The company said it had delivered more than 1,200 of its EL 4.0 generation electrolysers to global customers in the last three months of last year, corresponding to a total output of almost 3MW.

The success seen with its electrolyser delivery has led to a preliminary annual turnover of approximately €14.7m ($15.8m), representing a 75% increase from the previous year of €8.4m ($9m).

Launched in March 2022, the EL 4.0 came as Enapter’s ‘one-size-fits-all’ solution for hydrogen production that can be stacked and scaled for projects of any size.

Read more: Enapter launches one-size-fits-all electrolyser; prepares for mass production

“The EL 4.0 is our model for success,” said Sebastian-Justus Schmidt, CEO of Enapter. “Never have we been able to build and deliver so many units in such a short time. We’re pleased to notice the high proportion of existing customers with good experiences with our modular Enapter systems.”

In 2021, Enapter announced it had received €9.3m ($9.9m) in funding from the North Rhine-Westphalia Government to develop new machinery for mass production of its electrolysers.

Read more: Enapter receives €9.3m to scale up electrolyser production

Looking to the year ahead, the company has said it expects a doubling in its sales revenue in 2023, to around €30m ($32.2m).

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