HydrogenPro AS – Invitation to Q2 2022 results presentation

Porsgrunn, 17 August 2022 - HydrogenPro AS (OSE:HYPRO) will publish the financial results for the second quarter 2022 on Tuesday 23 August 2022 at 07:00 CET.

The company will host a webcast presentation of the results the same day at 10:00 CET followed by a Q&A session with questions to be posted online during the presentation. Link to webcast: https://channel.royalcast.com/landingpage/hegnarmedia/20220823_4/

The presentation will be held in English by interim CEO Richard Espeseth and CFO Martin Thanem Holtet.

The report and presentation will be made available at www.hydrogen-pro.com and www.newsweb.no.

HydrogenPro in brief:

HydrogenPro designs and supplies large scale 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 organisation 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.