AsiaNet 89332

BONN, Germany, May 4, 2021 /PRNewswire=KYODO JBN/ --

- GKN Powder Metallurgy launches new dedicated green hydrogen unit, GKN

Hydrogen, on May 11, 2021, with a virtual market launch event

- GKN Hydrogen is pioneering emission-free, safe and compact all-in-one

renewable energy storage solutions to drive the global energy transition

- GKN Hydrogen's unique green hydrogen storage technology based on metal

hydrides is the most reliable and secure system on the market

- The Hydrogen unit launch reinforces GKN Powder Metallurgy's global technology

leadership in conjunction with other advances the business is making, including

in 3D printing

GKN Hydrogen's 100% recyclable product suite has been developed and refined

over the last years to become the most reliable and secure hydrogen storage

solution on the market. The robust systems generate green hydrogen from

fluctuating renewable energy sources, storing it compactly and safely in metal

hydride over long periods of time. When needed, the green hydrogen can be used

directly or converted back into electricity and heat for a variety of

applications. The scalable system design allows for maximum versatility, from

emergency power backup and off-grid energy supply to residential housing,

maritime transport, and large-scale industry.

Peter Oberparleiter, Chief Executive Officer at GKN Powder Metallurgy, said:

"GKN Hydrogen is an incredibly exciting venture that will play a key role at

the forefront of the energy transition. Using a state-of-the-art technology

with far-reaching implications and extensive scope for development, we are

helping to solve the issue of hydrogen storage and provide a clean energy for

all that is green, safe and compact."

With the launch of GKN Hydrogen, its second business unit to focus on

innovative technologies alongside GKN Additive, GKN Powder Metallurgy is

strengthening its position as a provider of leading-edge technology solutions

for the future. Leveraging the business's world-leading position in powder

metal solutions, GKN Hydrogen is pioneering safe, emission-free green hydrogen

storage to help organizations and societies around the world achieve their

carbon neutrality goals today, and in the years to come.

Peter Oberparleiter continues: "We created GKN Hydrogen after consulting with

colleagues from across GKN Powder Metallurgy and are proud to be seen as an

enabler for a decentralized, carbon neutral energy supply infrastructure. We

are very excited to introduce our new business unit to the world on May 11,

2021. Our mission is to stop climate change, for ourselves and for generations

to come."

This press release is available at https://www.gknpm.com/en/news-and-media/.

To register for the launch event, please visit www.gknhydrogen.com.

Follow us on LinkedIn at www.linkedin.com/company/gkn-hydrogen.

GKN Powder Metallurgy is the world's leading authority in powder metal

solutions, from advanced metal powders to high-performance sinter metal

components. Leveraging its strong core business competencies, the company is

accelerating its expansion into the future growth areas of Additive

Manufacturing and Hydrogen Storage. As a stand-alone business unit of Melrose

PLC, GKN Powder Metallurgy today comprises four business units: GKN Powders,

GKN Sinter Metals, GKN Additive and GKN Hydrogen. Together GKN Powder

Metallurgy empowers over 6,000 problem solvers in 29 locations, setting its

global technology network at the highest standard.

Photo - https://mma.prnewswire.com/media/1501683/GKN_HY2MEGA.jpg

Logo - https://mma.prnewswire.com/media/1501684/GKN_HYDROGEN_Logo.jpg

Contact for journalists:

GKN Powder Metallurgy

Alexandra Rohe, Global Communications Manager

alexandra.rohe@gknpm.com

+49 (0)228 9335 0

Source: GKN Powder Metallurgy