5 October 2021: HydrogenPro AS (OSE: HYPRO) – With reference to the stock exchange notice published 1 October 2021 regarding proposed changes to the Board of Directors of HydrogenPro, the Extraordinary General Meeting of HydrogenPro AS will be held on 18 October 2021 at 12:00 CEST. Location: HydrogenPro’s premises at Hydrovegen 6, 3933 Porsgrunn, Norway.

Please find enclosed the notice of Extraordinary General Meeting and a summary of the CVs for the nominated board members. The documents are also available at www.hydrogen-pro.com.

Votes may be submitted by proxy with or without voting instructions in advance of the meeting or by physical attendance during the meeting. The deadline for receiving proxies and register attendance is 15 October 2021 at 15:00 CEST. 

For more information, please contact: 
Ellen Hanetho, +47 48 22 07 50
Walter Qvam, +47 90 52 52 26


About HydrogenPro:

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 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 disclose requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Notice of EGM - HydrogenPro AS 18 October 2021

Summary of CVs of proposed board members HydrogenPro