Prenumeration
On August 12th, Hydrogen Pro ASA (“HydrogenPro” or the “Company”) announced that the Company has partnered with Thermax Limited (“Thermax”), a leading energy and environment solutions provider and a trusted partner in energy transition. Under the agreement, Thermax will have exclusive rights in India to sell, install, commission, and provide after-sales service for alkaline electrolyser systems based on HydrogenPro’s technology. HydrogenPro will supply the stacks, along with any future upgrades and technical support. These rights take effect immediately and can be applied to ongoing green hydrogen projects in India.
In conclusion, Analyst Group views positively on the partnership, as it opens the door to one of the fastest-growing hydrogen markets globally. We view Thermax as a strong partner in the Indian market, being a leading conglomerate in the energy and environment sector and a trusted player in the energy transition, thereby constituting yet another strategic partnership. While we assess that the market climate for HydrogenPro remain challenging, expansion into a new market such as India, with strong green hydrogen incentives in place, could generate improved momentum in terms of order intake.
Read Analyst Group’s comment here
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This is a press release from Analyst Group regarding the publication of a comment on HydrogenPro. Readers may assume that Analyst Group has received compensation for making the comment. The Company has not been given an opportunity to influence the parts where Analyst Group has had opinions about the Company, future valuation or anything else that could be considered a subjective assessment.