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March 21, 2023
HydrogenPro to construct new
electrolyzer plant in Texas
HydrogenPro (Porsgrunn, Norway) will expand in the U.S. with a new
plant in Texas with a manufacturing capacity of 500 MW. With this,
HydrogenPro will take a market-leading position and become the only
viable large-scale player providing high-pressure alkaline
electrolyzer technology and systems.
“I am excited to announce that HydrogenPro is expanding and more than
doubling our production capacity”, says CEO Tarjei Johansen.
This move will increase HydrogenPro’s manufacturing capacity to 800 MW
in total and represents a major milestone in establishing a global
presence. The estimated total investment will cost up to $50 million.
The investment cost includes a separate advanced electrode
manufacturing facility, representing a technology game changer in the
HydrogenPro solutions offering. This technology is invented at HydrogenPro’s
R&D department in Denmark.
The US market has been served by HydrogenPro’s European sales team for
some time, which has resulted in a significant pipeline of relevant
and attractive projects already in progress. The US organization will
be ramped-up in parallel with the manufacturing expansion.
As the Inflation Reduction Act (IRA) passed by Congress in August 2022
is beginning to show effects, the US has become the market leader on
green hydrogen. The favorable tax scheme for producers of green
hydrogen has resulted in surging demand. According to Johansen it is
growing 4-6 times compared to pre-IRA figures:
- We have
great confidence in our technology and systems being an excellent
fit for large-scale industrial applications, where we are now seeing
an unprecedented increase in demand for green hydrogen following the
IRA. Consequently, establishing a manufacturing site to serve the
North American market is a natural next step in our global expansion
plan, and a very exciting opportunity for our company!
The US market is HydrogenPro’s top priority, and manufacturing
capacity on this continent provides a fundamental platform to succeed
with the announced growth ambitions.
- The US
factory will be our bridgehead into the North American market. A key
factor for us to become the leading provider of green hydrogen
technology and systems is our presence across continents, securing
sustainable and local supply chains”, says Johansen.
The new site is planned to have an initial capacity of 500 MW with the
option to significantly scale up the capacity to several gigawatts in
due time.
Green Play Ammonia™, Yielder® NFuel Energy.
Spokane, Washington. 99212
www.exactrix.com
509 995 1879 cell, Pacific.
exactrix@exactrix.com
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