HydrogenPro

HydrogenPro's strategic partner, Andritz, announced yesterday that they have entered into an agreement on a FEED study for the establishment of a significant hydrogen factory of 200 MW in Kristinestad, Finland. The customer is Koppö Energia, a joint venture between the German Asset Management company Prime Capital and CPC Finland, a subsidiary of CPC Germany, which develops and produces green energy. The FEED study will include a complete hydrogen factory, including the high-pressure alkaline electrolyser technology of HydrogenPro. This is the first agreement in the strategic collaboration between HydrogenPro and Andritz.

“We are very pleased to be part of this historic agreement together with ANDRITZ. This order is a clear sign that the industry is moving in the right direction, also in the Nordics. We are proud to be able to contribute with our expertise and technology to make this project a success”, says CEO of HydrogenPro, Tarjei Johansen.

HydrogenPro and the Austrian giant Andritz announced their strategic partnership in April this year. This involves, among other things, a collaboration for the assembly of electrolysers for the European market, as well as a possible scale-up of production. This FEED study, which is expected to have a final investment decision in Q1 2024, is the first project in this collaboration, and the first step in making the companies leaders on the European market.

“We are happy that our collaboration is materialising itself so quickly, and it shows that our technology is very competitive. We have already increased production capacity by 66 per cent this year, and have expectations of more European contracts”, says Johansen.

For additional information, please contact:
Martin Thanem Holtet, Chief Financial Officer
Email: martin@hydrogen-pro.com
Phone: +47 922 44 902

Ida Eilertsen Nygård, Head of Investor Relations and ESG
Email: ida@hydrogen-pro.com
Phone: +47 986 11 952 

About HydrogenPro:
HydrogenPro is a technology company and an OEM for high pressure alkaline electrolyser and supplies large scale green hydrogen technology & systems. The Company was founded in 2013 by individuals with background from the electrolysis industry which was established in Telemark, Norway by Norsk Hydro in 1927. We are an experienced engineering team of leading industry experts, drawing upon unparalleled experience and expertise in the hydrogen and renewable energy industry.