Thyssenkrupp nucera expects to receive orders worth up to $1 billion in the full year.

The German electrolysis equipment manufacturer?ThyssenkruppNucera?expects order intake between?350 million and 900 million euros? ($411million to $1.1billion) in the current financial year.

The company's order intake was 348 million euro in the?past fiscal year. This reflects a more positive outlook despite regulatory challenges in the green hydrogen sector.

The company cited its chlor-alkali division as a key driver, and said that it would help to offset the expected loss in the green hydrogen division.

Thyssenkrupp, the majority owner of Thyssenkrupp, released most of its annual results in advance last month. Investors were more cautious about green hydrogen investments.

Thyssenkrupp Nucera, a subsidiary of Thyssenkrupp, has reduced the number of green hydrogen projects actively pursued?to 39, with a total volume of 9 billion euros by the end of September. This is down from 11 billion euros at June's end.

(source: Reuters)