HydrogenPro secures strategic NOK 82.7 million investment

16/04/2024, 06:21

Image: HydrogenPro

HydrogenPro ASA has secured NOK 82.7 million in new equity through a private placement to ANDRITZ AG, an international technology company listed in Vienna and a leading company in green hydrogen plants and solutions.

Hilde Wexels Riser

HydrogenPro set a new strategic direction in August 2023 led by CEO Jarle Dragvik: 1. Increase presence in the USA and 2. Seek strategic partnerships and alternative financing, which the company is delivering on. First through establishing and developing a sales organization in the USA, and now through this strategic investment made by their partner ANDRITZ.

Jarle Dragvik, CEO of HydrogenPro comments: “We are pleased to strengthen the partnership with ANDRITZ as we execute our vision of delivering green hydrogen solutions globally. They bring valuable industrial expertise as one of the leading players in green hydrogen plants and solutions. Thanks to ANDRITZ and their EPC (Engineering, Procurement and Construction) capacity, HydrogenPro together with ANDRITZ will achieve total turnkey deliveries that many of our customers expect. I have been actively engaged in the collaboration with ANDRITZ over the past nine months and believe this positions us well to continue developing HydrogenPro in line with our strategy.”

The translation was written by an AI system, though the original text was authored by a human.