February 02, 2023 +++ EKPO Fuel Cell Technologies GmbH (EKPO) has secured a contract from a European car manufacturer for fuel cell stacks to be fitted to a future series production vehicle. The agreement includes the development of a custom-made stack for the global OEM's future mass-produced vehicle that is to be powered by a fuel cell. In addition to development work, the contract also covers the supply of prototypes and has an initial volume in the single-digit million euro range. Delivery of the stacks is scheduled to commence as early as 2023.

Asked to comment on the latest contract, Dr. Gernot Stellberger, Managing Director of EKPO Fuel Cell Technologies, said, "Our customer has exacting quality standards with regard to its vehicles and the associated production conditions. We are all the more delighted that we were able to present a compelling proposition based on our development and technological expertise." EKPO's stacks meet the challenging demands for a durable and compact design combined with high power density, offering the best combination currently available within the market. Achieving in excess of 6.0 kW/l in the cell block, the existing EKPO stack family is seen as a market benchmark. In addition, EKPO already has the necessary facilities at its headquarters in Dettingen/Erms to ensure production of up to 10,000 stacks per year in compliance with automotive standards. This makes EKPO a dependable and innovative partner. One thing is certain, as Dr. Stellberger points out: "Hydrogen plays a key role as an energy carrier on the path to climate neutrality. The latest contract illustrates that hydrogen is also set to become increasingly important when it comes to personal mobility. EKPO's fuel cell technology offers matching solutions for this purpose."

The customer will receive a tailor-made fuel cell stack for use in the vehicle. The challenge with regard to this project is the combination of performance and compact design, as the vehicle's installation footprint for the stack is limited. The combination of a customized bipolar plate and the matching high-power MEA is designed to ensure that the stack delivers an excellent peak performance. The bipolar plate developed and produced by EKPO is to include a seal on the metal plate and a special coating in support of high performance and durability. Initially, the stacks are to be produced at EKPO's headquarters in Dettingen/Erms.

Through its parent company ElringKlinger, EKPO has been actively pursuing fuel cell research and development for around 20 years. The compact stacks are based on proton-exchange membrane (PEM) technology and convert chemical into electrical energy using hydrogen and oxygen. EKPO offers stacks in various configurations for integration into customer systems. Stacks with peripheral components and system functionalities integrated into the media module are also available as an option. These features enable considerable simplification and cost reduction with regard to the fuel cell system. Drawing on the system solutions of its parent company Plastic Omnium, EKPO can cover the entire value chain of a hydrogen-based fuel cell drive. EKPO has an initial production capacity of up to 10,000 stacks per year, which will be gradually expanded in line with its order intake.

 

For further information, please contact on behalf of EKPO Fuel Cell Technologies:

ElringKlinger AG
Dr. Jens Winter
Vice President Strategic Communications
Phone: +49 7123 724-88335
E-Mail: [email protected]



About EKPO Fuel Cell Technologies

EKPO Fuel Cell Technologies (EKPO), headquartered in Dettingen/Erms (Germany), is a leading joint venture in the development and large-scale production of fuel cell stacks for CO2-neutral mobility. The company is a full-service supplier for fuel cell stacks and components used in passenger cars, light commercial vehicles, trucks, buses, as well as in train and marine applications. Within this context, the company is building on the industrialization expertise of two established international automotive suppliers – ElringKlinger and Plastic Omnium.

The aim of the joint venture is to develop and mass-produce high-performance fuel cell stacks in order to further advance CO2-neutral mobility - whether on the road, rail, water or off-road.



02.02.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - 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: 1550215

 
End of News EQS News Service

1550215  02.02.2023 CET/CEST

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ElringKlinger
WKN Kurs in € Einschätzung Börsenwert in Mio. €
785602 5,640 Halten 357,35
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
9,56 12,29 0,79 12,16
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in %
Hauptversammlung
0,15 0,15 2,66 16.05.2024
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
07.05.2024 07.08.2024 12.11.2024 27.03.2024
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-6,67% -0,83% 2,17% -39,65%
    
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