Hydrogen Pro AS (OSE: HYPRO) Announces Purchase Order from Mitsubishi Power for the World’s Largest Single Stack High-pressure Alkaline Electrolyser System
24 August 2021: HydrogenPro AS (OSE: HYPRO) has received a purchase order from Mitsubishi Power for the world’s largest single stack high-pressure alkaline electrolyser system to produce hydrogen. The companies are scaling and validating hydrogen technology to enable global efforts to decarbonize.
The large single stack first-of-its-kind electrolyser system will have a capacity of 1100 normal cubic metres per hour (Nm3/h). It will be installed at Herøya Industrial Park in Norway during 1st quarter 2022 with Hydrogen Pro operating the facility and work will start immediately. The companies have agreed not to disclose the contract value. Pricing is in line with indications previously provided by HydrogenPro in investor material from October 2020.
Through an early phase cooperation, the companies will carry out a structured validation program and optimize production. Later in the year, they plan to introduce similar electrolyser technology in the U.S. market. The validation and optimization program will play an important role in customer adoption.
“This is an important strategic order. We are delighted to work with Mitsubishi Power to construct this plant and to implement a joint verification program designed to optimize our electrolysers for the U.S. market, which is expected to offer significant opportunities during the coming years”, says Mårten Lunde, CEO, HydrogenPro AS.
Paul F. Browning, President and CEO, Mitsubishi Power Americas, and Chief Regional Officer, Europe, Africa, the Middle East and the Americas, Mitsubishi Power, said, “At Mitsubishi Power, our approach to introducing enhanced technology has always been to validate our technology before we deploy it at a customer project. As we lead our industry in deploying utility-scale green hydrogen infrastructure, we are pleased to partner with HydrogenPro in deploying high-pressure Alkaline electrolysis products and services. This technology has been used around the world for decades, and we will support HydrogenPro enhance and scale their products, while also deploying a global supply chain. Together with our customers and partners, we are creating a Change in Power.”