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PORSGRUNN, Norway, Oct. 23, 2024 /PRNewswire/ — HydrogenPro ASA’s (OSE: HYPRO) Danish subsidiary, HydrogenPro ApS, has been awarded a lend from the EU Innovation Investmrent of EUR 16.5 million for broad scale manufacturing of subsequent era electrode era that permits our neatly established and environment friendly high-pressure alkaline electrolysers to manufacture with industry-leading potency and shed the Levelized Value of Hydrogen additional.
“This confirms EU’s commitment to the energy transition and its acknowledgement of the importance of Hydrogen, their belief in our technology and their commitment to supporting the development of hydrogen equipment manufacturing. The awarded grant is a significant milestone for HydrogenPro’s commercialisation of our unique electrode technology as lever for maintaining our position as a technology frontrunner and a positive signal to our present and future customers”, says CEO of HydrogenPro Jarle Dragvik.
The lend is a key property to financing of the H2-GIGA mission and springs along with the DKK 35 million awarded in Would possibly 2024 by way of the Export and Funding Investmrent of Denmark. Blended those grants represents greater than 50% of the entire funding scope for the mission.
A full-scale manufacturing series is recently underneath set up on the R&D centre in Denmark and is anticipated to be operational by way of Q1 2025 with 350 MW capability once a year. The H2-GIGA large-scale manufacturing unit will leverage off the revel in from the full-scale manufacturing series and be designed in order spare capability of 500MW, with room to scale up considerably to satisfy additional call for from shoppers.
CONTACT:
Martin Thanem Holtet, CFO
+47 922 44 902
This knowledge used to be dropped at you by way of Cision http://news.cision.com
Refer to information are to be had for obtain:
SOURCE HydrogenPro ASA
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