One of the founders of Water2H2, Metacon has owned 20% of the shares in the company since its interception and held an option to acquire the remaining 80% during January 2022.
Water2H2 already has an existing sales organisation with a presence across several European countries which it hopes to build upon with its hydrogen production technology.
Commenting on the acquisition, Christer Wikner, President and CEO of Metacon, said, “With the earlier acquisition of entire Water2H2, Metacon is taking a major step towards becoming a complete and competitive system supplier in the hydrogen market regardless of technology choice.
“We will now be able to build both an organisation and an offering that meets the needs of the rapidly growing international hydrogen market. Water2H2 has already proven that they can win competitive tenders and has internationally established suppliers in place.”
Johan Berggren, CEO and founder of Water2H2, added, “The development in both the electrolysis market as a whole and the number of procurements that we will be able to participate in has grown faster than we could have imagined.
“The model of offering turnkey hydrogen plants in collaboration with Peric, ABB and GISAB has proved successful. We now see great opportunities to enter the growth environment that Metacon can offer faster than planned and even better conditions to be able to take and conduct business in the future.
“With the international sales capability that we already have in place in Europe, we also see synergies with Metacon’s reforming technology for green hydrogen production from biogas.”
US DOE, General Motors, Microsoft and Plug Power
What does the US Department of Energy (DOE), General Motors, Microsoft and Plug Power have in common? They’re all speaking at H2 View’s North American Virtual Hydrogen Event in October. Will you be joining us on October 19?
North America is in a prime position to lead efforts in decarbonisation, but it still has great distances to travel. The region has been giving chase in a race to green hydrogen dominated by Europe and Asia-Pacific. If policymakers and industry can work together and take the right steps to realise a hydrogen vision, the region is perfectly placed to expand its global energy leadership at scale and speed.
What lessons can be learned from Europe’s policymakers? What are the challenges to be overcome? What are the strengths and opportunities? How can North America go from giving chase to taking a lead in hydrogen? These are all questions our virtual event will address across H2 View’s four pillars of Mobility, Power, Policy and Technology.
Further information on the event, agenda and confirmed speakers can be found here.
To book your virtual delegate pass, click here.