--- description: ThyssenKrupp Nucera: 2024 TIME100 Most Influential Companies title: TIME100 Most Influential Companies 2024: ThyssenKrupp Nucera image: https://static.time.com/v3/assets/bltea6093859af6183b/blt518e33531a44de04/698a571bb21a9c8dff50a06e/time100companies-leaders-thyssenkrupp-nucera.jpg?branch=production&width=3840&quality=75&auto=webp&crop=16:9 --- May 30, 2024 # ThyssenKrupp Nucera by [Alison Van Houten](/author/alison-van-houten/) ## Alison Van Houten Update your preferences in [Account Settings](/account/preferences/) Close  Carbon2Chem Electrolysis assembly at Thyssenkrupp Nucera. Carbon2Chem Electrolysis assembly at Thyssenkrupp Nucera.Courtesy of Thyssenkrupp Nucera "If you want to protect the climate, there is no way around green hydrogen," ThyssenKrupp Nucera CEO Werner Ponikwar says. His company specializes in building high-efficiencyalkaline water electrolyzers to power steel mills and other fossil-fuel intensive industrial sites, reducing greenhouse gas emissions. In a field crowded with startups, ThyssenKrupp Nucera is jostling to the front as it signs deals with Shell and the Saudi government, among other organizations that see scalable potential in the company's modular electrolyzers, which use electricity to split water and produce carbon-free hydrogen. Historically, alkaline technology has been too inflexible to work well with renewable power sources like wind and solar. But ThyssenKrupp Nucera uses high-tech electrode coatings to make its electrolyzers more adaptable and to reduce each system's footprint by two-thirds. Last year, it grossed €526 million after [listing](https://www.thyssenkrupp.com/en/newsroom/press-releases/pressdetailpage/thyssenkrupp-successfully-floats-hydrogen-business-on-stock-exchange-227593 "undefined") on the Frankfurt Stock Exchange in Germany, where it's based. Since then, the company has made inroads in the U.S., where it received a $50 million Department of Energy grant [announced](https://thyssenkrupp-nucera.com/wp-content/uploads/2024/03/240318%5Fthyssenkrupp-nucera-Selected-for-50-Million-Grant-from-the-U.S.-Department-of-Energy%5FPress-Release.pdf "undefined") in March. ThyssenKrupp Nucera: 2024 TIME100 Most Influential Companies ```json [{"@context":"https://schema.org","@type":"Article","@id":"https://time.com/collections/time100-companies-2024/6979468/thyssenkrupp-nucera/","mainEntityOfPage":{"@type":"WebPage","@id":"https://time.com/collections/time100-companies-2024/6979468/thyssenkrupp-nucera/"},"headline":"ThyssenKrupp Nucera","datePublished":"2024-05-30T11:40:29.000Z","dateModified":"2026-03-31T05:12:24.278Z","description":"","url":"https://time.com/collections/time100-companies-2024/6979468/thyssenkrupp-nucera/","keywords":["Companies","franchise","Magazine","Special Project","sponsorshipblock","Accolades"],"thumbnailUrl":"https://static.time.com/v3/assets/bltea6093859af6183b/blt518e33531a44de04/698a571bb21a9c8dff50a06e/time100companies-leaders-thyssenkrupp-nucera.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","author":[{"@type":"Person","name":"Alison Van Houten","jobTitle":null,"url":"https://time.com/author/alison-van-houten/"}],"creator":"Alison Van Houten","articleSection":"Business","image":[{"@type":"ImageObject","url":"https://static.time.com/v3/assets/bltea6093859af6183b/blt518e33531a44de04/698a571bb21a9c8dff50a06e/time100companies-leaders-thyssenkrupp-nucera.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","width":1200,"height":675}],"publisher":{"@type":"Organization","name":"Time","url":"https://time.com/","logo":{"@type":"ImageObject","url":"https://time.com/images/logo.png","width":528,"height":156},"foundingDate":"March 3, 1923","sameAs":["https://www.facebook.com/time","https://www.instagram.com/time/?hl=en","https://twitter.com/time","https://www.pinterest.com/timemagazine"]}},{"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"item":{"@id":"/section/business/","name":"Business"}},{"@type":"ListItem","position":2,"item":{"@id":"/tag/companies/","name":"Companies"}},{"@type":"ListItem","position":3,"item":{"@id":"https://time.com/collections/time100-companies-2024/6979468/thyssenkrupp-nucera/","name":"ThyssenKrupp Nucera"}}]}] ```