ANDRITZ has placed a substantial order for the completion of a 100 MW green hydrogen plant in Rostock, Germany. The project, contingent on final order confirmation, will see ANDRITZ provide complete EPC services utilizing HydrogenPro’s advanced high-pressure alkaline electrolysers — a collaboration signaling a step forward in the realization of Europe’s green hydrogen roadmap.
The joint endeavor illustrates a key strategic move by HydrogenPro to solidify its market position. While industry reports highlight HydrogenPro’s roles in major projects in the US and Europe, the current order is notably one of the largest of its kind in Germany. The project aligns with the European Union’s Green Deal, which underscores the necessity of clean hydrogen in achieving net-zero emissions by 2050.
Sami Pelkonen, EVP Green Hydrogen at ANDRITZ, emphasized the order as a milestone within their partnership, highlighting the strengthening role they play in Europe’s green hydrogen supply chain. The substantial scale of the order aligns with HydrogenPro’s ambitious trajectory of contributing significantly to de-carbonization efforts. HydrogenPro’s CEO, Jarle Dragvik, has reiterated the commitment to leverage strategic partnerships to dampen CO2 emissions across the continent.
Recent financial disclosures from HydrogenPro exhibit a stable trajectory. The firm recorded commendable financial performances with a Q3 2024 revenue report showing NOK 72 million and a gross margin of 26%. The figures were bolstered by their timely delivery on a 100 MW Salzgitter project and a significant EUR 16.5 million grant from the EU’s Innovation Fund for novel electrode technology.
Despite this, the pathway is not without hurdles. The inherent complexity of scaling hydrogen operations, together with the high capex requirements, presents consistent challenges. HydrogenPro has proactively addressed these concerns through strategic financial arrangements, including securing NOK 140 million from investors, which positions them favorably for upcoming expansions.
The partnership between HydrogenPro and ANDRITZ also highlights a potential solution to Europe’s energy transition as both companies aim to reduce reliance on fossil fuels through technology innovations. The high-pressure alkaline electrolyser technology, central to the Rostock project, promises efficiency and scalability — vital components for nationwide green hydrogen adoption.
This project in Germany is indicative of broader trends across the region, where projects ranging from 5 MW to 100 MW are increasingly common. Initiatives spearheaded by firms like HydrogenPro could feasibly catalyze substantial reductions in the carbon footprint of European power generation sectors.
