Business Line Hydrogen Systems - The new focal point at Heraeus Precious Metals for the hydrogen economy

Hanau, 04th January 2023

Heraeus Precious Metals, a global leader in the precious metals industry, announced the establishment of a new dedicated Business Line Hydrogen Systems, effective from 1 January 2024. This strategic move signals Heraeus Precious Metals' commitment to the hydrogen economy.

Hydrogen Systems provides a comprehensive range of precious metal-based products for electrolyzers and fuel cells in particular state-of-the-art electrocatalyst solutions for next generation applications. Furthermore, the new Business Line offers, in addition to precious metals supply, a comprehensive array of technologies as well as the respective production capacities for the recovery of precious metals from production scrap and end-of-life materials, such as catalyst coated membranes. It serves hence as central point for applications of precious metals for customers in the hydrogen economy.

Dr. Philipp Walter leads the new Business line Hydrogen Systems
Dr. Philipp Walter leads the new Business line Hydrogen Systems

“Our global R&D and testing as well as production facilities enable us to fulfill our customer needs on a technical and overall business level,” says Dr. Philipp Walter, Head of the new Business Line. “We are strong innovators and support our customers’ business end-to-end.”

Expanding R&D and strengthening collaborations

Driven by its core expertise in electrocatalysts, Heraeus Precious Metals continues to expand its R&D efforts towards the United States and China and beyond PEM (Proton Exchange Membrane) technology. Furthermore, resources for customer support for ink and electrode development have been established.

In collaboration with a spectrum of partners within the hydrogen ecosystem the new Business Line works tenaciously to refine the synergy between catalyst and application. “As specialists in precious metals, we are committed to crafting optimal catalyst solutions for electrolysis and fuel cells, as well as to the recycling of precious metals. Our outstanding know-how and long expertise have helped us to become a leader in low iridium catalysts. This is a good example of our capabilities in electrocatalyst development,” explains Dr. Christian Gebauer, Head of Innovation at Heraeus' new Hydrogen Systems Business Line. “Accelerating the transition to a hydrogen-based economy requires harnessing the best of each expert’s specialty.”

Transforming from a R&D project into a specialized Business Line

The new Business line Hydrogen Systems will be operating from the Heraeus Precious Metals Headquarters in Hanau, Germany
The new Business line Hydrogen Systems will be operating from the Heraeus Precious Metals Headquarters in Hanau, Germany

Heraeus Precious Metals has a long-standing heritage in the development of electrocatalysts. Over the years, what has begun as a corporate start-up and R&D project evolved into a mature Business Line.

The company has surpassed the tipping point from a pioneering presence in electrocatalyst production to a pivotal role in the hydrogen industry's precious metal applications. As the industry expands, Heraeus Precious Metals has continuously expanded its operations by key investments in 2023, such as new production capabilities in Nanjing, China, and upcoming additional recycling capacities in Hanau, Germany.

All investments as well as the further expansion of the production capacities are aligned with Heraeus Precious Metals' objective to take a leading role in shaping the precious metals industry sustainably.

About Heraeus Precious Metals

Heraeus Precious Metals is globally leading in the precious metals industry. The company is part of the Heraeus Group and covers the value chain from trading to precious metals products to recycling. It has extensive expertise in all platinum group metals as well as gold and silver.

With about 3,000 employees at 15 sites worldwide, Heraeus Precious Metals offers a broad portfolio of products that are essential for many industries such as the automotive, chemicals, semiconductor, pharmaceutical, hydrogen and jewelry industry.

By 2025 Heraeus Precious Metals will be the first company in the industry that operates carbon neutral.

About Heraeus

The Heraeus Group is a broadly diversified and globally leading family-owned technology company, headquartered in Hanau, Germany. The company’s roots go back to a family pharmacy started in 1660. Today, Heraeus bundles diverse activities in the Business Platforms Metals and Recycling, Healthcare, Semiconductor and Electronics as well as Industrials. Customers benefit from innovative technologies and solutions based on broad materials expertise and technological leadership.

In the 2022 financial year, the group generated revenues of €29.1 billion (US$30.6 billion*) with approximately 17,200 employees in 40 countries. Heraeus is one of the top 10 family-owned companies in Germany and holds a leading position in its global markets.