thyssenkrupp AG Capital Market Day (Virtual) Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Patrick Jones - JPMorgan Chase & Co, Research Division - Analyst : This relates to the earlier presentation on the market side and the outlook for costs across the industry. You mentioned obviously in your -- in comparison and in contrasts of alkaline versus PEM that obviously alkaline -- obviously alkaline were producing at 1 bar pressure where PEM and other technologies were producing a 30 bar pressure. In the cost analysis, you obviously showed that PEM is relatively more expensive by dollar per kilowatt basis. So my question is really on the atmospheric alkaline side, what do you think is the amount of the cost dollar per kilowatt, as needed, in terms of compression and other components to bring that to 30 bar pressure? And is that included in your larger cost estimates for alkaline? Denis Krude It is included in our calculations. That was part of Christoph's presentation. Christoph, would you like to elaborate more on the comparison between Alkaline Water Electrolysis and PEM? Christoph Noeres Yes, I think it's inside that comparison as usual. You always compare better limits, which means the pressurized margin. That's typically better limits for such kind of technology comparison, and it's included. And even if you take that pressure difference in consideration that there is additional compression needed, then still AWE has a cost advantage. And I think that is most important.