HydrogenPro ASA

Report Publication Announcement • Aug 17, 2022

HydrogenPro AS - Invitation to Q2 2022 results presentation

HydrogenPro AS - Invitation to Q2 2022 results presentation

Porsgrunn, 17 August 2022 - HydrogenPro AS (OSE:HYPRO) will publish the

financial results for the second quarter 2022 on Tuesday 23 August 2022 at 07:00

CET.

The company will host a webcast presentation of the results the same day at

10:00 CET followed by a Q&A session with questions to be posted online during

the presentation. Link to

webcast: https://channel.royalcast.com/landingpage/hegnarmedia/20220823_4/

The presentation will be held in English by interim CEO Richard Espeseth and CFO

Martin Thanem Holtet.

The report and presentation will be made available at www.hydrogen-pro.com and

www.newsweb.no.

HydrogenPro in brief:

HydrogenPro designs and supplies large scale hydrogen plants in cooperation with

global partners and suppliers, 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 organisation of leading industry experts, drawing

upon unparalleled experience and expertise in the hydrogen and renewable energy

industry. Our core product is the alkaline high-pressure electrolyser.

With the new electrode technology, we are able to increase the efficiency of

each unit by 14% to reach 93% of the theoretical maximum. This is a significant

step forward as the cost of electric power, depending on market prices, amounts

to 70-90% of the cost of producing hydrogen, the value of such increased

efficiency equals approximately the investment cost for the entire plant in a

Total Cost of Operation perspective. The Company is targeting a production cost

for green hydrogen of USD 1.2 per kg in 2022.