Hydrogenpro As (HYPRF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to HydrogenPRO's fourth quarter presentation. Today I'm as usual accompanied by CFO Martin Holte who will present the financial results and our still new CCO Michael Casperson who has been with us for three months and will give us a market update. And I will take you through the highlights of our recent developments. As we always start with for new viewers, Hydroden Pro is an original equipment manufacturer company focusing on the core technology, which is well suited for renewable energy. It's a pressurized alkaline electrolyzer and a gas separation unit. I notice other OEMs are bringing pressurized electrolyzers to the market now. Well, We have delivered 220 megawatt and are on our way with the next 100 megawatt of pressurized electrolyzers. We address markets for decarbonization of selected large-scale industry segments already using gray hydrogen or where decarbonization is hard to achieve through electrification. Of the recent highlights, in 2025, we saw several projects being canceled or postponed. During the latter part of the year, however, several projects were activated and new ones even added. We see now a maturation of the pipeline and projects where we are in negotiations. Of these, we expect FIDs of projects to be taken at the value of around 1 billion Norwegian kroner. Mikael will address this and our position further in this market update. We are both pleased and proud of one of the world's largest hydrogen projects, the ACES project, now coming to finalization and start-up. Our electrode manufacturing in Aarhus continued during the fourth quarter, its production ramp-up delivering to Salzgitter. Organization was streamlined with reduced costs. We completed the transaction of acquiring the 25% minority share in our Tianjin fac...