HydrogenPro raises $7.6m through a private placement in Andritz

HydrogenPro has secured NOK 82.7m ($7.6m) in new equity through a private placement of new shares in Andritz.

The green hydrogen plant and solution developer’s portflio aligns with HydrogenPro’s new strategic focus laid out by the company last year (2023). Andritz is understood to be a “global leader” in P2X solutions for green hydrogen and renewable fuel production, offering engineering, procurement and construction (EPC) services for plants.

Under its refreshed trajectory, HydrogenPro wants to expand its presence in the US and identify strategic partnerships and alternative funding sources. To deliver on these goals, HydrogenPro has established a sales organisation in the US and now made an investment into Andritz.

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