day for us. It's a new chapter
for our corporate cooperation. And of course, we are very happy
that we were also able with that to achieve all our targets, you
know, we have gotten IPO, because we wanted to raise 500
to 600 millions on money that we want to spend in investments
actually to grow our company. And that has been achieved
today. In addition, today, of course, of course, you can
imagine that being stopped listed, creates a lot of
visibility as well. And that will also help us to be seen as
a company in the market. You seen as a company, which is
active in green Hydrogen.
Hydrogen is often said to be the future for a specially energy
intensive industry. So how long will it take and who we see the
material impact of green energy in that field?
I mean, the journey has already started, as you certainly know,
there are a number of projects already up and running. Under
Construction, that will in the future, also supply substantial
amounts of green hydrogen. One example, is our largest projects
that we're currently working on in Saudi Arabia. For this big
artificial city, Leo, we are more than two gigawatts of
electrolyzer capacity will be installed. And once up and
running, more than 200,000 tons of green hydrogen will be
produced.
There is concern though, that the distribution network is
still missing. So how important is that to fill that gap in
order to make it available everywhere.
It's certainly an important element of the overall supply
chain. However, hydrogen is around and is used since many,
many decades already, as a module killed, predominantly as
feedstock, as a process gas, industrial use cases, such has
been transported, of course, also, since many, many years, so
we know how that works. We know what is required to do so.
However, I fully agree that needs to of course, grow, that
needs to expand, we need to have pipeline network capable of
transporting these very large volumes that are required to
decarbonize industries in the energy system.
You're producing the technology for those facilities. So where
do you see the strongest demand coming from currently?
We actually see that is a global development. However, as we
believe in our with our organization, we cannot be
everyone's darling. At the same time. We certainly we will focus
we're gonna focus in the near term, and Europe and US because
we believe these are geographies that provide a lot of demand
already today, and also very attractive when it comes to the
massive funding actually, that is made available in those
geographies.
There are many players around I mean, everybody's quiet, not
everybody, but many people are quiet. Hi, fire the topic of
hydrogen. So how much we see competition, when what is the
biggest competitor?
Look, I think that actually competition in this space plays
a minor role. This market is growing so extremely, that
actually every market participant participant that is
really able to supply high quality, safe electrolyzers to
this industry is more than welcome to do so. Because
because that's the only way how we can join to also grow that
you can try to prove the green hydrogen can really work
to transform into the profitability of your company.
you know, when you start growing, you're certainly going
Of course,
to need to pre invest. You're now investing very heavily in
the expansion of our business, globally. new locations that
also cause higher growing capacities that we also want to
bring to the market within the next couple of years. And that
certainly has an impact actually on the profitability in the
short, mid to long term. You're absolutely confident that this
is a really good business.