Hydrogenpro Asa · OSL:HYPRO
Hydrogenpro Asa — Redeye Hydrogen & Fuel Cells Event 2024
16 slides from Hydrogenpro Asa's conference presentation, Sep 24, 2024
Slide 1: Redeye - Hydrogen & Fuel Cells Event
Redeye - Hydrogen & Fuel Cells Event 24 September 2024
Slide 2: HydrogenPro is a global provider of market-leading, large-scale green hydrogen technology & systems
HydrogenPro is a global provider of market-leading, largescale green hydrogen technology & systems 1 THE WORLD’S LARGEST ELECTROLYSER • 5.5 MW single stack suitable for renewable energy input • A modular system that can be scaled to any size for large-scale industrial applications • Pressurised hydr
Slide 3: Serving industrial applications and hard-to-abate sectors
Serving industrial applications and hard-to-abate sectors H2O The world’s largest electrolyzer Renewables Water Game-changing electrode technology 5.5 MW single stack suitable for renewable energy Significantly lower power consumption needed for input the same H2 output Modular system that can
Slide 4: Transformational growth since IPO in October 2020
Transformational growth since IPO in October 2020 IPO (October 2020) FY 2023 Distributor Value chain position Technology owner & OEM 0 MW Manufacturing capacity (p.a.) 500 MW 2nd Generation Electrode technology 3rd Generation NOK 15 mm Backlog NOK 423mm NOK 27mm1 Revenue NOK 568mm 10 # of employees
Slide 5: HydrogenPro delivers 2 of the 10 largest projects estimated to come online in 2025
HydrogenPro delivers 2 of the 10 largest projects (excl. China) estimated to come online in 2025 (Electrolyser capacity MW p.a.) 800 500 320 250 220 200 200 100 100 100 Project 1 Project 2 Project 3 Project 4 ACES Project 6 Project 7 Salzgitter Project 9 Project 10 Source: IEA “Hydrogen production p
Slide 6: HydrogenPro – among top industry leaders
HydrogenPro – among top industry leaders Electrolyzer OEM mapping based on delivered capacity and orderbook Challengers Leaders 1–4GW 8 leaders in the overall electrolyzer OEM landscape Orderbook (firm +non-firm)1 400MW–1GW 50–400MW 10–50MW 7 competitive 150+ companies active !"# “challengers” <10MW
Slide 7: A scalable and flexible business model with recurring revenues
A scalable and flexible business model with recurring revenues Scope of product offering Service and overhaul Electrolyzer Electrolyzer Current technology assembly scope Gas separator skids Plant Lifetime Electrode technology delivery overhaul Technology revenue revenue provider 1 + Remote and digit
Slide 8: Global presence with expansion opportunities
Global presence with expansion opportunities Pillars of HydrogenPro’s global Pilot testing in Herøya Fabrication facility for fabrication strategy Industrial Site, Porsgrunn, electrodes in Denmark Norway Develop organizational flexibility to serve each individual region Through HydrogenPro’s own m
Slide 9: Manufacturing capacity of 3rd generation technology increased to 350 MW p.a.
Manufacturing capacity of 3rd generation technology increased to 350 MW p.a. – operational in Q1 2025 › Optimization work conducted Increase number of flight bars Increase drying positions evt. Baths Evaluate the process time in each bath Evaluate the use of the control system › Annual capac
Slide 10: 500 MW manufacturing site – Tianjin
500 MW manufacturing site – Tianjin Key facility facts Modern electrolyzer manufacturing facility in Tianjin Established in 2021. Specializes in manufacturing and assembly of hydrogen systems, including steel systems structures and high-pressure piping Substantial value-add to the Group Tianjin faci
Slide 11: Winning the publicly funded Salzgitter project proves the strength in our business model
Winning the publicly funded Salzgitter project proves the strength in our business model SALZGITTER PROJECT • 100 MW SIZE & USE • Green steel production • The first development stage of SALCOS receives around € 700 million in federal funding and € 300 million from the state PUBLIC FUNDING government
Slide 12: Large global sales pipeline
Large global sales pipeline Definition Number of Projects Size (GW) Value ($bn)1 Pipeline • All active projects with received invitation to 154 36.6 10.1 bid last three years Prioritized • Projects HydrogenPro prioritizes • Concluded FEED on 43 7.6 2.4 some projects with high probability to reach FI
Slide 13: HydrogenPro's superior positioning vs. other technologies
HydrogenPro’s superior positioning vs. other technologies PEM Alkaline High pressure Atmospheric pressure High pressure 3rd Gen Plant efficiency Low cooling need No noble materials Suitable for renewable energy High pressure on O2 Suitable for P2X1 plants Proven for large-scale plants Legend: Best c
Slide 14: HydrogenPro is trailblazing the electrolyzer technology revolution
HydrogenPro is trailblazing the electrolyzer technology revolution 3rd Generation 2nd Generation High-pressure alkaline system based on next-generation electrode technology 1st Generation High-pressure alkaline systems developed Game-changing technology that allows for significant opex Atmospheric p
Slide 15: Key investment highlights
Key investment highlights Vast TAM and massive growth potential for green H2 underpinned by secular tailwinds Favorable government policies provide critical support; new end markets unlock a bigger TAM for green H2 HydrogenPro’s 3rd-generation technology drives significant LCOH reductions Technology
Slide 16: Powering innovation. Energizing tomorrow.
POWERING INNOVATION. ENERGIZING TOMORROW. \4ydrogenPro
HydrogenPro — Redeye Hydrogen & Fuel Cells Event 2024 on 6ix