Permascand has signed a Letter of Intent (LOI) with a leading green hydrogen technology provider and system integrator concerning the manufacturing of high-performance electrodes for advanced alkaline electrolysis, strengthening the company' s existing pipeline of green hydrogen projects. The LOI is an important step in developing long-term cooperation aiming to achieve the ambitions of partner globally by providing a reduction of the levelized cost of hydrogen through product durability, price performance, and circularity. The first project deployment is planned before the end of 2025.