HydrogenPro CEO Optimistic about Long-Term Growth and Key Projects
Key Ideas
- HydrogenPro CEO, Jarle Dragvik, expressed optimism about the renewable hydrogen market's long-term development at the Pareto Securities' Energy Conference.
- The company is actively involved in major hydrogen projects like the Salzgitter project in Germany and the Aces project in Utah, USA, with a substantial pipeline of 2.4 billion USD.
- HydrogenPro is investing in a 350 MW plant to enhance manufacturing capacity, utilizing their 3rd generation technology for more efficient electrolysis, positioning them competitively in the market.
- With exponential revenue growth and a significant increase in employees, HydrogenPro has evolved from a distributor to a technology owner and OEM, establishing a strong presence in the growing hydrogen industry.
HydrogenPro's CEO, Jarle Dragvik, presented the company at the Pareto Securities' Energy Conference, highlighting the significant growth opportunities in renewable hydrogen. The company, a top player in the renewable hydrogen industry, is actively engaged in major projects like the Salzgitter project in Germany and the Aces project in Utah, USA. With a pipeline estimated at 2.4 billion USD, HydrogenPro recently announced an investment of 70 MNOK in a 350 MW plant to boost manufacturing using their advanced 3rd generation technology, enhancing electrolyzer efficiency. Since its IPO in 2020, the company has transitioned from a distributor to a technology owner and OEM, achieving record-breaking revenue exceeding 500 MNOK and a substantial increase in employees. Jarle Dragvik emphasized the success of their business model, flexibility, scalability, and recurring revenues, underscoring their unique position in the hydrogen market. HydrogenPro's experience and cutting-edge technology position them as a key player in the flourishing hydrogen industry.