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Schaeffler AG, DE000SHA0159

Schaeffler AG, DE000SHA0159

08.10.2021 - 12:45:53

Schaeffler AG: Schaeffler develops new technologies for the industrialization of hydrogen production

Schweinfurt | October 8, 2021 | The energy chain of green hydrogen is a pathway to a carbon neutral,sustainable future. Consequently, it offers significant potential in the fight against climate change. Schaeffler excels in technologies that can be used at both ends of this chain: hydrogen use in fuel cells, and hydrogen production by means of electrolysis. "One of the key milestones along the road to achieving a clean energy chain based on green hydrogen is the ability to produce hydrogen on an industrial scale," said Dr. Stefan Spindler, CEO Industrial at Schaeffler and a member of Germany's National Hydrogen Council. "Thanks to its technological capabilities, Schaeffler is well positioned to act as a strategic partner at many stages in this process, for example by providing products for electrolysis stacks."

Hydrogen strategic business unit in Industrial division The huge opportunities offered by green hydrogen feature prominently in Schaeffler's Roadmap 2025 strategic blueprint. As an integrated automotive and industrial supplier, Schaeffler is able to leverage collaboration and synergies across multiple disciplines to develop and produce technologies for the hydrogen industry.

Schaeffler's Industrial division has a Hydrogen strategic business unit that brings together and coordinates all of the division's various hydrogen activities. "We are a long-standing provider of components and services that are integral to the reliable and cost-effective production of renewable energy, particularly wind energy," said Bernd Hetterscheidt, head of Schaeffler's Hydrogen strategic business unit. "This means we are already very closely aligned with the systems that generate a major share of the green electricity used to make hydrogen by electrolysis. Our strong relationships with customers in this area, combined with our established expertise in rapidly scalable production systems and electrochemistry, are decisive factors to be successful in the market."H2Giga: Industrializing Water Electrolysis Over 130 companies and research institutions are involved in H2Giga, a hydrogen project that has received around 500 million euros of funding from Germany's Federal Ministry of Education and Research (BMBF). The objective of the project is to develop systems and methods for the industrial production of electrolyzer systems and components needed to make green hydrogen widely available and cost effective. Schaeffler is acting as the consortium lead for one of the sub-projects, "Stack Scale up - Industrializing PEM Electrolysis". Comprising nine partners from industry and research, the sub-project aims to fast-track the development of stack technologies and large-series production processes for low-temperature electrolysis core components. In this project, Schaeffler's core competencies in materials engineering, materials forming, surface technology and electrochemistry will play a decisive role in the development of new products and solutions for hydrogen technology. Moreover, its expertise in industrialization will help to translate the resulting innovations rapidly into large-series production.


Schaeffler Group - We pioneer motion As a leading global supplier to the automotive and industrial sectors, the Schaeffler Group has been driving forward groundbreaking inventions and developments in the fields of motion and mobility for over 70 years. With innovative technologies, products and services for CO?-efficient drives, electric mobility, Industry 4.0, digitalization and renewable energies, the company is a reliable partner for making motion and mobility more efficient, intelligent and sustainable. The technology company manufactures high-precision components and systems for powertrain and chassis applications as well as rolling and plain bearing solutions for a large number of industrial applications. The Schaeffler Group generated sales of approximately EUR 12.6 billion in 2020. With around 83,900 employees, Schaeffler is one of the world's largest family companies. Moreover, with over 1,900 patent applications in 2020, Schaeffler is Germany's second-most innovative company according to the German Patent and Trademark Office (DPMA).



Dr. Axel L?deke Head of Group Communications & Public Affairs Schaeffler AG, Herzogenaurach, Germany phone: +49 9132 82 8901 email:?axel.luedeke@schaeffler.com Renata Casaro Head of Investor Relations Schaeffler AG, Herzogenaurach, Germany phone:?+49 9132 82 4440 email:?ir@schaeffler.com Yusuf Bulut Head of Communications & Marketing Industrial Schaeffler Technologies AG & Co. KG, Schweinfurt, Germany phone:?+49 9721 91 3934 email:?bulutysu@schaeffler.com Stefanie Dangl Manager Investor Relations Schaeffler AG, Herzogenaurach, Germany phone:?+49 9132 82 4440 email:?ir@schaeffler.com

08.10.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language: English Company: Schaeffler AG Industriestr. 1-3 91074 Herzogenaurach

Germany Phone: 09132 - 82 0 E-mail: ir@schaeffler.com Internet: www.schaeffler.com ISIN: DE000SHA0159 WKN: SHA015 Indices: SDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1239481 ? End of News DGAP News Service


@ dgap.de