Metacon Granted SEK 111 Million ($11.4 Million) From Klimatklivet For Green Hydrogen Production Plant In Uppsala

Metacon Granted SEK 111 Million (.4 Million) From Klimatklivet For Green Hydrogen Production Plant In Uppsala


Metacon announced it has been granted up to approximately SEK 111 million, or about $11.4 million, in support from Klimatklivet to build a 10 MW electrolysis plant in Uppsala for local production of green hydrogen.

The planned plant will be located at Uppsala Vatten och Avfall AB’s Hovgården waste management facility outside Uppsala. The support corresponds to 55% of a total project investment of SEK 202 million, or about $20.8 million.

The plant is expected to have a capacity of 10 MW and an estimated annual production of about 1,480 tonnes of hydrogen at full-scale operation. The hydrogen is intended to be delivered to industrial users and hydrogen refueling stations in Central Sweden, where availability is currently limited and largely dependent on transport from other regions and countries.

The project is based on production under real market conditions and is aimed at increasing the availability of green hydrogen in the region. Interest in the production has been verified primarily through letters of intent with national and local market participants.

According to the approved application, the project is expected to reduce emissions by around 23,000 tonnes of carbon dioxide per year. These reductions are expected mainly from replacing diesel in heavy transport and reducing the need for long-distance hydrogen transport.

The project also includes integration with existing operations at Hovgården. Oxygen generated through the electrolysis process is planned to be used in Uppsala Vatten och Avfall’s leachate treatment process, while heat generated through the process will be recovered for heating within the facility.

For Metacon, the project will serve as a strategic reference plant in commercial operation. The company said the plant will enable the demonstration of its technology, system integration, and operation under real conditions, supporting customer and partner discussions.

One of the purposes of the project is to strengthen Metacon’s core business in the design, integration, and delivery of hydrogen systems by establishing a full-scale reference environment for its electrolysis modules for large-scale green hydrogen production.

Metacon’s net investment after the grant is about SEK 91 million, or about $9.4 million, and is already partly financed through the acquisition of assets from Hynion’s bankruptcy estate, which was announced on October 14, 2025. The project is structured so that the capital requirement is lower in the initial phases, with most of the remaining financing need expected later in the project.

Construction is planned to start in the second half of 2026, with commissioning expected during the first quarter of 2029. Metacon is a Swedish developer, manufacturer, and supplier of hydrogen production systems, including design, installation, service, and maintenance.

KEY QUOTES:

“We are pleased that Klimatklivet wants to enable this initiative, which will show that green hydrogen can be produced efficiently and locally at larger scale. The project brings climate benefits, increased resilience and a higher degree of self-sufficiency in the region, and has clear relevance to market needs. For Metacon, the plant is also an important reference environment where customers and other decision-makers can evaluate a complete production module in practice – from technology and integration to operation and use.”

Christer Wikner, President and CEO of Metacon



Source link

Compare listings

Compare