Metacon, in cooperation with engineering and construction partner GISAB (Gällivare Industriservice AB, part of Jernbro) has entered into a contract with a value amounting to ca 56 MSEK at today’s exchange rates, for supplying two electrolysis based integrated Green Hydrogen Refuelling Stations (HRS) to Botnia Hydrogen AB.
Botnia Hydrogen, founded by Zelk Energy AB, has entered into a contract to procure two hydrogen refueling stations integrated with electrolysis-based hydrogen production from Metacon. The stations, with the capacity to refuel 200 and 400 kg of hydrogen per day at 350 and 700 bar, will be located in Piteå and Arvidsjaur in northern Sweden.
GISAB will provide the turn-key balance of plant work for the stations and a Long-Term Service Agreement (LTSA) to cover the hydrogen production unit’s maintenance.
The construction at the sites is planned to commence at the end of 2022 and both stations are estimated to be in operation during the spring of 2023. Zelk Energy has been granted public funds from the Swedish Environmental Protection Agency program Klimatklivet which they have allocated for use in Botnia Hydrogen together with private investments.
The new green hydrogen stations are delivered turnkey to the sites under standard commercial and payment terms. Furthermore, Metacon has received the opportunity to and has agreed to make an equity investment of 5.5 MSEK in exchange for approximately 16% of ownership in Botnia Hydrogen. The investment is to be executed prior to end of August 2022.
“We are very pleased to have entered into this contract together with our strategic partner GISAB. The order shows trust in Metacon’s ability to supply cold climate adapted HRS and that our partnership structure can compete successfully in the fast-growing green hydrogen market. We expect a significant long-term need for green hydrogen in the north of Sweden. A minority ownership in Botnia Hydrogen also provides a unique opportunity to build practical inside knowledge of this type of green hydrogen projects at the very beginning of this future growth market.” said Christer Wikner, President and CEO of Metacon in a comment.
Boris Lindberg, CEO of GISAB commented; “With our experience from installation and commissioning of hydrogen plants and our local presence, we are the perfect partner to Botnia Hydrogen. The contract shows that Metacon, GISAB, and Jernbro will be a leading player in developing the electrolysis area”.
Zelk Energy AB CEO Joachim Karthäuser commented, “Botnia Hydrogen is the first in the pipeline of projects developed by Zelk Energy in Northern Sweden. Zelk Energy is very pleased with its cooperation with Metacon and GISAB, who have supported the project through the whole development phase. This is the start of long-term cooperation.”