EQS-News: KION GROUP AG / Key word(s): Market Launch/SustainabilityKION Group To Develop and Produce Its Own Fuel Cell Systems for Industrial Trucks (news with additional features)11.01.2023 / 11:46 CET/CESTThe issuer is solely responsible for the content of this announcement.
KION Group To Develop and Produce Its Own Fuel Cell Systems for Industrial Trucks
Intralogistics group begins production of hydrogen propulsion systems
KION Group plans to invest more than €11 million in this technology
Launch of a 24 V fuel cell system planned for Spring 2023, with other systems to follow
Advantages over other energy sources: Lower emissions and more sustainable drive with quick tank filling
CEO Smith: 'As of today, KION will be the only forklift manufacturer in the European market to produce its own fuel cells, something that truly sets us apart.'
Frankfurt am Main, January 11, 2023 – The KION Group is expanding its hydrogen propulsion range. The global intralogistics group will soon develop and produce its own fuel cell systems for its industrial trucks. The company is going to invest more than €11 million in this technology. The KION Group plans to launch its own 24 V fuel cell system for warehouse equipment to the market in spring 2023. Completion of the fuel cell portfolio is expected to follow in the coming years. This means that the KION brands will soon be able to offer their customers everything they need from a single source: the forklift, the fuel cells, and the associated service.
'As of today, the KION Group will be the only manufacturer of forklifts and warehouse equipment in the European market to produce its own fuel cells, something that truly sets us apart,' says Rob Smith, CEO of the KION GROUP AG. 'There is huge demand from our customers and we hope that this technology will allow us to meet ever-increasing calls for intralogistics to become more resource-conscious and sustainable, while at the same time also meet demands for rapid refueling.'
The group plans to supply the first forklift trucks with its own fuel cell systems this year.
Easy and Practical, Fast and Clean
The advantages of fuel cell technology are manifold. The energy system does not generate any emissions during operation, making it ideal for use in warehouses. If the hydrogen also comes from regenerative sources, e.g., biogas or electrolysis from sun or wind energy, it is climate neutral. A further advantage of the energy system comes to the fore when stopping to fill up at the hydrogen filling station: Fully refilling the tank takes just one to three minutes. This helps minimize interruptions and increase the availability of forklifts—a massive advantage for multi-shift operation and for large fleets. A further advantage is that they contain no toxic acids or other pollutants, a real plus not just in terms of recycling, but also for daily operation. For example, this makes the fuel-cell drive an attractive alternative to a lead-acid battery, particularly in hygiene-critical industries such as the pharmaceutical and food industries.
Hydrogen Production at the Aschaffenburg Site
Alongside the development and production of fuel cell systems, the Group is also installing its own hydrogen production at its Aschaffenburg site. The construction work for a state-funded hydrogen filling station including electrolyzer is nearly finished. After construction work on the hydrogen infrastructure is completed, 21 hybrid fuel cell systems will be put into operation and will replace the majority of the forklifts with combustion engines that are currently in operation at the site.
Decades of Experience With This Energy Source
The KION Group brands were quick to embrace the idea that hydrogen and fuel cell technologies could offer significant potential for intralogistics. KION subsidiary Linde Material Handling GmbH (Linde MH) has been focusing intensively on this multi-faceted technology since 1997 and began series production of its first trucks with this technology in 2010. Today, Linde MH offers one of the widest portfolios of fuel cell drive industrial trucks on the market. Around 80% of all models are available with this future-oriented drive technology, including pallet trucks, tractors or reach trucks, and counterbalanced trucks.
The technology has also been a core part of KION subsidiary STILL GmbH's product portfolio for many years. For its customers, the company has been implementing regular hydrogen projects for various truck types since 2003. STILL is currently operating one of Europe's largest fleets of forklift trucks with hydrogen drive for a customer in France. KION subsidiary STILL has also entered into a partnership with Hydrogentle GmbH to be able to better advise and support its customers in all things fuel cell technology. The partnership is aimed at planning special plant engineering projects, producing feasibility analyses, and advising customers on the topic of hydrogen infrastructure, from initial conversations through to the supply of complete hydrogen infrastructure for filling industrial trucks.
Fuel Cell Technology in Industrial Trucks
In fuel cell systems, energy is obtained through a chemical reaction between oxygen (O2) and hydrogen (H2), which feeds a compact lithium-ion battery. This hybrid combination powers the forklift truck by supplying the drive and lifting motors with energy. The fuel cell generates the electrical energy required to operate the forklift truck directly on board. The only by-products generated during 'cold combustion' are heat, water vapor, and pure water.
The KION Group is one of the world's leading providers of industrial trucks and supply chain solutions. Its full spectrum of services includes industrial trucks, such as forklift trucks and warehouse trucks, as well as integrated automation technologies and software solutions for the optimization of supply chains—including all related services. The KION Group's solutions ensure the smooth flow of materials and information in customers' warehouses, production plants, and distribution centers in over 100 countries.
The MDAX listed group is the largest manufacturer of industrial trucks in Europe based on the number of units sold in 2021. Based on revenue for the year 2021, the KION Group is the leading overseas manufacturer in China, and including domestic manufacturers, the third-largest supplier there. The KION Group is also one of the world's leading warehouse automation providers, based on 2021 revenue.
At the end of 2021, more than 1.6 million industrial trucks and over 8,000 installed systems from the KION Group were in use by customers from all manner of sectors and of varying sizes on six continents. The group currently has around 40,000 employees and generated revenue of approx. €10.3 billion in the 2021 financial year.
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This communication and the information contained herein are for informational purposes only and do not constitute a prospectus or an offer of securities for sale in the United States or any other jurisdiction, or a solicitation of an offer to buy securities in the United States or any other jurisdiction.This release contains forward-looking statements that are subject to various risks and uncertainties. Future results may deviate significantly from the results currently expected, and due to various risk factors and uncertainties such as changes in the business, economic, or competitor situation, changes in legislation, outcomes of technical studies, exchange rate fluctuations, uncertainties regarding litigation or investigative proceedings, and the availability of financial resources. This particularly applies in respect of currently unforeseeable further developments in connection with the war in Ukraine, and the geopolitical consequences of the war, and in respect of the coronavirus pandemic and the resulting impact on KION GROUP AG and its subsidiaries and on the wider economic and political environment in the markets in which KION GROUP AG and its subsidiaries operate. We do not assume any responsibility for updating the forward-looking statements contained in this release.
Further information for media representativesFrank GrodzkiVice President External Communication & Group NewsroomTelephone +49 (0)69 201 107 496Cell +49 (0)151 65 26 29 EMAIL
Christopher SpiesSenior Manager Corporate CommunicationsCell +49 (0)151 14 06 52 EMAIL
Further Information for InvestorsSebastian UbertVice President Investor RelationsTelephone +49 (0)69 201 107 EMAIL
Raj JungingerSenior Manager Investor RelationsTelephone +49 (0)69 201 107 EMAIL
Additional features:Picture: URL.ssp?u=dc404c0433658a4938277c6fc52be95fSubtitle: File: KION Group_Press Release Fuel Cell
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