HydrogenPro ASA has announced securing a total of approximately NOK 140 million through a Private Placement and a conditional equity investment from LONGi Hydrogen Technology. The investment agreements with existing shareholders ANDRITZ AG and Mitsubishi Heavy Industries, Ltd., as well as with LONGi Hydrogen, aim to bolster the company's financial position for sustainable hydrogen solutions globally. Jarle Dragvik, the CEO of HydrogenPro, expressed gratitude for the trust shown by their shareholders and highlighted the importance of their partnerships in delivering significant green hydrogen projects. The Private Placement involves subscription of new shares at NOK 5.50 per share, with a 6-month lock-up period for ANDRITZ and MHI. The investment from LONGi Hydrogen, pending regulatory approval, is set to further strengthen HydrogenPro's position. The Cooperation Agreement focuses on leveraging the strengths of both companies to provide quality products to customers and improve manufacturing efficiency in China and Europe. The Company plans to utilize the net proceeds for general corporate purposes, further advancing their vision in the renewable energy sector. The agreements are expected to be finalized in the first half of 2025, marking a strategic step towards global decarbonization and market expansion.