EQS-News: Green hydrogen: ANDRITZ acquires stake in Norwegian tech-company HydrogenPro
EQS-News: Andritz AG / Key word(s): Investment
Green hydrogen: ANDRITZ acquires stake in Norwegian tech-company
HydrogenPro
11.04.2024 / 08:30 CET/CEST
The issuer is solely responsible for the content of this announcement.
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GRAZ, APRIL 11, 2024. 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.”
– End –
PRESS RELEASE AVAILABLE FOR DOWNLOAD
The press release is available for download at [1]andritz.com/news.
FOR FURTHER INFORMATION, PLEASE CONTACT
Niklas Jelinek
Media Relations
[2]niklas.jelinek@andritz.com
[3]andritz.com
ANDRITZ GROUP
International technology group ANDRITZ offers a broad portfolio of
innovative plants, equipment, systems, services and digital solutions for
a wide range of industries and end markets. Sustainability is an integral
part of the company’s business strategy and corporate culture. With its
extensive portfolio of sustainable products and solutions, ANDRITZ aims to
make the greatest possible contribution to a sustainable future and help
its customers achieve their sustainability goals. ANDRITZ is a global
market leader in all four of its business areas – Pulp & Paper, Metals,
Hydropower and Environment & Energy. Technological leadership and global
presence are cornerstones of the group’s strategy, which is focused on
long-term profitable growth. The publicly listed group has around 30,000
employees and over 280 locations in more than 80 countries.
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11.04.2024 CET/CEST This Corporate News was distributed by EQS Group AG.
www.eqs.com
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Language: English
Company: Andritz AG
Stattegger Straße 18
8045 Graz
Austria
Phone: +43 (0)316 6902-0
Fax: +43 (0)316 6902-415
E-mail: welcome@andritz.com
Internet: www.andritz.com
ISIN: AT0000730007
Indices: ATX
Listed: Vienna Stock Exchange (Official Market)
EQS News ID: 1878061
End of News EQS News Service
1878061 11.04.2024 CET/CEST
References
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2. niklas.jelinek@andritz.com
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