Historic agreement for own production of electrolysis plants

This agreement gives us the rights to build a “Giga factory” and manufacture our own electrolysis plants in Europe. This marks the beginning of a new phase of industrial focus for us and is expected to have significant impacts on both our company and the European industry as a whole.

The agreement with PERIC gives us the opportunity to manu­facture alkaline electrolysis systems under our own brand. No such agreement has previously been entered into by PERIC. Our internal focus is now on enabling the transfer of technology from PERIC and determining the necessary resources and capital for the project. We are also in discussions about the best location for the new factory with the aim of ensuring, among other things, management capability, efficiency and logistical accessibility for both us and our customers.

Working closely with PERIC allows us to meet the growing demand in the European market while expanding our presence and capabilities. Our deep understanding of the European market, combined with PERIC’s proven technology, creates a strong foundation for this collaboration. The driving forces behind this investment include not only the increased demand but also the geopolitical factors that affect our industry. Through this investment, Metacon can not only secure its position as a significant player in the hydrogen market, but also create the opportunity to compete with the largest players in major procurements.