Metacon AB (publ) and Siemens AB have signed a Memorandum of Understanding to enter into a partnership with the aim of accelerating the manufacturing of H₂ production systems in Sweden, for the European market.

At the beginning of the year, Metacon announced that the company has been granted exclusive rights for the manufacture of complete electrolysis plants based on the partner PERIC's world-leading technology for pressurized alkaline electrolysis modules (stacks). One of the key components of PERIC's alkaline technology is efficient and proven 5-MW modules with over 10 years of operating data. Metacon also has access to the 10-MW module that PERIC recently launched and which today, in terms of power and production, is one of the world's largest.

The rights apply to most European countries and mean that Metacon can start from a proven technology that has been developed and refined for over 60 years, and make the adaptations required to match the requirements for safety and automation found in European standards for H₂ production. With the exclusive right, Metacon now aims to become one of the market leaders in Europe for this type of large-scale H₂ plant.

The joint MoU means that Siemens will become a technology partner to Metacon to contribute with its solid experience in delivering products, solutions and services in automation, power distribution, electrification, instrumentation, building technology and drives. Siemens will also be able to contribute with its wide range of digital services and software for optimization, standardization and simulation during both the manufacturing and operational phases of H₂ plants.

"H₂ is an important piece of the puzzle in the industrial, energy and transport sectors to become CO₂ neutral, and is the focus of Siemens' global investment in Power-to-X. The partnership with Metacon marks a milestone in our quest to create a more sustainable world by, among other things, developing innovative solutions for the energy sector," said Mikael Kraft, Head of Factory Automation and Sales at Siemens Digital Industries.

"Metacon has big plans for the investment in the manufacture and sale of large-scale electrolysis plants to, among others, the basic industry, the wind power sector and the transport sector in Europe. I have a hard time imagining a better partner on such a journey than Siemens. With its world-leading portfolio of technology, expertise and long-standing experience of similar projects, this partnership gives us the opportunity to both accelerate and optimize central parts of our unique Gigafactory project," said Christer Wikner, CEO and President, Metacon.