Porsgrunn, 16th November 2021 – HydrogenPro AS (OSE:HYPRO) reports the financial results for the third quarter 2021 on Monday 22 November at 07:00 CET.
The company will host a webcast presentation of the results the same day at 10:00 CET followed by a Q&A session with questions to be posted online during the presentation.
The presentation will be held in English by CEO Elling Nygaard and CFO Martin Thanem Holtet.
HydrogenPro in brief:
HydrogenPro designs and supplies customized hydrogen plants in cooperation with global partners and suppliers, all ISO 9001 certified.
The Company was founded in 2013 by individuals with background from the electrolysis industry which was established in Telemark, Norway by Norsk Hydro in 1927. We are an experienced engineering team of leading industry experts, drawing upon unparalleled experience and expertise in the hydrogen and renewable energy industry.
Our core product is the alkaline high-pressure electrolyser. With our new electrode technology, we are able to increase the efficiency of each unit by 14% to reach 93% of the theoretical maximum. This is a significant step forward as the cost of electric power, depending on market prices, amounts to 70-90% of the cost of producing hydrogen, the value of such increased efficiency equals approximately the investment cost for the entire plant in a Total Cost of Operation perspective. The Company is targeting a production cost for green hydrogen of USD 1.2 per kg in 2022.