HydrogenPro AS – Notice of Annual General Meeting 2022

Porsgrunn, 3rd of May 2022. – HydrogenPro AS will hold its Annual General Meeting on Thursday 12 May at 11:00 CEST. The meeting notice, including the Board of Directors’ proposed resolutions for the items listed on the agenda, is enclosed. The full notice and a guide to participate in the General Meeting are available on the company’s website. The General Meeting will be held as a hybrid meeting, where meeting attendants can choose between online and physical meeting attendance.

For more information, please contact:
Martin T. Holtet, CFO, +47 92 24 49 02, martin(at)hydrogen-pro.com

About HydrogenPro:
HydrogenPro designs and supplies customized hydrogen plants in cooperation with global partners and suppliers, all ISO 9001, ISO 45001 and ISO 14001 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 the 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.

This information is subject to the disclosure requirements pursuant to the Market Abuse Regulation (MAR) Article 17 no. 1 and section 5-12 of the Norwegian Securities Trading Act.