OSLO, Norway, Aug. 20, 2024 /PRNewswire/ -- HydrogenPro ASA reports an eventful second quarter ending with an investment in the third generation technology with a 350 MW manufacturing facility in Denmark. The cash balance has also been strengthened with from NOK 185 million to NOK 247 million. With the experience obtained as a supplier to two of the major projects in the US and Europe the company remains well positioned to continue to be among the few companies that can deliver large scale electrolyzer projects.
By the end of this quarter HydrogenPro decided to invest NOK 70 million in the third generation technology with a 350 MW capacity manufacturing facility in Denmark. In comparison, the capacity of this facility is as much as 70% of the capacity at the Tianjin plant in China (500 MW). This will enable ...
