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HydrogenPro ASA — Director's Dealing 2021
Jul 19, 2021
3627_dirs_2021-07-19_c42e43c5-395c-4a9b-9a1c-70ab2a5f379b.html
Director's Dealing
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Mandatory notification of trade by primary insider
Mandatory notification of trade by primary insider
Porsgrunn, 19 July 2021 HydrogenPro (OSE: HYPRO) – Primary insider (board member and CBDO) Richard Espeseth has today bought 13 000 shares at a price of NOK 19.87 per share.
Please refer to the attached notification of trading for further details.
For more information, please contact:
Mårten Lunde, CEO, +47 48 14 84 51, [email protected]
Martin T. Holtet, CFO, +47 92 24 49 02, [email protected]
HydrogenPro in brief:
HydrogenPro designs and supplies customized hydrogen plants in cooperation with global partners and suppliers, all ISO 9001 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.
Our core product is the alkaline high-pressure electrolyser. With our 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.
This information is subject to the disclosure requirements pursuant to Regulation EU 596/2014 (MAR) article 19 number 3 and the Norwegian Securities Trading Act § 5-12.