Hydrogenpro Asa · OSL:HYPRO
Hydrogenpro Asa — Investor Presentation (September 2025)
18 slides from Hydrogenpro Asa's investor presentation, September 2025
Slide 1: Corporate Presentation
POWERING INNOVATION. ENERGIZING TOMORROW. Corporate Presentation
Slide 2: HydrogenPro is a global provider of advanced, large-scale green hydrogen technology & systems
HydrogenPro is a global provider of advanced, large-scale green hydrogen technology & systems STATE-OF-THE-ART ELECTROLYZER 1 • 5 MW single high-pressured alkaline stack suitable for renewable energy input • A modular system that can be scaled to any size for large-scale industrial applications • Pr
Slide 3: HydrogenPro at a glance
Norway HydrogenPro at a glance Porsgrunn: HQ & test center Oslo: Admin office Aarhus, Denmark Subsidiary R&D and Electrode manufacturing Manufacturing capacity 500 Minneapolis, US Subsidiary Tianjin, China MW Electrolyzer manufacturing, 500 MW capacity capacity Duisburg, Germany Subsidiary Number of
Slide 4: Management
Management Jarle Dragvik Martin Thanem Holtet Erik C. Bolstad Jon Backer Chief Executive Officer Chief Financial Officer Chief Commercial Officer Chief Operations Officer Cathrin Bretzeg Tormod Kløve Odd-Arne Lorentsen Jan-Henrik Kuhlefelt Chief People & Culture Chief Legal Officer Chief Technology
Slide 5: HydrogenPro has transformed into a leading OEM, delivering large projects globally
HydrogenPro has transformed into a leading OEM, delivering large projects globally August 2013 October 2020 November 2021 November 2023 December 2024 HydrogenPro established IPO on Oslo Stock Exchange, Acquired 75% in Awarded SALCOS order Private placement with MHI, raised MNOK 550. manufacturing (T
Slide 6: Serving industrial applications and hard-to-abate sectors
Serving industrial applications and hard-to-abate sectors Power-To-Gas Refinery/ Decarbonization Renewables Synthetic fuel H2 Balancing the grid + O2 H2O Fertilizer/ ammonia Water Steel Production 6
Slide 7: Manufacturing & Testing
Manufacturing & Testing Electrolyzer Electrode Technology Electrolyzer manufacturing manufacturing R&D / Verification assembly TIANJIN, CHINA AARHUS, DENMARK PORSGRUNN, NORWAY ERFURT, GERMANY Capacity 500 MW Capacity 500 MW 200 KW/300 KW/5 MW Capacity 500 MW DENMARK NORWAY AARHUS FACILITY PORSGRUNN
Slide 8: Supply chain options
Supply chain options The EUROPEAN SUPPLY CHAIN component electrode diaphragm stack module manuf. production production assembly assembly OPTION 2 component electrode stack module manuf. production assembly assembly 8
Slide 9: Large scale modular solution
Large scale modular solution High-pressured alkaline electrolyzers (in pairs, with a capacity of 1020 Nm3/h each, total 2040 Nm3/h) at nominal load Gas separator units with separate lye circulation systems and gas scrubbers with instrumentation Gas analyzers for detection of H2 in O2 Gas analyzers f
Slide 10: HydrogenPro's partnerships enable full scope delivery on large-scale projects
HydrogenPro’s partnerships enable full scope delivery on large-scale projects… Customers key Scope delivered with Target customers Green hydrogen project – key components selection criteria global partners 1 2 › Well-known developers Electrolyzer system › Technology of large renewable Electrolyzer G
Slide 11: HydrogenPro delivers to some of the largest projects
HydrogenPro delivers to 2 of the 10 largest projects (excl. China) (Electrolyzer capacity MW p.a.) ACES SALCOS® 11Source: IEA “Hydrogen production projects” database
Slide 12: ACES Delta (220 MW)
ACES Delta (220 MW) ACES HUB, Delta (Utah) THE PROJECT ACES1 hub provides a complete end-to-end solution to produce, store, and convert renewable hydrogen to support carbon-free year-round power for Western US THE CONTRACT • 220MW electrolysis plant • In addition: a 10-year service and support agree
Slide 13: Salzgitter Flachstahl (100 MW)
Salzgitter Flachstahl (100 MW) THE PROJECT SALCOS® (Salzgitter Low CO2 Steelmaking), will have laid the foundations for virtually climate-neutral steel production in Germany. THE CONTRACT Our partner ANDRITZ will build a 100 MW electrolysis plant at the Salzgitter Flachstahl GmbH site on an EPC basi
Slide 14: Successful large-scale validation test confirmed performance improvements
Successful large-scale validation test confirmed performance improvements › In cooperation with Andritz validating stack performance and operating conditions Purpose including new design improvements to reduce shunt currents and 3rd gen technology Location › Herøya, Norway › One stack w/ 50% 3rd gen
Slide 15: Superior positioning vs. other technologies
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 H2 and O2 Suitable for P2X1 plants Proven for large-scale plants Legend: Best capabili
Slide 16: HydrogenPro's 3rd Gen electrode technology increases efficiency and reduces OPEX
HydrogenPro’s 3rd Gen electrode technology increases efficiency and reduces OPEX Levelized cost of hydrogen Advanced electrodes is a game changer for CAPEX CAPEX production of green hydrogen ~25% ~25% OPEX ~75% • HydrogenPro’s 3rd Gen technology reduces consumption of which of electricity by 14% maj
Slide 17: Efficient manufacturing of high-quality products meeting international standards
Efficient manufacturing of high-quality products meeting international standards International certifications • ASME • ISO 9001 • ISO 14001 • ISO 45001 Manufactured in line with international standards • ASME (US) • EN, CE (Europe) • KHK (Japan) 17
Slide 18: Powering Innovation. Energizing Tomorrow.
POWERING INNOVATION. ENERGIZING TOMORROW. \4ydrogenPro