On September 27, 2024, the European Hydrogen Bank introduced new terms where prospective projects will not be allowed to source more than 25 percent of electrolyser stacks — covering surface treatment, cell unit production, and stack assembly—from China. This week, the European Commission shared a letter that further clarifies the regulations.
Based on dialogue with investors and analysts, HydrogenPro observes that this has created uncertainty and has led to misunderstandings of the complex supply chain involved in the production of electrolysers.
Therefore, HydrogenPro would like to clarify the following: HydrogenPro fully complies with the European Hydrogen Bank’s funding requirements for our European projects. Any necessary adjustments to our supply chain will be minimal.
Jarle Dragvik, CEO of HydrogenPro ASA, comments: ‘’We have thoroughly analyzed our supply chain based on the EU regulations, which includes our electrode production in Denmark and assembly at our collaboration and EPC partner ANDRITZ AG’s site in Germany, and we are confident we will comply with all regulations.”
HydrogenPro leads the global green hydrogen industry, being the exclusive supplier for two of the largest green hydrogen projects globally. Working closely with ANDRITZ, we will continue to deliver the largest projects in Europe.
For further information, please contact:
Martin Thanem Holtet, CFO +47 922 44 902
About HydrogenPro:
HydrogenPro, established in 2013, specializes in pioneering green hydrogen technology solutions in partnership with global collaborators and suppliers. Our flagship products are high-pressure alkaline electrolysers, featuring some of the most advanced technology available. Our team comprises highly skilled professionals, including key experts in global hydrogen technology. Currently, we operate R&D, sales, and manufacturing facilities across Denmark, Germany, the US, and China, with plans for further global expansion.
Headquartered at Herøya, Norway, our proudest achievement lies in developing cutting-edge high-pressure alkaline electrolyzers, including proprietary electrode technology that enhances our global competitiveness. Designed for scalability with renewable energy inputs, our electrolysers offer cost-effective solutions crucial for enhancing sectors like wind, solar, and other renewables in the energy transition.
Green hydrogen, as a versatile energy carrier, plays a pivotal role in advancing the green energy shift. At HydrogenPro, we are dedicated to leading the green hydrogen industry forward with our innovative technology and expertise, driving towards a sustainable future.
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