Norway-based HydrogenPro, an OEM that makes excessive strain alkaline electrolyzers, will take its first main step into the U.S. market with a brand new 500 MW manufacturing capability in Texas price an estimated funding of as much as $50 million. The brownfield funding features a separate superior electrode manufacturing facility, representing a expertise sport changer within the HydrogenPro options providing.
The transfer will improve HydrogenPro’s manufacturing capability to 800 MW in whole and represents a significant milestone in establishing a world presence as a part of the technique to turn out to be the highest supplier of large-scale inexperienced hydrogen expertise and techniques.
The brand new website is deliberate to have an preliminary capability of 500 MW with the choice to considerably scale up the capability to a number of gigawatts.
In keeping with the corporate, the U.S. has turn out to be the market chief on inexperienced hydrogen, because the Inflation Discount Act (IRA) handed by Congress in August 2022 is starting to point out results. The favorable tax scheme for producers of inexperienced hydrogen has resulted in surging demand, rising 4 to 6 occasions in comparison with pre-IRA figures.
The U.S. market is a high precedence for HydrogenPro. With he new plant, the corporate hopes to take a market-leading place and turn out to be the one viable large-scale participant offering high-pressure alkaline electrolyzer expertise and techniques.
HydrogenPro has reviewed varied states to find out probably the most appropriate location. All places have been assessed based mostly on a number of components, together with entry to website and expert staff, infrastructure, ease of sourcing uncooked supplies, proximity to end-users and incentive applications provided by completely different states.