Hydrogenious LOHC Technologies to Lay Off Nearly Half of Workforce in Erlangen
Hydrogenious LOHC Technologies in Erlangen will lay off 50 of its 110 employees due to economic challenges. The majority of job losses will occur in Erlangen, with some impact in Neuss. Despite a €72.5 million funding announcement, the company cites geopolitical crises and regulatory delays as reasons for the layoffs. The firm plans to focus on small-scale projects amid ongoing difficulties in the hydrogen market.
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Hydrogenious LOHC Technologies, based in Erlangen, is set to lay off nearly half of its workforce, totaling 50 employees out of 110, primarily at its Erlangen site. This decision follows previous job cuts in late 2024, despite receiving a €72.5 million funding grant.
The company cites geopolitical crises, increased renewable energy prices, and delays in regulatory frameworks as key factors impacting the hydrogen market. The firm will shift focus to small-scale projects as the hydrogen market fails to show significant improvement, with private and public investments diverting to other markets. A restructuring of the company is also planned, with no further layoffs currently anticipated.
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