HydrogenPro ASA, based in Oslo, Norway, has successfully secured funding totaling approximately NOK 140 million for its green hydrogen projects. The funding includes NOK 70 million from a Private Placement towards existing shareholders ANDRITZ AG and Mitsubishi Heavy Industries, Ltd., and a conditional equity investment of NOK 70 million from LONGi Hydrogen, a company specializing in green hydrogen equipment and solutions. This investment is expected to enhance the company's ability to deliver sustainable hydrogen solutions globally. The Private Placement will see both ANDRITZ and MHI subscribing for new shares at NOK 5.50 per share, with a lock-up period of 6 months. The net proceeds from these investments will be utilized for general corporate purposes. Furthermore, the Collaboration Agreement with LONGi Hydrogen aims to strengthen product quality and cost-efficiency by leveraging the strengths of both companies. LONGi Hydrogen's investment will also lead to a nomination of a board member. The cooperation will enhance manufacturing capabilities in China and Europe, ensuring optimized production and supply chain efficiency. The funding secured will also contribute to supporting long-term projects for global decarbonization, indicating a positive sentiment towards hydrogen and sustainable solutions.