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    DEZ   DE0006305006

DEUTZ AG

(DEZ)
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6.213 EUR   +1.19%
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DEUTZ : hydrogen engine ready for the market

08/12/2021 | 02:01am EST

12/08/2021

DEUTZ hydrogen engine ready for the market
  • H2 engine meets all of the eligibility criteria set by the EU for zero CO2 emission
  • Next step toward carbon-neutral drive solutions, including in the off-highway segment

Cologne, August 12, 2021 - DEUTZ launches the TCG 7.8 H2, the company's first hydrogen engine. The drive, which meets all of the eligibility criteria set by the EU for zero CO2 emission engines, is a further addition to the company's portfolio of low-emission and zero-emission drive systems.

'DEUTZ are pioneers of carbon-neutral drive systems for off-highway applications. We already manufacture clean and highly efficient engines. Now we are taking the next step: Our hydrogen engine is ready for the market. This represents an important milestone that will help us to make our contribution toward the Paris climate goals,' says Dr. Frank Hiller, CEO of DEUTZ AG.

The hydrogen-powered engine has passed initial tests on the test bench with flying colors and is scheduled to go into full production in 2024. Dr. Markus Müller, Chief Technology Officer of DEUTZ AG, explains: 'The six-cylinder TCG 7.8 H2 is based on an existing engine design. Generating a power output of 200 kW it runs carbon-neutral and very quietly. In principle, the engine is suitable for all current DEUTZ applications, but due to the available infrastructure it is likely to be used first in stationary equipment, generators, and rail transport.'

First pilot project with customers in the pipeline
The hydrogen engine's first pilot application will be in stationary equipment for power generation in partnership with a regional utility company. The pilot is scheduled to commence at the beginning of 2022 with the aim of demonstrating the engine's suitability for everyday use.

Download press release (PDF)

Caption: The TCG 7.8 H2 is DEUTZ's first ready for the market hydrogen engine.

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Disclaimer

Deutz AG published this content on 12 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 August 2021 06:00:03 UTC.


ę Publicnow 2021
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Sales 2021 1 639 M 1 849 M 1 849 M
Net income 2021 31,6 M 35,6 M 35,6 M
Net Debt 2021 46,6 M 52,5 M 52,5 M
P/E ratio 2021 23,3x
Yield 2021 1,41%
Capitalization 742 M 838 M 837 M
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Number of Analysts 4
Last Close Price 6,14 €
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Frank Hiller Chairman-Management Board & Head-Technical
Sebastian C. Schulte CFO, Head-Human Resources & Information Services
Bernd Bohr Chairman-Supervisory Board
Markus Schwaderlapp Head-Research & Development
Markus MŘller Chief Technology Officer
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