Hydrogenpro Asa · OSL:HYPRO
Hydrogenpro Asa — Pareto Securities' 26th annual Power & Renewable Energy Conference (January 2024)
17 slides from Hydrogenpro Asa's conference presentation, Jan 18, 2024
Slide 1: Pareto Securities' 26th annual Power & Renewable Energy Conference
Pure Performance Pure Efficiency Pure Power Pareto Securities' 26th annual Power & Renewable Energy Conference 18 January 2024
Slide 2: Disclaimer
Disclaimer This presentation contains forward-looking statements and information, including assumptions, opinions and views of the Company or third-party sources, and are solely opinions and forecasts which are subject to risks, uncertainties and other factors that may cause actual results and event
Slide 3: HydrogenPro is a global provider of market-leading, large-scale green hydrogen technology & systems
HydrogenPro is a global provider of market-leading, large- scale 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 hy
Slide 4: HydrogenPro targets industrial applications and hard-to-abate sectors
HydrogenPro targets industrial applications and hard-to-abate sectors – enables the energy transition through hydrogen Power-To- Renewables Gas Refinery/ Decarbonization Synthetic fuel H2 Water + Balancing the grid O2 Fertilizer/ H2O ammonia LARGE-SCALE HYDROGEN PLANTS Steel Production
Slide 5: Revenues, gross profit, and Adj. EBITDA
Revenues, gross profit, and Adj. EBITDA UNAUDITED FIGURES Revenues Gross profit Adj. EBITDA • Revenues are up 61% from last quarter • COGS increased in the quarter • Personnel expenses increased due to and >14x same quarter last year following variation orders and write- an increase in number of emp
Slide 6: Four strategic pillars to become #1 provider of large-scale green hydrogen technology & systems
Four strategic pillars to become #1 provider of large-scale green hydrogen technology & systems Technology Global Scalability Life Cycle Leader Footprint Partner 6
Slide 7: Completed manufacturing of the world's largest (220MW) electrolyser purchase order
Completed manufacturing of the world’s largest ACES HUB, (220MW) electrolyser purchase order 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 • >50$M contra
Slide 8: Delivering 100MW (18 electrolysers) to Andritz for low-CO2 steel production at Salzgitter, Germany
Delivering 100MW (18 electrolysers) to Andritz for low-CO2 steel production at Salzgitter, Germany Salzgitter • Contract value estimated to approx. EUR 18 million • The confirmed Purchase Order equals 18 of HydrogenPro’s 5.5 MW cell stacks (100 MW) • ANDRITZ will build a 100 MW electrolysis plant at
Slide 9: Building a global brand
Building a global brand Norway Porsgrunn: HQ & Oslo: Technology center Admin office Aarhus, Denmark R&D and Electrode manufacturing Minneapolis, US Sales/admin office China Tianjin: Electrolyser manufacturing, 500 MW capacity Shanghai: Sourcing Duisburg, Germany Sales office 9
Slide 10: Efficient manufacturing of high quality products meeting international standards
Efficient manufacturing of high quality products meeting international standards International certifications • ASME • ISO9001 • ISO 14001 • ISO 45001 Manufactured in line with international standards • ASME (US) • EN, CE (Europe) • KHK (Japan) 10
Slide 11: Advanced Production Data System
Advanced Production Data System Training & Debugging Inspection Operation • Full traceability of all aspects of components, process and products Inspector Material Worker IT 2 by use of QR/bar-codes DATA DATA and scanners Develop • Real-time insight into Maintenance PDS quality and production IT 1 p
Slide 12: Delivering to projects across geographies and industries
Delivering to projects across geographies and industries Porsgrunn, Norway Kokkola, Finland Test facility, operational Woikoski, Power-to-X, operational 340 Awarded Kristinestad, Finland Koppö [ANDRITZ], power-to-X, FEED >1755 FEED 9 Raahe, Finland Fortum, green steel, FEED completed 5.5 200 Utah, U
Slide 13: HydrogenPro technology leadership
HydrogenPro technology leadership PEM Alkaline Alkaline High-pressure Atmospheric High-pressure pressure 3rd Gen Plant efficiency Low Medium Medium High Suitable for renewable Yes No Yes Yes energy input Cooling need High Medium Medium Low Use of noble materials Yes No No No High pressure on O2 Medi
Slide 14: HydrogenPro's 3rd Gen electrode technology increases efficiency and reduces OPEX
HydrogenPro’s 3rd Gen electrode technology increases efficiency and reduces OPEX Levelised cost of hydrogen Advanced electrodes is a game changer for production of green hydrogen CAPEX • HydrogenPro’s 3rd Gen technology reduces ~25% consumption of electricity by 14% • Increasingly higher advantage w
Slide 15: 14% OPEX savings of 3rd Gen technology equals saving of > 50% of capital cost
14% OPEX savings of 3rd Gen technology equals saving of > 50% of capital cost @ USD 20/MWh electricity price Total annual cost of operations Total lifetime cost over 30 years OPEX SAVING (~$3M) / CAPITAL COST ($5M) > 50% OPEX SAVING ($85M) / CAPITAL COST ($150M) > 50% $85m cost savings USDm ~$3m cos
Slide 16: Taking a leading role in the global electrolyser industry
Taking a leading role in the global electrolyser industry Large-scale track ✓ Completed manufacturing of world’s largest (220MW) purchase order record ✓ Awarded 100 MW purhcase order with Andritz, to be manfucatured H1 ‘24 Technology ✓ Strong focus on technology leadership with next generation elect
Slide 17: #1 provider of large-scale green hydrogen technology & systems
#1 provider of large-scale green hydrogen technology & systems