“This confirms EU’s commitment to the energy transition and its acknowledgement of the importance of Hydrogen, their belief in our technology and their commitment to supporting the development of hydrogen equipment manufacturing. The awarded grant is a significant milestone for HydrogenPro’s commercialisation of our unique electrode technology as lever for maintaining our position as a technology frontrunner and a positive signal to our present and future customers,” said Jarle Dragvik, CEO of HydrogenPro.
This grant is a key component of the financing for the H2-GIGA project and comes in addition to the DKK 35 million awarded in May 2024 by the Export and Investment Fund of Denmark. Combined, these grants represent over 50% of the project’s total investment scope.
A full-scale production line is currently being installed at the R&D centre in Denmark and is expected to be operational by Q1 2025, with an annual capacity of 350 MW. Leveraging experience from this production line, the H2-GIGA large-scale factory will be designed to deliver an additional 500 MW of capacity, with room for significant scaling to meet growing customer demand.