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Rolls-Royce: joins hydrogen-production market

( - In acquiring a controlling interest of 54% in electrolysis cell specialist Hoeller Electrolyzer, Rolls-Royce is entering the hydrogen-production market.

Hoeller Electrolyzer, headquartered in Wismar, Germany, is developing polymer electrolyte membrane (PEM) cells, under the brand name Prometheus, to make hydrogen production cost-effective.

"By developing our own mtu electrolyzers and by taking a majority stake in Hoeller Electrolyzers, we are methodically growing our hydrogen portfolio and securing access to this fascinating technology, which is not a pipe dream but has great market potential," said Dr. Otto Preiss, head of Rolls-Royce Power Systems.

"This will enable us to supply complete hydrogen solutions and make a significant contribution to protecting the climate," he adds.

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