GKN Powder Metallurgy to Establish New Business Unit GKN Hydrogen

GKN Hydrogen's 100% recyclable product suite has been developed and refined over the last years to become the most reliable and secure hydrogen storage solution on the market. The robust systems generate green hydrogen from fluctuating renewable energy sources, storing it compactly and safely in metal hydride over long periods of time. When needed, the green hydrogen can be used directly or converted back into electricity and heat for a variety of applications. The scalable system design allows for maximum versatility, from emergency power backup and off-grid energy supply to residential housing, maritime transport, and large-scale industry.

Peter Oberparleiter, Chief Executive Officer at GKN Powder Metallurgy, said: "GKN Hydrogen is an incredibly exciting venture that will play a key role at the forefront of the energy transition. Using a state-of-the-art technology with far-reaching implications and extensive scope for development, we are helping to solve the issue of hydrogen storage and provide a clean energy for all that is green, safe and compact."

With the launch of GKN Hydrogen, its second business unit to focus on innovative technologies alongside GKN Additive, GKN Powder Metallurgy is strengthening its position as a provider of leading-edge technology solutions for the future. Leveraging the business's world-leading position in powder metal solutions, GKN Hydrogen is pioneering safe, emission-free green hydrogen storage to help organizations and societies around the world achieve their carbon neutrality goals today, and in the years to come.

Peter Oberparleiter continues: "We created GKN Hydrogen after consulting with colleagues from across GKN Powder Metallurgy and are proud to be seen as an enabler for a decentralized, carbon neutral energy supply infrastructure. We are very excited to introduce our new business unit to the world on May 11, 2021. Our mission is to stop climate change, for ourselves and for generations to come."