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HydrogenPro (OSE: HYPRO) meets the European Hydrogen Bank regulations

On September 27, 2024, the European Hydrogen Bank introduced new terms where prospective projects will not be allowed to source more than 25 percent of electrolyser stacks — covering surface treatment, cell unit production, and stack assembly—from China.  This week, the European Commission shared a letter that further clarifies the regulations. Based on dialogue with investors and analysts, HydrogenPro observes that this has created uncertainty and has led to misunderstandings of the complex supply chain involved in the production of electrolysers. Therefore, HydrogenPro would like to

HydrogenPro ASA – Third quarter 2024 financial results

12 November 2024 - HydrogenPro ASA (OSE: HYPRO): HydrogenPro has today reported its financial results for the third quarter 2024. Achievements and highlights: - Revenues of NOK 72 million in Q3 2024, with a gross margin of 26% - Delivering on the 100 MW Salzgitter project according to plan - Awarded EUR 16.5 million from the EU Innovation Fund to advance plans for a large-scale production facility for third-generation electrode technology - On-track to increase manufacturing capacity of our third-generation electrode technology to 350 MW, operational from Q1 2025 - Ongoing

HydrogenPro and J.H.K. enter into an exclusive partnership for green hydrogen projects in Germany, Austria and Benelux

Oslo, Bremerhaven November 12[th]. 2024 – HydrogenPro, a leading manufacturer in electrolyzer technology, and J.H.K., an established industrial plant construction and engineering company, are pleased to announce an exclusive partnership focused on the implementation of green hydrogen projects in Germany, Austria and the Benelux countries. As part of this collaboration, HydrogenPro will supply its state-of-the-art high-pressured alkaline electrolyzer technology, while J.H.K. will act as plant integrator and EPC (Engineering, Procurement and Construction) contractor, managing project

HydrogenPro ASA - Invitation to Q3 2024 webcast

7 November 2024 - HydrogenPro ASA (OSE: HYPRO) will publish the financial results for the third quarter of 2024 on Tuesday 12 November 2024 at 07:00 CET. The company will host a webcast presentation of the results the same day at 10:00 CET, followed by a Q&A session. The presentation will be held by Jarle Dragvik (CEO) and Martin Thanem Holtet (CFO). Questions can be posted online during the presentation. Link to webcast: https://channel.royalcast.com/hegnarmedia/#!/hegnarmedia/20241112_2 The presentation will be held in English. The report and presentation will be made available

HydrogenPro awarded EUR 16.5 million grant for large scale production of next-generation electrode technology

23 October 2024 - HydrogenPro ASA’s (OSE: HYPRO) Danish subsidiary, HydrogenPro ApS, has been awarded a grant from the EU Innovation Fund of EUR 16.5 million for large scale production of next generation electrode technology that enables our well established and efficient high-pressure alkaline electrolysers to produce with industry-leading efficiency and reduce the Levelized Cost of Hydrogen further. “This confirms EU’s commitment to the energy transition and its acknowledgement of the importance of Hydrogen, their belief in our technology and their commitment to supporting the

HydrogenPro presentation at Pareto Securities' Power & Renewable Energy Conference

HydrogenPro ASA (OSE: HYPRO) - CEO Jarle Dragvik presents the company on Pareto Securities' Power & Renewable Energy Conference today. The presentation material is attached and also available on the Company's website. About HydrogenPro: HydrogenPro is a technology company and an OEM for high pressure alkaline electrolyser and supplies large scale green hydrogen technology & systems. The Company was founded in 2013 by individuals with background from the electrolysis industry which was established in Telemark, Norway by Norsk Hydro in 1927. We are an experienced engineering team of

Manufacturing capacity of next generation technology increased to 350 MW p.a. – operational in Q1 2025

HydrogenPro ASA has over a long period of time developed a unique third-generation electrode technology that enables electrolyzers to produce with industry-leading efficiency and reducing the Levelized Cost of Hydrogen. On June 24, 2024 HydrogenPro ASA announced the decision to invest in a new production line for its third-generation electrodes. The production is expected to start Q1 2025 and after optimization work, the production line will reach a capacity of about 350 MW without any additional investment needed (original investment, 70 MNOK). This has been accomplished by optimizing

HydrogenPro ASA – Q2 2024 Results

20 August 2024 - HydrogenPro ASA (OSE: HYPRO): HydrogenPro has today reported its financial results for the second quarter. Achievements and highlights: - Decision to invest in third-generation electrode technology with a 350 MW capacity manufacturing facility in Denmark. The investment cost is stipulated to NOK 70 million.  - Awarded DKK 35 million from the Export and Investment Fund of Denmark to continue plans for a large-scale production facility for third-generation electrode technology. - Joint validation program for stack performance and operation conditions for the

HydrogenPro ASA - Invitation to Q2 2024

Lysaker, 13 August 2024 - HydrogenPro ASA (OSE: HYPRO) will publish the financial results for the second quarter of 2024 on Tuesday 20 August 2024 at 07:00 CEST. The company will host a webcast presentation of the results the same day at 10:00 CEST, followed by a Q&A session. Questions can be posted online during the presentation. Link to webcast: https://channel.royalcast.com/webcast/hegnarmedia/20240820_3 The presentation will be held in English. The report and presentation will be made available at www.hydrogenpro.com and www.newsweb.no. For further information, please contact:

HydrogenPro investing in capacity to increase production of Gen3 electrodes

PORSGRUNN, June 24, 2024 - HydrogenPro ASA (OSE: HYPRO) to invest in a new production line for its Gen3 electrodes. Total annual capacity will be a minimum of 90-100 MW and the production is expected to start Q1 2025. HydrogenPro ASA has over a long period of time developed a unique Gen3 electrode technology that enables electrolyzers to produce with industry-leading efficiency and reducing the Levelized Cost of Hydrogen. The new production line will quadruple the production capacity of large electrodes. CEO Jarle Dragvik, says in a statement that he is very pleased with the decision.

HydrogenPro to receive substantial grant from the Danish government

Oslo, 31[ ]May 2024. HydrogenPro ASA’s Danish subsidiary has been granted DKK 35 million for the “H2-GIGA factory” project from the Export and Investment Fund of Denmark (EIFO) in order to continue its plans to establish production capacity for next-generation electrode technology in Denmark. The H2-GIGA factory will be designed to produce more than 77,000 electrodes annually matching the electrode requirement for installing 0.5 GW electrolyzer capacity.The planned investment includes one nickel foam production line and 6 electrode plating lines, employing innovative production methods.

HydrogenPro ASA – Q1 2024 Webcast details

Oslo, 7 May 2024 - Following the release of Q1 2024 figures earlier this morning, HydrogenPro ASA (OSE: HYPRO) will host a webcast presentation of the results at 10:00 am CET, followed by a Q&A session. Questions can be posted online during the presentation. The presentation will be held by Jarle Dragvik (CEO), Martin Thanem Holtet (CFO) and Odd-Arne Lorentsen (CTO). Link to webcast: https://channel.royalcast.com/landingpage/hegnarmedia/20240507_3/

HydrogenPro ASA - First quarter 2024 results

7 May 2024 - HydrogenPro ASA (OSE: HYPRO): HydrogenPro has today reported its financial results for the first quarter. Achievements and highlights:   · Secured strategic NOK 82.7m investment from Andritz   · New board elected, chaired by Dag J. Opedal   · Cash balance of NOK 185 mill per 31 March 2024 (increased by NOK 24 mill during the quarter)   · On-going preparations on Salzgitter project - planned completion of manufacturing by Q3 2024   · Awarded compensated 300 MW FEED study in Texas, USA   · On-going feasibility study of expansion of electrode manufacturing

HydrogenPro ASA - Invitation to Q1 2024

Oslo, 30 April 2024 - HydrogenPro ASA (OSE: HYPRO) will publish the financial results for the first quarter of 2024 on Tuesday 7 May 2024 at 07:00 CET. The company will host a webcast presentation of the results, including a technology update by CTO Odd-Arne Lorentsen, the same day at 10:00 CET, followed by a Q&A session. Questions can be posted online during the presentation. Link to webcast: https://channel.royalcast.com/landingpage/hegnarmedia/20240507_3/ The presentation will be held in English. The report and presentation will be made available at www.hydrogenpro.com and www.newsweb.

HydrogenPro ASA: Secures strategic NOK 82.7 million investment from ANDRITZ AG – disclosure of large shareholding

10 April 2024 - HydrogenPro ASA (OSE: HYPRO): HydrogenPro ASA (the "HydrogenPro" or the "Company") is pleased to announce that it has secured NOK 82.7 million in new equity through a private placement of new shares (the "Private Placement") towards ANDRITZ AG ("ANDRITZ"), an international technology group listed on the Vienna stock exchange and one of the leading companies  within green hydrogen technology and systems. Jarle Dragvik, CEO of HydrogenPro, comments: "We are delighted to welcome ANDRITZ as a strategic partner as we continue to execute on our vision of delivering sustainable

Experienced industrial leader nominated to chair the board of HydrogenPro ASA

Following Mr. Terje Mikalsens decision to step down as the Chair of the HydrogenPro ASA board the nomination committee has nominated Mr. Dag J. Opedal as the new Chair of the Board. A new board is to be elected on the company’s annual general meeting on April 22[nd].Mr. Dag J. Opedal (1959) holds a degree in economics and business administration from NHH (in Norwegian: "siviløkonom") in Norway and earned an MBA from INSEAD business school in France. Mr. Opedal has extensive managerial experience from previous positions in several public and private companies. He is a former CEO of Orkla ASA

HydrogenPro with a tenfold increase in their revenues in 2023

PORSGRUNN, March 22, 2024 - HydrogenPro ASA reported a tenfold increase in their revenues from 56 MNOK in 2022 to 568 MNOK in 2023. The EBITDA has also improved significantly from – 105 MNOK to – 36 MNOK.Following one of the largest contracts ever being made in the industry in 2022 to the Advanced Clean Energy Storage Hub (ACES Delta), HydrogenPro ASA is delivering strong results in 2023.  HydrogenPro completed its manufacturing and delivery of 40 large scale electrolyzers in 2023, and the initial value of the contract exceeds USD 50 million for HydrogenPro’s scope of delivery. The Advanced

HydrogenPro ASA: Integrated Report 2023

22 March 2024 – HydrogenPro ASA (OSE: HYPRO) has today published its Integrated Report 2023, including ESG reporting and complete 2023 annual accounts with notes. Please find a PDF version of the Integrated Report, as well as the report in European Single Electronic Format (ESEF), as attachments to this release. The report is also available at the company's website. For further information, please contact: Martin Thanem Holtet, CFO +47 922 44 902 martin.holtet@hydrogenpro.com About HydrogenPro: HydrogenPro is a technology company and an OEM for high pressure alkaline

HydrogenPro ASA - Exercise of options

Oslo, 6 March 2024: Option holders under HydrogenPro ASA's ("HydrogenPro" or the "Company", ticker code: HYPRO) share incentive program have today exercised a total of 216,000 options with a strike price of NOK 7.00 per share. Further to the above, the Company's board of directors has in a board meeting held today, on 6 March 2024, resolved to increase the Company's share capital by a total of NOK 4,320, by issuance of 216,000 new shares in the Company. The share capital increase was resolved pursuant to an authorization to increase the Company's share capital granted by the annual

HydrogenPro ASA - Q4 2023 Webcast details

Oslo, 27 February 2024 - Following the release of Q4 2023 figures earlier this morning, HydrogenPro ASA (OSE: HYPRO) will host a webcast presentation of the results at 10:00 am CET, followed by a Q&A session. Questions can be posted online during the presentation. The presentation will be held by Jarle Dragvik (CEO), Martin Thanem Holtet (CFO) and Jeff Spethmann (CEO of the US subsidiary, HydrogenPro Inc). Link to webcast: https://channel.royalcast.com/landingpage/hegnarmedia/20240227_5/ For further information, please contact: Martin Thanem Holtet, CFO, +47 922 44 902 About

HydrogenPro ASA - Delivering positive EBITDA in Q4 2023

27 February 2024 – HydrogenPro ASA (OSE: HYPRO): HydrogenPro has today reported its financial results for the fourth quarter. Achievements and highlights of the quarter: · Revenues for the quarter of NOK 127 million and NOK 568 million year to date. For 2023 as a whole that represents a 10x increase on 2022. · Gross Profit of NOK 56 mill (44% margin) and Adj. EBITDA of NOK 12 mill (10% margin) · Received firm 100 MW Purchase Order from ANDRITZ for 18 cell stacks · Completed manufacturing and delivery of 220MW to the ACES project · Strengthened organisation with Jeff

HydrogenPro ASA - Invitation to Q4 2023 results presentation

Oslo, 20 February 2024 - HydrogenPro ASA (OSE: HYPRO) will publish the financial results for the fourth quarter of 2023 on Tuesday 27 February 2024 at 07:00 CET. The company will host a webcast presentation of the results the same day at 10:00 CET, followed by a Q&A session. Questions can be posted online during the presentation. Link to webcast: https://channel.royalcast.com/landingpage/hegnarmedia/20240227_5/ The presentation will be held in English. The report and presentation will be made available at www.hydrogenpro.com and www.newsweb.no. For further information, please contact:

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