HydrogenPro aims to double its manufacturing capacity in the US with new Texas facility
In Norway, HydrogenPro announced it will expand in the US with a new plant in Texas with a manufacturing capacity of 500 MW. “I am excited to announce that HydrogenPro is expanding and more than doubling our production capacity”, the company’s CEO Tarjei Johansen said. The estimated total investment will cost up to %50 million. The investment cost includes a separate advanced electrode manufacturing facility, HydrogenPro said. As the Inflation Reduction Act (IRA) passed by Congress in August 2022 is beginning to show effects, the US has become the market leader on green hydrogen. The favorable tax scheme for producers of green hydrogen has resulted in surging demand. According to Johansen it is growing 4-6 times compared to pre-IRA figures. “We have great confidence in our technology and systems being an excellent fit for large-scale industrial applications, where we are now seeing an unprecedented increase in demand for green hydrogen following the IRA. Consequently, establishing a manufacturing site to serve the North American market is a natural next step in our global expansion plan, and a very exciting opportunity for our company.” The new site is planned to have an initial capacity of 500 MW with the option to significantly scale up the capacity to several gigawatts in due time, the firm said.
