Green Hydrogen: ANDRITZ Acquires Stake In Norwegian Tech-Company HydrogenPro

International technology group ANDRITZ has acquired a 13.8% stake in the Norwegian company HydrogenPro.

The company was founded in 2013 and supplies pressurized alkaline electrolyzers (AEL) for green hydrogen production. The two companies already entered into a strategic partnership last year to provide integrated solutions for the supply of green hydrogen plants.

The acquisition strengthens the strategic partnership between ANDRITZ and HydrogenPro to serve ANDRITZ’s customers even better. HydrogenPro provides the pressurized alkaline electrolyzer components and technology, while ANDRITZ assembles the electrolyzer stacks in its facilities and supplies green hydrogen solutions on an EPC (Engineering, Procurement and Construction) basis.

Joachim Schönbeck, President and CEO of ANDRITZ, states, “We are pleased to strengthen our partnership with HydrogenPro. Our competencies complement each other ideally to become a recognized and trusted supplier of green hydrogen plants.”