HydrogenPro signs a large-scale contract for an initial delivery of 40 electrolysers

Source: press release, 2 February 2022

HydrogenPro CEO, Elling Nygaard
HydrogenPro CEO, Elling Nygaard (photo: HydrogenPro)

HydrogenPro AS has signed a contract for an initial delivery of 40 electrolysers to Mitsubishi Power Americas, Inc., making it one of the largest electrolyser system contracts ever placed. The initial value of the contract exceeds USD 50 million for HydrogenPro’s scope of delivery. The EPC and other system deliverables for a turn-key electrolyser green hydrogen production plant will be supplied by other companies. The green hydrogen will be consumed for power generation in the US.

“This is a major breakthrough for HydrogenPro. It demonstrates that our technology is well suited for large-scale projects such as this, which will make affordable, reliable and clean hydrogen widely available to customers. We are extremely proud to be partnering with Mitsubishi Power in delivering technological advancements to attain a carbon-free hydrogen society,” says Elling Nygaard, CEO of HydrogenPro.

The purchase order is dependent on a final investment decision, which is expected in the first half of 2022. However, a nonrefundable commitment has been made by Mitsubishi Power, enabling HydrogenPro to prepare for production.

“The US has adopted an ambitious strategy to accelerate the green energy transition through major investments and support for clean energy initiatives. We regard this as a great opportunity for HydrogenPro, and today’s announcement is a confirmation of the significant potential that resides in the US market for us,” says Nygaard.