Mitsubishi Confirms Purchase Order for 40 Electrolyzer Systems from HydrogenPro

HydrogenPro AS (OSE: HYPRO) announced that the purchase contract for an initial delivery of 40 electrolyzer systems from Mitsubishi Power Americas, Inc. had been converted into a firm purchase order.

The stock exchange notices dated 2 February 2022 announced the purchase contract for this order.

A firm purchase order has now been entered into between the parties.

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The initial value of the contract exceeds USD 50 million for HydrogenPro’s scope of delivery. The engineering, procurement, and construction (EPC) and other system deliverables for a turn-key electrolyzer green hydrogen production plant will be supplied by other companies.

A nonrefundable commitment was made by Mitsubishi Power in February, enabling HydrogenPro to prepare for production.

“This is one of the largest electrolyzer system contracts ever, and it illustrates the accelerating green energy transition currently taking place in the United States. This presents the tremendous market potential for the hydrogen industry, said Elling Nygaard, CEO of HydrogenPro.

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