#Sweden #Stockholm #Hydrogen Production #Metacon #Elektra Power

Metacon Secures Initial Customer Payment of €2.1 Million

In a significant financial development, Metacon AB has announced that it has successfully obtained an initial payment of €2.1 million (around SEK 23.4 million) from Elektra Power SRL. The payment is an advance for the delivery of a 7.5 megawatt electrolysis plant, which is part of a larger project aimed at promoting the production of green hydrogen.

Overview of the Project

This transaction involves Metacon supplying pressurized alkaline electrolyzers along with essential auxiliary equipment. The project is set to be implemented in Romania, a strategic location for advancing clean energy solutions in the region. The collaboration with Elektra Power SRL represents an important step as it aligns with Metacon's goal of facilitating the transition to sustainable energy.

Details of the Customer Agreement

For more insights into this customer agreement, readers can refer back to the previously issued press releases dated September 18 and October 3, 2025, which laid the groundwork for this significant operational milestone.

About Metacon

Metacon AB is at the forefront of developing and manufacturing energy systems for the generation of fossil-free 'green' hydrogen. The company operates primarily through its Electrolysis business unit, and in close collaboration with PERIC Hydrogen Technologies, based in Handan, China, it is able to offer comprehensive electrolysis plants. This partnership has positioned Metacon as a key player in the large-scale production of hydrogen, which is essential for various clean energy applications.

Notably, Metacon not only specializes in electrolysis but also in hydrogen refueling stations, a segment experiencing rapid expansion as the global community increasingly shifts toward clean transport solutions. Furthermore, the company leverages its patented HIWAR® technology in its Reforming business unit, which focuses on generating hydrogen via catalytic steam reforming of biogas and other hydrocarbons, including bioethanol. Development within this area is spearheaded by Metacon S.A., a wholly-owned subsidiary located in Patras, Greece.

Future Prospects

The recent payment signifies a positive trajectory for Metacon's growth and investment in innovative energy solutions. As such, it highlights the company's commitment to pioneering sustainable technologies, bolstering its operational capabilities, and expanding its market presence in the hydrogen production sector.

Conclusion

As the world leans towards renewable energy sources, developments like this further emphasize the necessity for innovative solutions like those provided by Metacon. The €2.1 million advance payment is not only a financial success for the company but also a step forward in supporting global efforts to develop alternative energy sources that can contribute to a more sustainable future.

For further details about Metacon and its projects, visit Metacon’s official website. If you have any inquiries, you can reach out to Christer Wikner, the President and CEO of Metacon, at +46 707 647 389 or via email at [email protected]