HydrogenPro's subsidiary in Denmark has secured a substantial EUR 16.5 million grant from the EU Innovation Fund for the advancement of next-generation electrode technology for electrolysers. This technology is designed to enhance the efficiency of high-pressure alkaline electrolysers, ultimately lowering the Levelized Cost of Hydrogen. The CEO, Jarle Dragvik, highlighted the significance of this grant in driving the commercialization of their unique electrode technology and maintaining their leading position in the industry. The grant is a crucial element in financing the H2-GIGA project, complementing the DKK 35 million received earlier from the Export and Investment Fund of Denmark, totaling over 50% of the project's investment scope. With a full-scale production line underway at their R&D center in Denmark, HydrogenPro anticipates operations to commence by Q1 2025 with an annual capacity of 350 MW. The upcoming H2-GIGA large-scale factory will build upon this experience to offer an additional 500MW capacity initially, with plans for further expansion to meet market demands. This development underscores the EU's dedication to the energy transition and highlights the growing importance of hydrogen in the global economy.