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    Metacon delivers pilot contract to PERIC Hydrogen Technology for 5 MW electrolysis plant in the USA.


    May 5, 2022 - Cision

     

      Metacon, under its partnership agreement with PERIC Hydrogen Technology, has successfully completed a first evaluation project for sales and business development of PERIC's electrolysis portfolio on the US market. Metacon actively pursued sales opportunities for electrolysis plants in the US resulting in an order to PERIC Hydrogen Technology for a 5 MW pilot electrolysis plant. Metacon receives a commission amounting to ca SEK 750 000 (current exchange rate) with direct result impact.

      The market for hydrogen and hydrogen generators is developing fast in North America, leading Metacon to fast-track evaluation and exploring strategic opportunities for a potential establishment in the US market. Metacon has since some time actively pursued sales opportunities that has now resulted in PERIC Hydrogen Technology (PERIC) receiving an order for a 5 MW pilot electrolysis plant in the USA. PERIC Hydrogen Technology is one of the world's biggest and most proven manufacturers of electrolysis and hydrogen refueling (HRS) technology. At present, Peric has no official distribution partner in the US.

      Christer Wikner, President and CEO of Metacon said: "The US market for hydrogen equipment is growing rapidly. Therefore, we are very happy to be able to show our highly valued technology partner PERIC that we can contribute and deliver business also on the North American market. The know-how and capabilities we built for driving sales of green hydrogen technology in Europe could be replicated on other high-potential markets."

      Mr. Yuguang Zhang, General Manager, PERIC Hydrogen Technologies Co., Ltd (PERIC), commented; "PERIC has over many years developed one of the world's strongest and most complete product portfolios in the hydrogen area. We are now taking a promising new step in the USA together with Metacon with this 5 MW pilot contract, hopefully leading to more. We truly believe our products in this area can contribute in a significant way to the green energy transition in the transport and industrial sectors and thus, to the united global fight against climate change."

      This information is information that Metacon AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person below, on 5 May 2022 at 15:45 CEST.

      For further information, please contact Christer Wikner, by phone at +46 (0)707-647389 or by e-mail at info@metacon.se

      About Metacon AB (publ)

      Metacon AB (publ) develops and manufactures energy systems to produce hydrogen, heat, and electricity. The products are based on a patented technology that generates hydrogen through so-called catalytic steam reforming of biogas or other hydrocarbons. The development of Metacon's reforming products is done within the wholly-owned subsidiary Helbio, which is a spin-off from the University of Patra, Greece, and was founded by Professor Xenophon Verykios in 2001. The business has focused on catalysts and advanced reforming for high-efficiency hydrogen production from the onset.

      Metacon also offers system solutions for hydrogen production through electrolysis, a large and globally growing area for small and large-scale production of green hydrogen. Electrolysis is the process of starting and driving a chemical reaction to split water by adding electricity. If the electricity used is non-fossil and green, the hydrogen will become completely climate-neutral and green. Green hydrogen can be used in, for example, the transport sector, the primary industry, and the real estate sector with a better environment and climate.

      About PERIC Hydrogen Technologies

      PERIC Hydrogen Technologies Co., Ltd (PERIC) is the leader designer and manufacturer of hydrogen/oxygen generation technology by water electrolysis and headquartered in Handan City, Hebei Province, China. PERIC is engaged in research, design, production, sales and service of hydrogen equipment as well as general R&D in the area of hydrogen energy. PERIC has since decades delivered hydrogen production and refueling solutions world-wide and has delivered more than 1200 sets of electrolysis plant in the world to date.

      Additional information may be found at

      www.metacon.com | Twitter: @Metaconab | LinkedIn: www.linkedin.com/company/metaconab

      https://news.cision.com/metacon-ab/r/metacon-delivers-pilot-contract-to-peric-hydrogen-technology-for-5-mw-electrolysis-plant-in-the-usa-,c3561206

      https://mb.cision.com/Main/17030/3561206/1575431.pdf

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