Pareto: HydrogenPro got a new order from Mitsubishi

HydrogenPro receives purchase order from Mitsubishi 
HydrogenPro announced today that it has received a purchase order from Mitsubishi for a single stack high-pressure alkaline electrolyser system. This single stack high-pressure alkaline electrolyser system will be the largest of is kind to ever be built, equaling anelectrolyser effect of >5MW. The companies have not disclosed the contract value, but we expect this to be in the region of USD ~3.5m. The system will be delivered in Q1’21 at Herøya, Norway. The project will serve as a validation program to optimize the electrolysers for market introduction in the US market. Reportedly the companies are working actively on the US market introduction, and we expect news on this later in this year. This announcement provides comfort to our estimated revenues from Mitsubishi contracts. Buy, TP NOK 50.                          Other commentsThis electrolyser will not have the high efficiency electrode coating technology, but the parties expect to implement this for later projects with MitsubishiThe electrolyser will operate close to HydrogenPro’s existing sites at Herøya, NorwayThe system will have a capacity of 1100 normal cubic meters per hour, approximately equal to 100kg/hour

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s