Metacon AB (publ) is making significant strides in the development and manufacture of energy systems for producing green hydrogen. With access to cutting-edge technology and partnerships, CEO Christer Wikner is confident in their ability to become a leading manufacturer of large-scale industrial electrolysis plants.
In the first quarter of 2024, Metacon reported revenues of SEK 8.3 million, with EBITDA at SEK -14.5 million and an operating profit of SEK -17.2 million. Despite some challenges, the company remains committed to its goals.
Notable events during the quarter include an exclusive license agreement with PERIC for a “Gigafactory” to manufacture electrolysis plants, a rights issue of units totaling approximately SEK 119 million, and the appointment of Matthias Jansson as the new Chief Financial Officer.
A key development for Metacon is the partnership with Siemens to collaborate on technology and the planned factory for large alkaline electrolysers. This strategic partnership will help propel Metacon forward in the green hydrogen sector.
Metacon’s products focus on catalytic steam reforming of biogas and other hydrocarbons to produce hydrogen, as well as electrolysis plants and integrated refueling stations for green hydrogen. By utilizing non-fossil electricity in the electrolysis process, Metacon’s green hydrogen is both fossil-free and climate-neutral, making it an attractive option for various sectors.
For more information about Metacon and their efforts in the green hydrogen industry, visit their website at http://www.metacon.com. You can also connect with them on social media platforms like X:@Metaconab and LinkedIn.
Metacon’s commitment to developing sustainable energy solutions is evident in their recent achievements and partnerships. Stay tuned for more updates from this innovative company as they continue to make strides in the green hydrogen sector.
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