HydrogenPro ASA - First quarter 2024 results
7 May 2024 - HydrogenPro ASA (OSE: HYPRO): HydrogenPro has today reported its financial results for the first quarter. Achievements and highlights: · Secured strategic NOK 82.7m investment from Andritz · New board elected, chaired by Dag J. Opedal · Cash balance of NOK 185 mill per 31 March 2024 (increased by NOK 24 mill during the quarter) · On-going preparations on Salzgitter project - planned completion of manufacturing by Q3 2024 · Awarded compensated 300 MW FEED study in Texas, USA · On-going feasibility study of expansion of electrode manufacturing