Fruitful discussions with local government in Tianjin
6th December 2021. HydrogenPro recently announced an investment in a 75 percent-owned technology and production facility in Tianjin, China. The company was shortly thereafter invited by the Tianjin Municipal Bureau of Commerce to their office to exchange information about the project.
It was Mr. He Zhi Neng of Tianjin Municipal Bureau of Commerce who invited HydrogenPro to the meeting.
“The Tianjin Municipal Bureau of Commerce impressed us with their knowledge about hydrogen and the renewable energy sector. We met Mr. He and his team for a fruitful discussion that HydrogenPro really appreciated,” says Richard Espeseth, Chief Business Development Officer of HydrogenPro.
HydrogenPro recently reached an agreement with Tianjin HQY Hydrogen Machinery (THM), which has transferred its electrolysers technology to a new company that is majority owned by HydrogenPro. The first step is to expand existing electrolyser capacity up to 300MW in Tianjin, thereby completing the first major step of HydrogenPro’s global technology and fabrication plan.
Among several topics, the two parties discussed a 60,000-80,000 m2 plot where a future giga-factory may be located. Furthermore, they discussed how to reduce the CO2 footprint by powering the factory by solar panels.
“The meeting took twice the scheduled time, as both parties had many ideas to share with each other. There was a clear intention to follow up with a new meeting to look into more specific topics, including how the local government facilitate the construction of a giga factory,” says Espeseth.
THM has a long-standing history of producing electrolyser components, parts, and systems as a supplier to the electrolyser industry in China and has over the past years expanded into assembly and sales of complete electrolysers.
“The production facility, which will be located in Tianjin, will be equipped with new machines which have already been purchased. It is expected to be ready for pilot production by the end of this month. We are very excited about this project, and we look forward to cooperating with the Tianjin Municipal Bureau of Commerce,” Espeseth concludes.
The HydrogenPro team wishes to send its best regards to Mr. He and his team for a warm welcome and intentions of strong support.
HydrogenPro in brief:
HydrogenPro designs and supplies customized hydrogen plants in cooperation with global partners and suppliers, all ISO 9001 certified.
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 leading industry experts, drawing upon unparalleled experience and expertise in the hydrogen and renewable energy industry.
Our core product is the alkaline high-pressure electrolyser. With our new electrode technology, we are able to increase the efficiency of each unit by 14% to reach 93% of the theoretical maximum. This is a significant step forward as the cost of electric power, depending on market prices, amounts to 70-90% of the cost of producing hydrogen, the value of such increased efficiency equals approximately the investment cost for the entire plant in a Total Cost of Operation perspective. The Company is targeting a production cost for green hydrogen of USD 1.2 per kg in 2022.
