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 andritz.com/news.

FOR FURTHER INFORMATION, PLEASE CONTACT
Niklas Jelinek
Media Relations
niklas.jelinek@andritz.com
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
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1878061 11.04.2024 CET/CEST