HydrogenPro signs a contract for an initial delivery of 40 electrolyzers to Mitsubishi Power Americas

city skyline new york skyscrapers
Photo by Pixabay on Pexels.com
  • The initial value of the contract exceeds USD 50 million
  • The purchase order is dependent on a final investment decision, which is expected in the first half of 2022

HydrogenPro AS (OSE: HYPRO) has signed a contract for an initial delivery of 40 electrolyzers to Mitsubishi Power Americas, Inc. 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 electrolyzer green hydrogen production plant will be supplied by other companies. The green hydrogen will be consumed for power generation in the U.S.

Read More:

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,

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.

Leave a Reply

Your email address will not be published.