HydrogenPro has signed a contract with Mitsubishi Power Americas for the initial delivery of 40 electrolysers, making it one of the largest electrolyzer system contracts ever signed.
HydrogenPro’s scope of work is valued at over USD 50 million at the outset of the contract. Other companies will provide the EPC and other system deliverables needed to build a turnkey electrolyser green hydrogen production plant. In the United States, the green hydrogen will be used to generate electricity.
“This is a major breakthrough for HydrogenPro. It demonstrates that our technology is well suited for large-scale projects such as this, which will make affordable, reliable and clean hydrogen widely available to customers. We are extremely proud to be partnering with Mitsubishi Power in delivering technological advancements to attain a carbon-free hydrogen society,” said Elling Nygaard, CEO of HydrogenPro.
The purchase order is contingent on a final investment decision being made, which is anticipated in the first half of 2022 at the earliest.. However, Mitsubishi Power has made a non-refundable commitment, allowing HydrogenPro to begin production.
“The U.S. has adopted an ambitious strategy to accelerate the green energy transition through major investments and support for clean energy initiatives. We regard this as a great opportunity for HydrogenPro, and today’s announcement is a confirmation of the significant potential that resides in the U.S. market for us,” said Nygaard.
