Norway's HYPRO plans $50 million U.S. manufacturing site

HydrogenPro (HYPRO), a Norwegian renewable energy sources technology solutions company, is investing as much as $50 million in the U.S. market.

With the investment, HydrogenPro intends to establish a new manufacturing site in Texas with an initial capacity of 500 megawatts (MW) with the option to scale up the capacity to several gigawatts in due time.

The proposed plant will enable the company to boost its manufacturing capacity to 800 MW in total and represents a major milestone in establishing a global presence.

Moreover, the deal, a part of HydrogenPro's strategy to become a leading provider of large-scale green hydrogen technology and systems, will enable it to enter the North American market.