The remaining €5m ($5.79m) is due under the €7.1m ($8.22m) contract and is expected to be paid in subsequent project milestones, which in similar projects typically include manufacturing progress, shipment, commissioning and testing.

Chinese electrolyser OEM Peric Hydrogen Technology will provide the electrolyser technology, while Metacon will deliver the packaged system, auxiliary equipment, and manage delivery to Elektra.

No start-up date has been set for the project, but it is unlikely to be Romania’s first green hydrogen plant.

A 2.5MW facility in Cluj-Napoca, announced last February, aims to produce one tonne of hydrogen per day and is slated for late 2026–27.

Metacon is using its partnership with Peric to deliver large-scale, cost-competitive alkaline-based hydrogen production projects in Europe.

Its footprint has spread beyond Sweden and into other European countries, such as Greece. Metacon supplied electrolyser stacks for Motor Oil Hellas’ 50MW project in August.

The Swedish company has also been building up its own manufacturing capacity.

It recently expanded its OEM license and manufacturing agreement by three years with Peric. Under the agreement, Metacon will produce Chinese-designed electrolyser stacks in its Swedish gigafactory.