Permascand has signed a Letter of Intent (LOI) with a leading green hydrogen technology provider and system integrator concerning the manufacturing of high-performance electrodes for advanced alkaline electrolysis, strengthening the company’s existing pipeline of green hydrogen projects.
The LOI is an important step in developing long-term cooperation aiming to achieve the ambitions of our partner globally by providing a reduction of the levelized cost of hydrogen through product durability, price performance, and circularity. The first project deployment is planned before the end of 2025.
“Permascand is a pioneer in advanced alkaline water electrolysis, with more than 20 years of experience in commercial supply of top-performing electrodes. This LOI marks an important milestone, and we are looking forward to a long-term cooperation to support our partner’s global ambitions in providing green hydrogen technology”, said Peter Lundström, CEO of Permascand.
“There is a global shift towards advanced alkaline electrolysis, and we are continuously pushing the boundaries in our value chain and product portfolio, striving for the levelized cost of green hydrogen to reach customer’s ambition”, said Nicolas Laroche, Chief Strategy Officer of Permascand.
Permascand is now an active partner in over 24 projects for the supply of high-performance electrodes used in advanced alkaline electrolysis technology to reduce the levelized cost of green hydrogen.