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HydrogenPro ASA

Regulatory Filings Sep 1, 2022

3627_rns_2022-09-01_dabd2c02-2ad8-483a-b987-fcd19cce70fa.html

Regulatory Filings

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HydrogenPro's partner, DG Fuels, signs Offtake Agreement with Delta Air Lines

HydrogenPro's partner, DG Fuels, signs Offtake Agreement with Delta Air Lines

Porsgrunn, Norway, 1 September 2022 - Reference is made to recent press release

from Delta Air Lines ("Delta") regarding an Offtake Agreement between Delta and

DG Fuels where DG Fuels will supply Delta with 385 million gallons of

sustainable aviation fuel, starting in 2026. HydrogenPro will play a vital role

in supplying hydrogen to the DG Fuels plant with the delivery of its high

-pressure alkaline electrolysers.

This commitment from Delta is estimated to make up more than one third of the

total volume of the earlier communicated capacity at DG Fuels' Louisiana

facility. The high-pressure alkaline water electrolyser installation will be at

least 839 MW.

"This project will place HydrogenPro as the world's largest supplier of

electrolysers, and we are now accelerating our presence in the US", says Richard

Espeseth, interim CEO and founder of HydrogenPro.

HydrogenPro expect the contract to be signed during Q1 2023. The first delivery

of electrolysers is estimated to occur in 2024.

For more information, please contact:

Richard Espeseth, interim CEO, +47 958 43 007, [email protected]

Martin T. Holtet, CFO, +47 922 44 902, [email protected]

About HydrogenPro:

HydrogenPro is a technology company and an OEM for high pressure alkaline

electrolyser and supplies large scale green hydrogen plants, all ISO 9001, ISO

45001 and ISO 14001 certified.

The Company was founded in 2013 by individuals with background from the

electrolysis industry which was established in Telemark, Norway by Norsk Hydro

in 1927. We are an experienced engineering team of leading industry experts,

drawing upon unparalleled experience and expertise in the hydrogen and renewable

energy industry.

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