Norway-based HydrogenPro ASA has secured NOK 82.7m ($7.65m) in new equity through a private placement of new shares towards ANDRITZ AG, an international technology group listed on the Vienna stock exchange and one of the leading companies within green hydrogen plants and solutions.
HydrogenPro embarked on a new trajectory in August last year, expanding its presence in the United States and seeking strategic partnerships and alternative funding sources, according to a news release.
Jarle Dragvik, CEO of HydrogenPro, comments: “We are delighted to strengthen the ANDRITZ partnership as we continue to execute on our vision of delivering sustainable hydrogen solutions globally. They bring valuable industrial expertise as one of the leading actors within green hydrogen plants and solutions. Thanks to the partnership with Andritz and their EPC (Engineering, Procurement and Construction) capability, HydrogenPro will together with Andritz achieve full scope delivery, fulfilling requirements of many customers in the large-scale electrolysis sector.”
