Metacon Secures $11.5 Million for Uppsala Green Hydrogen Plant

Swedish energy technology firm Metacon said on Friday it had been awarded up to 111 million Swedish Krona ($11.5 million) in government funding to construct a 10-megawatt electrolysis plant in Uppsala. The funding, provided through the Swedish Environmental Protection Agency's "Klimatklivet" initiative, will cover 55% of the total investment of 202 million Swedish krona, the company said in a statement. The remaining investment is partially covered by assets acquired from Hynion's bankruptcy estate last year. Metacon said that the facility, to be located at the Hovgarden waste management site operated by Uppsala Vatten och Avfall, is designed to produce about 1,480 tons of hydrogen per year. The company expects the plant to be operational in H1 2029, with construction slated to begin in H1 2026. The hydrogen from the facility would be supplied to industrial customers and hydrogen refueling stations in central Sweden, a market where supply remains limited and heavily reliant on deliveries from other regions and countries. Metacon said the project is projected to cut carbon dioxide emissions by about 23,000 tons per year, primarily by replacing diesel fuel in heavy transport.