Invitation to presentation of Permascand’s Q3 2022 interim report

Permascand will publish its Q3 2022 interim report on 11 November 2022 at 07:45 CET. In connection with this, Permascand invites investors, analysts and media to a conference call and webcast on the same day at 10:30 CET.

The presentation will be held by CEO Peter Lundström and CFO Linda Ekman in English and will conclude with a Q&A session. Questions can be asked on the conference call or in written form through the webcast. No preregistration is required.

Date and time
11 November 2022 at 10:30 CET

Webcast
https://ir.financialhearings.com/permascand-top-holding-q3-2022

Phone number
To participate via telephone please dial-in on the numbers below.

SE: +46-8-5051-6386
UK: +44-20-319-84884
US: 1-412-317-6300, Pin code: 9111060#

After the presentation a recording of the webcast will be available on the webcast link and on the company’s website www.permascand.com

Permascand celebrates winning collaboration with Verdagy as Verdagy launches commercial electrolyzer module, demonstrating low-cost green hydrogen at scale

Permascand’s and Verdagy’s partnership displays great success as Verdagy recently announced and demonstrated the commercial efficacy of its unique water electrolysis technology, eDynamic™, with two significant milestones on the path to cost effective hydrogen at scale.

Verdagy is engineering the world’s largest membrane-based electrochemical cells to drive down the investment and energy required for generating industrial hydrogen. The recent successful pilots validate the durability and scalability of its technology:

  1. Verdagy ran a demonstration-scale Anion Exchange Membrane (AEM) of 3200 cm² , 20kW cell – for 1,000 hours continuously at industry leading high current density in a production environment. The 1,000-hour run demonstrated lifetime durability and minimized risk as they scaled up to the commercial electrolyzer module.
  1. Verdagy launched its three-cell 500 kW commercial electrolyzer module in August 2022 at its Moss Landing pilot plant. Each cell incorporates the largest AEM’s in the world at 28,500 cm². This represents industry-leading current density operations that are higher than traditional and state-of-the art Alkaline Water Electrolyzers (AWE), exceeding expectations for performance.

Peter Lundström, CEO at Permascand, said: “Verdagy’s technology and our ability to scale the manufacture of high-end electrolysis equipment is a successful collaboration to bring innovative green hydrogen technology to the broader market. And the positive outcome of the demonstration shows their ability to solve electrolysis challenges for industrial markets through rapid scaling”.

Verdagy has a rapid path to commercialization and the collaboration with Permascand unlocked low-cost hydrogen production.

Marty Neese, Verdagy’s CEO, stated, “The rapid pace of innovation getting to commercial scale is exactly what is needed to enable the energy transition and make green hydrogen at industrial scale come to life. Permascand is a great partner to bring our cell design to commercialization”.

Verdagy achieves the lowest CapEx in the industry and the lowest H2 (hydrogen) production costs when coupled with renewable energy. In their mission to produce cost-effective hydrogen for industry at scale both pilots demonstrate the technical readiness of Verdagy’s integrated process.
 
About Verdagy
Verdagy is innovating water electrolysis technology for the large-scale production of green hydrogen. Verdagy's industry leading solution achieves both the lowest upfront capital costs and the lowest unit economics for production. Verdagy operates its laboratory and a 25,000 sq. ft. pilot plant facility in Moss Landing, California, to further develop and rapidly scale the technology platform. For more information, visit: www.verdagy.com.

Invitation to presentation of Permascand’s Q2 2022 interim report

Permascand will publish its Q2 2022 interim report on 18 August 2022 at 07:45 CEST. In connection with this, Permascand invites investors, analysts and media to a conference call and webcast on the same day at 11:00 CEST.

The presentation will be held by CEO Peter Lundström and CFO Linda Ekman in English and will conclude with a Q&A session. Questions can be asked on the conference call or in written form through the webcast. No preregistration is required.

Date and time
18 August 2022 at 11:00 CEST

Webcast
https://tv.streamfabriken.com/permascand-top-holding-q2-2022

Phone number
To participate via telephone please dial-in on the numbers below.

SE: +46-8-5051-6386
UK: +44-20-319-84884
US: +1-412-317-6300, Pin code: 2717689#

After the presentation a recording of the webcast will be available on the webcast link and on the company’s website www.permascand.com

Invitation to presentation of Permascand’s Q1 2022 interim report

Permascand will publish its Q1 2022 interim report on 10 May 2022 at 07:45 CEST. In connection with this, Permascand invites investors, analysts and media to a conference call and webcast on the same day at 10:00 CEST.

The presentation will be held by CEO Peter Lundström and CFO Linda Ekman in English and will conclude with a Q&A session. Questions can be asked on the conference call or in written form through the webcast. No preregistration is required.

Date and time
10 May 2022 at 10:00 CEST

Webcast
https://tv.streamfabriken.com/permascand-top-holding-q1-2022

Phone number
To participate via telephone please dial-in on the numbers below.

SE: +46 8 5055 8366
UK: +44 333 300 9031
US: +1 64 6722 4903

After the presentation a recording of the webcast will be available on the webcast link and on the company’s website www.permascand.com

Permacand signs Letter of Intent with RES on co-development of a commercial research center in green hydrogen plant

Permascand Top Holding AB (publ) (“Permascand”), an independent technology-driven manufacturer of electrochemical solutions, today announces that the company has signed a Letter of Intent (LOI) with RES – an independent developer of renewable energy and energy storage – for the co-development of a commercial research center in the green hydrogen plant RES are developing in Alby, Ånge Municipality, Sweden.

The purpose of the LOI is to continue the negotiations for the establishment and investment in a commercial research center for testing and evaluation of Permascands products in a production plant which enables significant and important results for the project.
 
Peter Lundström, CEO at Permascand comments: ”It is a very positive and interesting start that we jointly can contribute to a development project of this kind. It is in line with Permascand’s growth plan and the construction of a full-scale technology centre to develop new technology for green hydrogen on the market, which is part of our quest for increased sustainability globally. The fact that the project also has a local connection makes it even more interesting”.
 
RES drives the development and establishment of a green hydrogen plant in Alby in the area designated by Ånge Municipality for establishment of power-intense industry. The goal is to be able to provide green hydrogen to the industry in a first stage, by the turn of 2024/2025. With a new grid connection, the facility will be gradually expanded on a larger scale by the turn of 2026/2027.
 
Matilda Afzelius, CEO at RES, comments: “This project is extremely important. We are at the forefront here and are contributing to a rapid transition to renewable energy. With this collaboration, we have the opportunity to do both local and global benefits. A sustainable future will benefit from  more cross-border and innovative developments and collaborations like this”.
 
Sigrid Nord, development project manager at RES, comments: ”We are very excited with this collaboration opportunity together with Permascand in our work to make it possible to take the testing into a production plant to enable competitive green hydrogen. We also see that this type of green energy system will be crucial in enabling the energy transition in the industry and that collaborations like these mean great benefits to succeed”.
 
The terms of the cooperation will be regulated in a possible future and binding agreement.
 
About RES Renewable Norden AB
RES is the world’s largest independent renewable energy company active in onshore and offshore wind, solar, energy storage and transmission and distribution. At the forefront of the industry for nearly 40 years, RES has delivered more than 22GW of renewable energy projects across the globe and supports an operational asset portfolio exceeding 7.5GW worldwide for a large client base.  Understanding the unique needs of corporate clients, RES has secured over 1.5GW of power purchase agreements (PPAs) enabling access to energy at the lowest cost. RES employs more than 2,000 people and is active in 10 countries. In Scandinavia RES has offices in Gothenburg, Östersund and Oslo. For more information, visit www.res-group.com