Hydrogenpro As (HYPRF) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to Hydrogen Pro's second quarter presentation. Today I'm accompanied by CFO Martin Holte who will present the financial figures. And I will take you through the highlights and our recent developments, market updates and our partnership strategy. About Hydroden Pro, I know many of you have seen this before, but for those of you who do not know us so well, we are what we call a pure play OEM company, focusing on core electrolysis technology, which is well suited for the renewable energy sources. We deliver high pressure electrolyzers and the gas separation skid. We are addressing market for decarbonization of selected large-scale industry segments already using gray hydrogen or where decarbonization is hard to achieve through electrification. HydrogenPRO is delivering to two of the largest projects in the world. a 220 megawatt project starting up now, and a 100 megawatt project which we have delivered main components and now producing our third generation electrodes in our new factory. Few other electrolyzer OEMs are delivering to projects of the same scale. Of recent highlights, Hydrogen Pro announced last Tuesday a partnership with Indian EPC and technology company Thermax. Our new production line in Aarhus is now fully operational, producing Generation 3 electrodes to the Salkos project. And three hundreds inaugurated its Giga assembly plant for Hydrogen Pro electrolysers in Erfurt, Germany. We completed the last transaction in the 140 million NOK equity raise by our partner Lange, finalizing their contribution of 70 million NOK. We have improved and continue to lower the energy consumption for our electrode technology, based on the full-scale testing and new production line in Aarhus. In second quarter, we saw several European projects rece...