This move will increase HydrogenPro’s manufacturing capacity to 800 MW in total and represents a major milestone for the company in establishing a global presence. 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 total investment cost is estimated at USD 30–50 million.
The Norwegian manufacturer of high-pressure alkaline electrolysers 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, including 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.
“The US factory will be our bridgehead into the North American market,” said Tarjei Johansen, CEO of HydrogenPro. “A key factor for us to become the leading provider of green hydrogen technology & systems is our presence across continents, securing sustainable and local supply chains. We have great confidence in our technology & systems being an excellent fit for large-scale industrial applications, where we are now seeing an unprecedented increase in demand for green hydrogen following the IRA [Inflation Reduction Act]. Consequently, establishing a manufacturing site to serve the North American market is a natural next step in our global expansion plan, and a very exciting opportunity for our company!”