AEM multi-core electrolysers

AEM multi-core Electrolysers

Deha Tech Mak. San. Ve Tic. A.S. Enapter GmbH
Reinhardtstraße 35
Funda ALTUNKAYNAK 10117 Berlin
Kemeraltı Cad. No:28 34425 Karakoy – İstanbul, TURKEY Germany

www.enapter.com

March 13, 2024

Subject: AEM multi-core electrolysers price indication

Dear Funda ALTUNKAYNAK,

Below you will find more information about the AEM technology, a technical description, and a commercial
price indication of our products.

Best Regards,
Ruben Furi
rfuri@enapter.com
phone: +49 (0) 3050 93026 84

AEM Nexus 1000 (kW)

AEM Nexus 500 (kW)
~ 453 kg/24h
~ 226 kg/24h

AEM Flex 120 (kW)

~ 54 kg/24h

Enapter GmbH Confidential price indication for:

Managing Director: Funda ALTUNKAYNAK, Deha Tech Mak. San. Ve Tic. A.S.
Jan-Justus Schmidt, Philip Hainbach (Offer validity: 30 days) 2
Commercial register: Amtsgericht Charlottenburg This indication is based on the current characteristics and
VAT: DE321639320 features. Performance data, number of stacks, strings and other
components details may still be subject to change.
 AEM multi-core electrolysers™

Table of Content

Sections Figures
Table of Content 3 Fig. 1: Enapter’ product platform approach 3
About Enapter 3 Fig. 2: AEM cell cross sections 4
AEM Technology 4 Fig. 3: AEM - Best of two worlds 5
Product overview 6 Fig. 4 AEM Nexus 1000 (kW) 6
Detailed Specifications 9 Fig. 5 AEM Nexus 500 (kW) 6
Pricing 11 Fig. 6 AEM Flex 120 (kW) 6
Fig. 8: Strings architecture 7
Fig. 7 Simplified Process Flow Diagram 8

Table of Acronyms and Abbreviations

NX1000 AEM Nexus 1000 O₂ Oxygen

NX500 AEM Nexus 500 H₂ Hydrogen
AEM Anion Exchange Membrane CISG Contracts for the International Sale of Goods
R&D Research and Development HMI Human-Machine Interface
AG Stock listed company (Germany) EMS Energy Management System
S.R.L. Limited liability company (Italy) PSU Power Supply Units
PEM Proton Exchange Membrane BOL Beginning of Life
PV Photovoltaic EOL End of Life
KOH Potassium hydroxide PED Pressure Equipment Directive
kV Kilovolt ATEX Atmosphere Explosible
KVA Volt amps EXW Ex Works
kW Kilowatt PLC Programmable Logic Controller
MVA Megavolt-amperes HVAC Heating, Ventilation, and Air Conditioning
MV Medium Voltage MSDS Material Safety Data Sheet
VAC Volts AC power LEL Lower Explosive Limit
Hz Hertz P&ID Piping and Instrumentation Diagram
WPS Water Purification System FAT Factory Acceptance Test
ppm Parts per Million S&C Start-up and Commissioning
STP Standard Temperature and Pressure HAZOP Hazard and Operability
BoP Balance of Plant EMSA Enapter Monitoring Subscription Agreement
SAT Site Acceptance Test OTA Over-the-Air

Enapter GmbH Confidential price indication for:

Managing Director: Funda ALTUNKAYNAK, Deha Tech Mak. San. Ve Tic. A.S.
Jan-Justus Schmidt, Philip Hainbach (Offer validity: 30 days) 3
Commercial register: Amtsgericht Charlottenburg This indication is based on the current characteristics and
VAT: DE321639320 features. Performance data, number of stacks, strings and other
components details may still be subject to change.
About Enapter
Enapter is a global energy-tech company, radically innovating on electrolysis technology to reduce green
hydrogen’s cost and provide a key asset to replacing fossil fuels.
Our strategy to disrupting the green hydrogen industry is based on our patented, award-winning Anion
Exchange Membrane (AEM) technology and a modularity approach. Enapter’s single-core AEM Electrolysers
have already been deployed in 52 countries by 340+ customers, in use cases including energy, mobility,
industry, heating, and telecommunications.
(see references www.enapter.com/applications)

> 4500 / 11 MW single-core > 340 customers Millions of hours of

AEM Electrolysers sold in 52 countries commercial operational data

The extensive know-how and experience in delivering modular AEM electrolysers puts Enapter in a unique
position to take scalability and modularity to the next level and quickly upscale to MW sized systems using a
platform-based approach.
This strategy leverages a standardized, mass manufacturable AEM stack to deliver electrolysers of different
sizes.
Enapter is headquartered in Italy and Germany. We are currently focusing on expanding production capacity
and increasing R&D activities in both the Italian and Germany facility.
Enapter AG is publicly listed on the Frankfurt and Hamburg regulated Stock Exchanges, WKN: A255G0.

Fig. 1: Enapter’ product platform approach

Enapter GmbH Confidential price indication for:

Managing Director: Funda ALTUNKAYNAK, Deha Tech Mak. San. Ve Tic. A.S.
Jan-Justus Schmidt, Philip Hainbach (Offer validity: 30 days) 3
Commercial register: Amtsgericht Charlottenburg This indication is based on the current characteristics and
VAT: DE321639320 features. Performance data, number of stacks, strings and other
components details may still be subject to change.
AEM Technology
Enapter’s patented Anion Exchange Membrane (AEM) technology uses a polymer electrolyte membrane,
similar to the better-known PEM (Proton Exchange Membrane) technology. The AEM cell design features a
semipermeable membrane that transports negatively charged OH- ions to split water molecules into hydrogen
and oxygen.
PEM 2.0
Unlike PEM, AEM technology has no constraints that prevent significant cost reductions. PEM electrolysers,
operate with protons (H+) naturally creating a highly acidic environment near the electrodes which leads
to a large corrosion potential. Therefore, bipolar plates must be made of corrosion-resistant, but also very
expensive, titanium. Additionally, the expensive and rare noble metal iridium is required as a catalyst.
In contrast, AEM works utilizing ions (OH-) which leads to a base, or alkaline environment, where corrosion
protection can be handled with greater ease. Titanium is not required; nickel and iron are sufficient. Iridium as
a catalyst is eliminated completely. High efficiency, fast responsiveness, and a compact size similar to PEM are
maintained.

Fig. 2: AEM cell cross sections

Enapter GmbH Confidential price indication for:

Managing Director: Funda ALTUNKAYNAK, Deha Tech Mak. San. Ve Tic. A.S.
Jan-Justus Schmidt, Philip Hainbach (Offer validity: 30 days) 4
Commercial register: Amtsgericht Charlottenburg This indication is based on the current characteristics and
VAT: DE321639320 features. Performance data, number of stacks, strings and other
components details may still be subject to change.
High pressure by nature
Enapter’s AEM stack also functions as a compressor. The aqueous electrolyte solution at the anode is
circulated but not pressurized. Instead, hydrogen produced at the cathode builds up to 35 barg of pressure.
This electrochemical compression is highly efficient as there are no heat losses associated with mechanical
compression. The pressure difference across the membrane ensures extremely low quantities of oxygen can
be entrained into the hydrogen, resulting in exceptionally high purity without the need for a deoxo system.
Simpler design
Another unique feature of Enapter’s AEM stack is the “dry cathode”, our patented technology. All water
required for H₂ production is transported through the AEM membrane. Hence, no liquid needs to circulate on
the cathode. This simplifies system design, eliminating pumps, pipework, and gas separators within the H₂
circuit.
While being an important safety aspect – as nitrogen purging can be avoided because of the minimal volumes
of the enclosed gas – it also reduces the cost of our AEM electrolysers.

Fig. 3: AEM - Best of two worlds

Best of two worlds – key Enapter AEM competitive advantages

Even though AEM has much in common with PEM technology, AEM is also similar to alkaline electrolysers. An
alkaline solution is used as electrolyte to facilitates the electrochemical process. However, this water-based
solution has a concentration of only 1% potassium hydroxide (KOH), making it much easier to handle and
dispose of than the very caustic 30-40% concentration usually needed in traditional alkaline electrolysers.

Enapter GmbH Confidential price indication for:

Managing Director: Funda ALTUNKAYNAK, Deha Tech Mak. San. Ve Tic. A.S.
Jan-Justus Schmidt, Philip Hainbach (Offer validity: 30 days) 5
Commercial register: Amtsgericht Charlottenburg This indication is based on the current characteristics and
VAT: DE321639320 features. Performance data, number of stacks, strings and other
components details may still be subject to change.
Products overview
The AEM multi-core electrolysers
Enapter’s AEM multi-core electrolysers, are efficient and flexible electrolysers featuring many AEM stacks
around a common balance of plant (BoP).
The main characteristics are:

≡ Modular architecture
≡ Top-class system efficiency
≡ Unmatched operating range flexibility
≡ Extreme redundancy
≡ Swift reaction times
≡ High H2 purity and pressure
Fig. 4 AEM Nexus 1000 (kW)
≡ Automatic and smart operation
≡ N₂ or other gasses not needed for operation
See all technical info under Detailed Specifications.

The modular system architecture leverages the

mass manufacturing advantages of standardized
and modular AEM stacks. Moreover, it allows for
industry-proven and widely available system
components to be used. Fig. 5 AEM Nexus 500 (kW)
Furthermore, the modular approach results in a
more reliable and robust system, for example, if
one stack module fails, only a fraction of the
production is stopped. Then the affected stacks
can be replaced easily and quickly. In contrast
stack defect in a traditional PEM and alkaline
electrolyser can lead to significant
downtime of the entire system.
Fig. 6 AEM Flex 120 (kW)

The AEM Stack Module

The AEM stack module is a robust hydrogen production unit with a hydrogen output of 0.5 Nm³/h – it sits at
the heart of all Enapter’s multi-core electrolysers.
The AEM stack module has been engineered to allow a fast and easy replacement to reduce system
downtime. The H2 -out as well as the electrolyte -in & -out connectors are located on the front, while the
power & data quick-connector is located on the rear of the stack module. This design, coupled with the small
size and weight (~20 kg) of the module, enables quick stack replacements without needing heavy machinery.

Enapter GmbH Confidential price indication for:

Managing Director: Funda ALTUNKAYNAK, Deha Tech Mak. San. Ve Tic. A.S.
Jan-Justus Schmidt, Philip Hainbach (Offer validity: 30 days) 6
Commercial register: Amtsgericht Charlottenburg This indication is based on the current characteristics and
VAT: DE321639320 features. Performance data, number of stacks, strings and other
components details may still be subject to change.
Fig. 9: AEM stack module

Modular system architecture

At the heart of our modularity concept lies the AEM
Stack Module. Ten (10) AEM stack modules are
electrically connected in series and mounted into
racks; we call them strings. Multiple strings are then
connected in parallel, powered by individual power
supply units (PSUs) and connected to the electrolyte
circuit.
The power supply units (PSUs) are standard, off-the-
shelf components. They allow individual regulation
and on/off-switching for each string ensuring
optimal operation at different load levels that can
be expected when integrated with renewables
Fig. 8: Strings architecture
energy.
The AEM Nexus 1000 features 42 strings, while the AEM Nexus 500 and the AEM Flex 120 contain 21 strings and
5 strings respectively. Each of the strings can operate independently and in the range of 60 ─ 100% of nominal
production. Thus, the AEM multi-core electrolysers can achieve a broad load range nominal production rate.
Regulation of hydrogen production based on load is managed automatically by the Enapter control system.

Redundancy
Should a stacks failure be determined, the corresponding string can be shut off and isolated. The rest of the
system can continue operating normally. In such a case, the isolated string in need of servicing can be safely
handled and maintained without stopping production of the remaining strings. The defective stack module, in
the isolated string, can then be easily replaced.
Upgradability
All AEM multi-core electrolysers can be initially equipped with a lower number of strings for a lower initial
hydrogen production rate. This approach will allow fast and cost-effective on-site upgradability.

Enapter GmbH Confidential price indication for:

Managing Director: Funda ALTUNKAYNAK, Deha Tech Mak. San. Ve Tic. A.S.
Jan-Justus Schmidt, Philip Hainbach (Offer validity: 30 days) 7
Commercial register: Amtsgericht Charlottenburg This indication is based on the current characteristics and
VAT: DE321639320 features. Performance data, number of stacks, strings and other
components details may still be subject to change.
Process Flow Diagram
As shown in the figure below, the H₂O-Inlet has a direct connection to the electrolyte tanks, in which the
electrolyte solution (1 % KOH) is prepared. The electrolyte solution then circulates, assisted by a centrifugal
pump, through all the AEM stack modules and back to the tanks.
The stack modules are powered with electricity and the electrochemical reaction begins. H₂, O₂ and thermal
energy are produced as a result.
The hydrogen gets chilled down to 5°C and exits from the H₂-Outlet. Oxygen is captured by the electrolyte
solution, separated, and exits via the O₂-Vent.

Fig. 7 Simplified Process Flow Diagram

Key design standards / guidelines

EN ISO 12100 “Safety of machinery - General principles for design - Risk assessment and risk reduction”
ISO 22734 “Hydrogen generators using water electrolysis - Industrial, commercial, and residential
applications”
ISO/TR 15916 “Basic considerations for the safety of hydrogen systems”
IEC 61508-6 “Functional Safety of Electrical/Electronic/Programmable Electronic Safety-Related Systems”
IEC 61511-1 “Functional safety - Safety instrumented systems for the process industry sector”

IEC 60079-10-1 “'Explosive atmospheres – Part 10-1: Classification of areas – Explosive gas atmospheres'”
Annex K, DGUV, TRGS

CE Certification / EU Declaration of Conformity

Addressing the following directives:
≡ Pressure Equipment Directive (PED)
≡ Machine Directive
≡ Electro-Magnetic Compatibility (EMC)
≡ ROHS Directive
≡ Radio Equipment Directive (RED)

Enapter GmbH Confidential price indication for:

Managing Director: Funda ALTUNKAYNAK, Deha Tech Mak. San. Ve Tic. A.S.
Jan-Justus Schmidt, Philip Hainbach (Offer validity: 30 days) 8
Commercial register: Amtsgericht Charlottenburg This indication is based on the current characteristics and
VAT: DE321639320 features. Performance data, number of stacks, strings and other
components details may still be subject to change.
Detailed Specifications
Nexus 1000 Nexus 500 Flex 120

H₂ nominal flow 210 Nm³/h 105 Nm³/h 25 Nm³/h Net volume flow rate
453 kg/24h 226.5 kg/24h 53.9 kg/24h
H₂ outlet pressure Up to 35 barg = =
H₂ purity 99.95% in molar fraction, = = Impurities: H₂O < 500 ppm,
equals dew point of -30°C O₂ < 5 ppm
H₂ purity with optional dryer 99.999% in molar fraction, = = Impurities: H₂O < 5 ppm,
equals dew point of -65°C O₂ < 5 ppm
H₂ outlet temperature 5 – 55 °C = =
O₂ nominal flow 105 Nm³/h 52,5 Nm³/h 12.5 Nm³/h Vented at atmospheric pressure
Nominal power 1,008 kW 504 kW 120 kW Beginning of life (BOL)
consumption 1,200 kW 600 kW 150 kW Near end of life (EOL)
Voltage 3 × 400VAC = = ± 10 %
Frequency 50 Hz = = THD < 5 %
H₂O nominal consumption 190 L/h 95 L/h 23 L/h Purified water.
H₂O inlet purity (minimum) Type IV water* = = According to ASTM D1193-06
Acidity < 0.1 meq/l According to ASTM D1067
H₂O inlet temperature 5 – 55 °C = = 1 – 4 barg
Operational flexibility 3% – 100% = 12% – 100 % Of nominal H2 flow rate
Turndown ratio 33:1 = 8:1 Maximum flow/Minimum flow
Specific power consumption 4.8 kWh/Nm³H₂ = = Including all utilities inside the
(Efficiency) 53.3 kWh/kgH₂ battery limits (at BOL)
62.5% (LHV)
Hot startup time 0 – 100% in 100 seconds = = Electrolyte is at min. 35° C
Cold startup time 0 – 100% in 30 minutes = = Assuming 5° C ambient
Shut down time 100 – 0 % in 3 minutes = = Normal, gradual shut down
Hot standby power 160 kW Max. 80 kW Max. 20 kW Max. Stacks are hydrated and
consumption electrolyte circulates at min.
temperature (35° C)
Cold standby power 20 kW Max. 10 kW Max. n/a All components in standby;
consumption container heating is on (only
with < 5 °C ambient)
Ambient operating temperature -15 – 35 °C = 5 – 35 °C
Sound Pressure Level 62 db(A) Max. = = At 10 m (Including all utilities)
Start-Stop cycle Max. 5 cycles/day = = Recommended. Strings are
optimized automatically
Process heat output 300 kW 150 kW 35 kW BOL; ~50 °C
Dimensions 16 × 3 × 7.3 m 12.19 × 2.44 × 3.2 × 2.5 × 3 m (L x W x H)
6.89 m
Transport dimensions 16 × 3 × 3 m 12.19 × 2.44 × 20 ft high cube Additional containers needed
2.59 m container
Weight ~40 tons ~31 tons ~3.7 tons
System design lifetime 20 years = =

*In addition to ASTM D1193-06 Type IV water standard, minimum requirements for Total Organic Carbon (TOC), Silica apply. See
here for detailed specifications www.enapter.com/wps

Enapter GmbH Confidential price indication for:

Managing Director: Funda ALTUNKAYNAK, Deha Tech Mak. San. Ve Tic. A.S.
Jan-Justus Schmidt, Philip Hainbach (Offer validity: 30 days) 9
Commercial register: Amtsgericht Charlottenburg This indication is based on the current characteristics and
VAT: DE321639320 features. Performance data, number of stacks, strings and other
components details may still be subject to change.
Price Indication
Hardware - AEM Nexus 1000 Unit Total

AEM Nexus 1000 1 € 2,000,000

420 AEM stack modules, control system, 42 power supplies,
safety system, electrolyte circuit, cooling/heating, assembled,
pre-tested, KOH and Glycol containment; In a 16x3m container.
AEM Nexus 1000 – Discount 5% - € 100,000

AEM Nexus 1000 – Discount per units for 2 units 10% - € 200,000

AEM Nexus 1000 – Discount per units for 5 units 15% - € 300,000

Annual consumables - AEM Nexus 1000 Optional (€ 12,000) €0

Project Execution (for 1 unit)
Project engineering support 1 € 30,000
Installation (Excluding cranes, forklifts & interconnections) 1 € 25,600
Start up, Commissioning and Training 1 € 30,600
Travel to site n/a Charged as incurred +15%

Hardware - AEM Nexus 500 Unit Total

AEM Nexus 500 1 € 1,286,000

210 AEM stack modules, control system, 21 power supplies, safety
system, electrolyte circuit, cooling / heating, assembled and pre-
tested, KOH and Glycol containment; In a 40 ft container.
AEM Nexus 1000 – Discount 5% - €64,300

Annual consumables - AEM Nexus 500 Optional (€ 8,000) €0

Project Execution
Project engineering support 1 € 30,000
Installation (Excluding cranes, forklifts & interconnections) 1 € 25,600
Start up, Commissioning and Training 1 € 30,600
Travel to site n/a Charged as incurred +15%

Enapter GmbH Confidential price indication for:

Managing Director: Funda ALTUNKAYNAK, Deha Tech Mak. San. Ve Tic. A.S.
Jan-Justus Schmidt, Philip Hainbach (Offer validity: 30 days) 10
Commercial register: Amtsgericht Charlottenburg This indication is based on the current characteristics and
VAT: DE321639320 features. Performance data, number of stacks, strings and other
components details may still be subject to change.
Payment Terms
≡ 20% down payment on order confirmation for long lead items purchase
≡ 40% down payment before start of production
≡ 30% before delivery (EXW)
≡ 10% after SAT

Conditions
≡ Incoterms (2020): EXW (Saerbeck)
≡ VAT, other taxes and/or customs not included
≡ Estimated lead time Nexus: 12 months to EXW
≡ Base Date for Price Escalation: 01-Jan-2024
≡ Price escalation: Every 12 months after the base date above, prices will be escalated by the greater of
3% or German PPI (Producer Price Index – as published by Destatis – destatis.de)
≡ All-inclusive servicing agreement available upon request
≡ Enapter multi-core warranty applies www.enapter.com/mw
≡ Enapter terms and conditions applies www.enapter.com/tnc

Enapter GmbH Confidential price indication for:

Managing Director: Funda ALTUNKAYNAK, Deha Tech Mak. San. Ve Tic. A.S.
Jan-Justus Schmidt, Philip Hainbach (Offer validity: 30 days) 11
Commercial register: Amtsgericht Charlottenburg This indication is based on the current characteristics and
VAT: DE321639320 features. Performance data, number of stacks, strings and other
components details may still be subject to change.