Metacon AB (publ) has been granted approximately $11 MM in support from Klimatklivet to build a 10-MW electrolysis plant in Uppsala for local production of green hydrogen for use in industry and fossil-free and environmentally friendly transport. The project is part of Metacon’s strategy to more clearly demonstrate leading solutions to the market and will be implemented as a full-scale production plant connected to Metacon’s business.

Metacon has been granted climate investment support to build an electrolysis plant at Uppsala Vatten och Avfall AB’s Hovgården waste management facility outside Uppsala. The support amounts to a maximum of approximately $11 MM and corresponds to 55% of a total project investment of $21 MM.

The planned plant will have a capacity of 10 MW and an estimated annual production of approximately 1,480 tons 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, with the aim of increasing the availability of green hydrogen in the region. Interest in the production has primarily been verified through letters of intent with both national and local market participants.

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

The project also includes integration and synergies with existing operations at Hovgården. Oxygen generated in the electrolysis process is planned to be used in Uppsala Vatten och Avfall’s process for leachate treatment, while the heat generated in the process will be recovered for heating within the facility. This contributes to highly efficient overall energy use and resource utilization in the system.

For Metacon, the project also constitutes a strategic reference plant in commercial operation. The plant enables demonstration of the company’s technology, system integration and operation under real conditions, which is central in dialogues with customers and partners. One of the purposes is to strengthen the company’s core business in the design, integration and delivery of hydrogen systems by establishing a full-scale reference environment for Metacon’s electrolysis modules for large-scale production of green hydrogen on market-based and competitive terms.

Metacon’s net investment after received support is already partly financed through the acquisition of assets from Hynion’s bankruptcy estate, which was communicated on 14 October 2025. The project is also structured so that the capital requirement is lower in the initial phases, meaning that the majority of the remaining financing need will arise later in the project.

Construction is planned to start in the second half of 2026, with commissioning expected during the first quarter of 2029.

“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,” said Christer Wikner, President and CEO of Metacon.