Metacon has received a payment of €14.9 MM (equivalent to approximately SEK 166 million at today’s exchange rate) from Motor Oil Hellas regarding the completed and approved delivery of ten 5-MW electrolysis stacks.

The payment derives from the project with Motor Oil Hellas for the refinery plant in Corinth, Greece, which is one of Europe’s largest refineries. Metacon signed the contract for the project in the autumn of 2024, as well as an agreement for additional orders in the spring of 2025, after which the electrolysis stacks have now been completed and delivered. Work on the manufacturing and delivery of the remaining equipment for the project is continuing according to plan. The delivery of the electrolysis stacks was preceded by scheduled manufacturing and customer-approved tests (so-called FAT – Factory Acceptance Test).