Hydrogenpro received electrolyzer purchase order for takasago hydrogen park in Japan from Mitsubishi Heavy Industries.
HydrogenPro AS (OSE: HYPRO) announced that it has received a purchase order for a large electrolyser from Mitsubishi Heavy Industries Ltd. (MHI).
The initial value of the contract exceeds USD 3 million for HydrogenPro’s scope of delivery. The engineering, procurement and construction (EPC) and other system deliverables for a full turn-key electrolyser hydrogen production plant will be supplied by third parties.
Elling Nygaard, CEO of HydrogenPro:
This order is another important milestone marking our close cooperation with MHI.
“It will enable MHI to verify and prepare our technology for the Japanese market, which holds great potential for green hydrogen.”
The Electrolyser plant is planned to be operational by mid-2023. The planned electrolyser plant is similar to the verification plant ongoing at Herøya Industripark, but customised to meet Japanese regulations. The verification plant at Herøya includes the world’s largest single-stack high-pressure alkaline electrolyser system. Thanks for staying up to date with Hydrogen Central.
For more information, please contact:
Elling Nygaard, CEO, +47 908 44 194, elling@hydrogen-pro.com
Martin T. Holtet, CFO, +47 92 24 49 02, martin@hydrogen-pro.com
About HydrogenPro:
HydrogenPro designs and supplies customized hydrogen plants in cooperation with global partners and suppliers, all ISO 9001, ISO 45001 and ISO 14001 certified.
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.
Our core product is the alkaline high-pressure electrolyser. With the new electrode technology, we are able to increase the efficiency of each unit by 14% to reach 93% of the theoretical maximum.
This is a significant step forward as the cost of electric power, depending on market prices, amounts to 70-90% of the cost of producing hydrogen, the value of such increased efficiency equals approximately the investment cost for the entire plant in a Total Cost of Operation perspective.
The Company is targeting a production cost for green hydrogen of USD 1.2 per kg in 2022.
This information is subject to the disclosure requirements pursuant to the Market Abuse Regulation (MAR) Article 17 no. 1 and section 5-12 of the Norwegian Securities Trading Act.
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HydrogenPro received Purchase Order for Takasago Hydrogen Park in Japan from Mitsubishi Heavy Industries, April 19, 2022
