HydrogenPro ASA will take its first major step into the US market with the establishment of 500 MW manufacturing capacity in Texas, US, with an estimated total investment cost of USD 30-50 million. The brownfield investment includes a separate advanced electrode manufacturing facility, representing a technology game changer in the HydrogenPro solutions offering. This move will increase HydrogenPro's manufacturing capacity to 800 MW in total and represents a major milestone in establishing a global presence as part of the strategy to become #1 provider of large-scale green hydrogen technology & systems. The new site is planned to have an initial capacity of 500 MW with the option to significantly scale up the capacity to several gigawatts in due time.

The US has become the market leader on green hydrogen, as the Inflation Reduction Act (IRA) passed by Congress in August 2022 is beginning to show effects. The favorable tax scheme for producers of green hydrogen has resulted in surging demand, growing 4-6 times compared to pre-IRA figures. The US market is HydrogenPro's top priority, and manufacturing capacity on this continent provides a fundamental platform to succeed with the announced growth ambitions.

With this, HydrogenPro will take a market-leading position and become the only viable large-scale player providing high-pressure alkaline electrolyser technology & systems. HydrogenPro has conducted an extensive strategic review of various US states to determine the most suitable location. All locations have been assessed based on several factors, incl. access to site and skilled workers, infrastructure, ease of sourcing raw materials, proximity to end-users and incentive programmes offered by different states.

The US market has been served by HydrogenPro's European sales team for some time, which has resulted in a significant pipeline of relevant and attractive projects already in progress. The US organisation will be ramped-up in parallel with the manufacturing expansion.