10 August 2021: HydrogenPro AS (OSE: HYPRO) has appointed Erik Chr. Bolstad as Chief Commercial Officer (CCO). 

HydrogenPro AS (HYPRO) is pleased to announce the appointment of Erik Chr. Bolstad as new Chief Commercial Officer (CCO). Mr. Bolstad has more than 20 years experience from various senior positions within ABB Marine and extensive experience from sale and marketing of large complex international projects.  Erik will take up his new role on 1st of September 2021.

“We are very pleased to welcome Erik to HydrogenPro. He brings significant experience and competence which is relevant for the developing green hydrogen industry. With his appointment we are reinforcing our current strong commercial team and thus gearing up our ability to successfully pursue an increasing number of projects”, says Mårten Lunde, CEO of HydrogenPro AS.



For more information, please contact: 

Mårten Lunde, CEO, +47 48 14 84 51, marten@hydrogen-pro.com
 
Martin T. Holtet, CFO, +47 92 24 49 02, martin@hydrogen-pro.com

 
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.