We are excited to share an exclusive interview with our CEO, Jarle Dragvik, where he delves into the future of green hydrogen and HydrogenPro’s role in this transformative industry.
Here are some key takeaways from the interview:
Opportunities and Challenges in the Hydrogen Market
Hydrogen is poised to play a crucial role in reducing global CO2 emissions by 20% by 2050. The market is rapidly scaling up, with projects expanding from 10 MW to several hundred MW, focusing on large-scale solutions. HydrogenPro targets large-scale consumers, competing primarily with fossil fuels.
Why Invest in HydrogenPro?
- Technology Focus:
Our third-generation electrode technology significantly reduces electricity costs for green hydrogen production.
Lean Organization:
We efficiently deliver large projects, leveraging our core technology and strong partnerships.
- Cost-Effective Supply Chain:
We create value for shareholders with lower costs compared to many competitors. - Strong Partnerships:
Collaborations with major players like Andritz in Europe and Mitsubishi Power in the USA enable us to provide turnkey solutions. - Proven Track Record:
We have delivered technology for 2 of the 10 largest projects in the world, demonstrating our robust and effective solutions.
The Cost of Green Hydrogen
While renewable energy remains more expensive than fossil fuels in many Western countries, it is already cheaper in countries like India. The hydrogen market is evolving similarly to solar energy, which has become the cheapest form of energy to produce.
Challenges with the European Hydrogen Bank and Chinese Content
HydrogenPro offers competitive solutions globally, meeting European Hydrogen Bank requirements with minor adjustments and reducing dependence on China. Most projects are self-financed by project owners.
Impact of Trump Taking Office in the USA
Hydrogen hubs in the USA are largely governed by Republican states, with tax subsidies being a key component of federal support programs. We see good progress in several planned projects in the USA.
Our electrolyzers require 5 MW and produce 1,050 Nm³/hour based on 4.8 kWh/Nm³. Our next generation will achieve less than 4.4 kWh/Nm³, representing a further 10% improvement.
Join us in driving the future of decarbonization! 🌟