Metacon's Strategic Move: Expanding into Pressurized Alkaline Stack Technology for Large Electrolysers

Metacon AB, a Swedish company specializing in energy systems for producing fossil-free "green" hydrogen, has recently signed an add-on agreement with PERIC Hydrogen Technologies Co., Ltd. This agreement grants Metacon the exclusive right to manufacture complete Hydrogen Generation Systems (HGS) based on PERIC's world-leading technology for pressurized alkaline electrolysis modules (stacks) in a large number of European countries. This strategic move is set to significantly enhance Metacon's production capabilities and market reach, while also opening up new business opportunities in the aftermarket.



The agreement, which was signed on February 28, 2025, builds upon the existing OEM license and manufacturing agreement between Metacon and PERIC, announced on January 25, 2024. This supplementary agreement extends the term of the first phase of the overall license from five to eight years, providing Metacon with a longer production cycle and increased stability in its supply chain. This extension allows Metacon to invest in larger-scale manufacturing facilities, potentially increasing its production capacity from the initially planned 0.5 GW per year to 1 GW per year or more.



By manufacturing stacks, Metacon can now offer complete electrolysis plants under its own name and brand, initially with certain components from PERIC, including the electrolysis modules (stacks). Metacon will carry out the necessary adaptations to meet all European requirements and manufacturing standards, ensuring that large parts of the electrolysis plants can be built with local components, maximizing sustainability and providing a stronger offering to the European market.

The pressurized alkaline electrolysis technology used in the stacks is well-suited for large-scale hydrogen production, making it an ideal fit for the industrial sector. This technology is in high demand, as it is one of the most proven large-scale pressurized electrolysis modules available, with over 10 years of operating data for the 5 MW module. PERIC has also launched a 10 MW electrolysis module, which offers significant economies of scale, allowing customers with large production needs to build more efficient and cost-effective electrolysis plants.

The supplementary agreement also opens up a new and potentially very large and long-term business for Metacon in the aftermarket. The stacks, which are the central modules in the electrolysis systems, are designed to be picked out and undergo regeneration at a cost-optimized time for each customer. This allows Metacon to generate additional revenue through stack regeneration services, further enhancing the company's long-term revenue projections.

In conclusion, Metacon's strategic move to expand into pressurized alkaline stack technology for large electrolysers complements its existing technology portfolio for producing fossil-free "green" hydrogen. This agreement provides Metacon with a longer production cycle, increased production capacity, and a new business opportunity in the aftermarket. By offering complete electrolysis plants under its own name and brand, Metacon can meet current and future market needs in Europe with local manufacturing and manufacturing under European standards and quality assurance. This strategic move positions Metacon well to capitalize on the growing demand for clean energy solutions and contribute to a more sustainable future.