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HydrogenPro ASA - First quarter 2024 results
OSLO, Norway, May 7, 2024 /PRNewswire/ -- 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
Financials (Q1 2023 numbers in brackets):
Revenues