HydrogenPro
HydrogenPro ASA is a Norwegian public OEM that designs, manufactures, and installs high-pressure alkaline electrolyzers and proprietary noble-metal-free electrodes for large-scale green hydrogen projects serving energy companies, utilities, and industrial gas producers across Europe, North America, and Asia.
- Company typePublic
- Founded2013
- HeadquartersPorsgrunn, Norway
- Headcount101–250
- GTM typeB2B
- OfferingHardware or Manufacturing
What HydrogenPro does
HydrogenPro ASA is a Norwegian public company (Oslo Stock Exchange, ticker HYPRF) headquartered in Porsgrunn, founded in 2013, that designs, manufactures, and supplies high-pressure alkaline electrolyzers for green hydrogen production. Its core offering is a high-pressure alkaline electrolyzer system scalable to over 2,200 Nm3/hour (198 kg/h) per unit, engineered with load-controllable, flexible reaction profiles suitable for fluctuating renewable energy inputs. The H2-GIGA subsidiary in Randers, Denmark manufactures the company's proprietary noble-metal-free electrode technology, targeting over 77,000 electrodes annually once fully ramped.
The business operates as an OEM selling directly to enterprise customers through a field-sales model, combining hardware sales with installation and commissioning services. Anchor projects include the 220 MW ACES Delta hydrogen storage hub in Utah (Chevron New Energies / Mitsubishi Power Americas, all 40 electrolyzers installed) and the SALCOS green hydrogen flagship in Germany. Revenue mechanics rely on custom-quoted, project-based contracts; pricing is not publicly disclosed and the company has repeatedly emphasized energy companies, utilities, industrial gas producers, and mobility refueling infrastructure as target segments.
Strategically, the company has been recapitalizing through multiple private placements (ANDRITZ AG building to a 19.31% stake, LONGI Hydrogen NOK 70M in July 2025) and non-dilutive grants (EUR 16.5M EU Innovation Fund, DKK 35M EIFO). Q4 2025 revenue was NOK 17M against an order backlog of NOK 275M and an expected ~NOK 1B in near-term FIDs in 2026. Management has executed material cost restructuring, reducing headcount to 89 employees and extracting over NOK 50M in annualized savings (~24% of fixed costs), while explicitly pivoting toward a partnership-led revenue model amid ongoing quarterly losses.
HydrogenPro firmographics
Firmographics- Name
- HydrogenPro
- Legal name
- HydrogenPro ASA
- Website
- https://hydrogen-pro.com
- Company type
- Public
- Founded year
- 2013
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- HydrogenPro ASA is a Norwegian public OEM that designs, manufactures, and installs high-pressure alkaline electrolyzers and proprietary noble-metal-free electrodes for large-scale green hydrogen projects serving energy companies, utilities, and industrial gas producers across Europe, North America, and Asia.
- Ownership category
- akta.pro rank
HydrogenPro industry classification
Industry- Product category
- Hydrogen Production Equipment
- NAICS
- Turbine and Turbine Generator Set Units Manufacturing (333611)
- SIC
- Engines & Turbines (3510)
- akta.pro primary industry
- Hydrogen Energy Storage & Power-to-X Equipment (electrolyzers, storage, fuel cell systems) (IMAGAHAM)
- akta.pro secondary industries
- Hydrogen (Industrial & Mobility) (IMAEACAB), Hydrogen & Derivative Fuels for Industry (H₂, Ammonia, Methanol) (EUABAJAC)
Keywords
Where HydrogenPro is headquartered
LocationHeadquarters
- HQ city
- Porsgrunn
- HQ country
- Norway
- HQ region
- Europe
Offices3 records
Markets served
HydrogenPro business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Technology or R&D, Supply Chain, Personnel, Operations, Infrastructure
Revenue model
- Electrolyzer equipment sales: Direct sale of high-pressure alkaline electrolyzers and related equipment to enterprise customers for large-scale green hydrogen projects.
- Installation and commissioning services: Professional services for installation, testing, and commissioning of hydrogen production systems.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
HydrogenPro product offering
Product offeringCore offering
HydrogenPro is an original equipment manufacturer (OEM) that designs, manufactures, and supplies high-pressure alkaline electrolyzers for large-scale green hydrogen production. The company's systems are engineered to integrate with renewable energy sources and provide flexible, load-controllable operation on fluctuating energy flows. In addition to electrolyzers, HydrogenPro develops proprietary next-generation electrode technology under its H2-GIGA R&D project and supplies gas separation skids, installation, and commissioning services for hydrogen production facilities.
Product overview
HydrogenPro is an original equipment manufacturer (OEM) specializing in high-pressure alkaline electrolyzers for green hydrogen production. The company's core product portfolio consists of the High-Pressure Alkaline Electrolyzer system (delivered at scale up to 220 MW) and the proprietary H2-GIGA Electrode Technology developed through their R&D initiative. Their electrolyzers are designed for large-scale renewable energy applications, featuring load controllability and compatibility with fluctuating energy flows. The company also supplies gas separation skids as part of their system offerings.
Differentiator
Problem solved
Functional benefit
Products and services
- High-Pressure Alkaline Electrolyzer Scalable high-pressure alkaline electrolyzer systems for green hydrogen production, capable of over 2200 Nm3/hour or 198 kg/h per unit. Designed for renewable energy integration with load-controllable and flexible reaction on fluctuating energy flows. Delivered at industrial scale including the 220 MW ACES hydrogen storage hub in Utah.
- H2-GIGA Electrode Technology Next-generation proprietary electrode technology for high-pressure alkaline electrolysers developed under the H2-GIGA R&D project. Eliminates the use of noble metals and improves energy efficiency. The Danish factory is designed to produce over 77,000 electrodes annually, including nickel foam production lines and electrode plating lines.
- Gas Separation Skids Separation equipment for hydrogen purification and processing supplied as part of HydrogenPro's complete green hydrogen production systems.
- Installation and Commissioning Services Professional services for installation, testing, and commissioning of hydrogen production systems delivered alongside HydrogenPro's electrolyzer equipment.
Quantifiable outcome
- 220 MW installed capacity with another 100 MW in progress
- +3 more outcomes
Companies that use HydrogenPro
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles2 records
HydrogenPro technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
HydrogenPro partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core, flagship and minor.
- Chevron New EnergiescoreChevron New Energies partnered with HydrogenPro for the ACES Delta hydrogen storage hub project in Utah. HydrogenPro supplied 40 electrolyzers (220 MW total capacity) for the facility, which produces up to 100 tons of green hydrogen per day stored in salt caverns.
- Mitsubishi Power AmericascoreMitsubishi Power Americas developed the ACES Delta project in partnership with Chevron New Energies, featuring HydrogenPro's 220 MW electrolysis system. The facility is one of the world's largest hydrogen storage initiatives.
- SALCOS Project (Germany)flagshipSALCOS (Salzgitter Low CO2 Steelmaking) is a flagship project in Germany where HydrogenPro provides its high-pressure alkaline electrolyzer technology for green hydrogen production supporting steel decarbonization.
- Hydrogen EuropeminorHydrogenPro is a member of Hydrogen Europe, supporting the company's engagement with European hydrogen industry initiatives and policy development.
- Norsk HydrogenforumminorHydrogenPro is a member of Norsk Hydrogenforum, supporting Norwegian hydrogen industry development and networking.
Scale indicators12 records
Recent moves6 records
Expansion highlights6 records
HydrogenPro competitors and assessment
Company assessmentDirect peers
- Nel ASA: Norwegian-headquartered, publicly listed electrolyzer manufacturer producing both alkaline and PEM stacks for green hydrogen. Direct competitor to HydrogenPro in the same European customer base and project sizes.
- thyssenkrupp nucera: German-listed alkaline and PEM electrolyzer specialist targeting large-scale industrial hydrogen projects. Competes head-to-head with HydrogenPro on alkaline technology for steel, ammonia, and refinery off-takers.
- ITM Power: UK-based PEM electrolyzer manufacturer supplying large-scale green hydrogen systems. Competes with HydrogenPro for utility-scale and industrial hydrogen production projects across Europe and beyond.
- McPhy Energy: French alkaline and PEM electrolyzer OEM serving industrial and mobility hydrogen markets. Directly comparable as another mid-sized European stack vendor targeting decarbonization off-takers.
- Topsoe: Danish-headquartered electrolyzer (SOEC) and catalysis supplier. Competes in industrial-scale green hydrogen but with a high-temperature stack technology adjacent to HydrogenPro's alkaline focus.
Broad incumbents
- Cummins (Accelera by Cummins): Diversified industrial major with a hydrogen electrolyzer business under Accelera. Overlaps with HydrogenPro in alkaline/PEM stacks but operates across a much wider powertrain portfolio.
- Siemens Energy: Global energy technology major with an Silyzer PEM electrolyzer line. Serves the same utility-scale and industrial hydrogen customers as HydrogenPro but as a much larger portfolio incumbent.
- Plug Power: US-listed hydrogen ecosystem company building electrolyzers plus turnkey fuel-cell and refueling infrastructure. Comparable as an end-to-end green hydrogen player, though mobility-and-fuel-cell weighted rather than industrial electrolyzer OEM.
Others
- LONGi Hydrogen: Investor in HydrogenPro and parallel electrolyzer business under the LONGI group; competing alkaline stack maker with Chinese cost base. Listed here as a supplier/competitor overlap because they are both investor and adjacent OEM.
- ANDRITZ AG: 19.31% strategic shareholder and supplier of process equipment to pulp, paper, and hydrogen sectors. Adjacent as a financial partner with hydrogen-related equipment exposure rather than a direct alkaline-electrolyzer competitor.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
HydrogenPro social profiles
Digital presenceHydrogenPro compliance and trust
Trust signalCompliance2 records
HydrogenPro financial estimates
Financial estimateRevenue estimate
Valuation estimate
HydrogenPro leadership team
Management profileNumber of profiles
Profiles3 records
HydrogenPro subsidiaries and ownership
Company hierarchySubsidiaries1 record
HydrogenPro funding detail
Funding detailFunding overview
Funding rounds7 records
Investors5 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
HydrogenPro M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about HydrogenPro
What does HydrogenPro do?
HydrogenPro is an original equipment manufacturer (OEM) that designs, manufactures, and supplies high-pressure alkaline electrolyzers for large-scale green hydrogen production. The company's systems are engineered to integrate with renewable energy sources and provide flexible, load-controllable operation on fluctuating energy flows. In addition to electrolyzers, HydrogenPro develops proprietary next-generation electrode technology under its H2-GIGA R&D project and supplies gas separation skids, installation, and commissioning services for hydrogen production facilities.
Is HydrogenPro a public or private company?
HydrogenPro is a public company. It is classified as public and is currently operating.
When was HydrogenPro founded?
HydrogenPro was founded in 2013. It employs 101 to 250 people.
Where is HydrogenPro based?
HydrogenPro is headquartered in Porsgrunn, Norway, in the Europe region.
How does HydrogenPro make money?
Two revenue lines are on record. Electrolyzer equipment sales are the primary driver. The others are installation and commissioning services.
Who are HydrogenPro's main competitors?
Direct peers on record are Nel ASA, thyssenkrupp nucera, ITM Power, McPhy Energy and Topsoe. Broad incumbents are Cummins (Accelera by Cummins), Siemens Energy and Plug Power. Others are LONGi Hydrogen and ANDRITZ AG.
Does HydrogenPro have an API?
No public API is recorded for HydrogenPro.
What industry is HydrogenPro in?
HydrogenPro's product category is Hydrogen Production Equipment. Its primary akta.pro industry code is IMAGAHAM, Hydrogen Energy Storage & Power-to-X Equipment (electrolyzers, storage, fuel cell systems), with a secondary code of IMAEACAB, Hydrogen (Industrial & Mobility). Its NAICS code is 333611 and its SIC code is 3510.