Swedish manufacturer set to build Chinese electrolysers in Europe under licensing deal with Peric
Metacon seeks subsidies to build a gigafactory producing Beijing-based company's pressurised alkaline machines
Chinese electrolyser manufacturer Peric has signed a deal licensing its pressurised alkaline technology to be manufactured by Swedish technology company Metacon.
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Metacon, which already resells Peric’s electrolysers made in China to the European market, is investigating different financing options — including available subsidies — for a gigafactory in Sweden or another EU member state.
The facility would initially produce 500MW of electrolyser capacity a year, after which the Swedish company plans to scale up to 1GW.
While a firm date for factory operation has not been disclosed, Metacon hints that if it can set up 1GW of annual manufacturing capacity in 4-5 years time, it will be able to address 1.5-3% of demand in Europe.
It further estimates that the value of the total market for electrolysers will reach 400 billion Swedish Krona ($38bn) by 2030.
This could lend credence to claims from Western developers and electrolyser manufacturers that Chinese equipment can only be made at extremely low cost in their home market — and will be more expensive if brought up to European standards.
“The ability to meet current and future market needs in Europe with local manufacturing as well as manufacturing under European standards and quality assurance is one of the driving factors behind the investment,” Metacon said in a press release.
While the EU has so far focused its efforts to bolster its homegrown electrolyser manufacturing industry by accelerating permitting for factories, it had not yet introduced restrictions on imports of this equipment from China.