Good morning everyone, and welcome to this second quarter presentation from HydrogenPro. My name is Mårten Lunde. I'm the CEO of the company. I'm here together with Martin Thanem Holtet, who is our CFO, who will cover the financial part of the presentation. This is a broadcasted presentation. You are welcome to send us questions as we move forward on the presentation, and we'll have an organized Q&A session towards the end of the presentation. The usual disclaimers first. We go to the agenda. We'll cover some highlights from the quarter first. We'll go through the financial section and the numbers, and at the end, we'll provide an update from the business. The key highlights for the second quarter for HydrogenPro is that we see that the momentum is continuing to build up in all of the key markets. It's been a very active quarter from a sales and marketing point of view. Obviously, we are extremely pleased that the construction of the next-generation electrode technology facility in Denmark has been completed during the quarter. We are ready now to start full-scale testing in Denmark. I'm very pleased to report to our shareholders that the building and construction of the facility has gone completely in accordance with plans, on time and on budgets. We're also pleased that late in the quarter and recently after the close of the quarter, we have also started operations at our test and R&D center at Herøya next to our office with two container-based installations. We have continued during the quarter to secure production capacity and plan the expansion of our global supply chain, and I'll certainly refer to that later on. We're seeing that the contract opportunities that we have been focusing on continue to develop and being further matured. In France, we have signed an MoU with H2V, our client, and Mitsubishi Power about an expanded cooperation, in addition to the two well-known projects in Dunkirk and Normandy. As I mentioned, the prospect pipeline increasing to even higher levels, and we see projects being matured. Typically we see this, that the contract and the commercial discussions with clients, they move from rather being very technically focused towards becoming more focused on contractual and pure legal clauses. From the outside, we've seen an accelerated focus towards the energy transitions. Recently, we have had the Fit for 55 package in Europe. We had the UN IPCC report very recently. The IPCEI funding arrangements are coming towards conclusion, and on the U.S. side, we've had a number of very interesting initiatives launched from the new Biden administration. This is all very exciting and certainly pushing towards the energy transition in an even further speed than previously anticipated. Internally in HydrogenPro, we have also been scaling up organization. Recently, we have appointed a Chief C ommercial Officer who will start on 1st September. The ISO certification process is going ahead according to plans, and during the fourth quarter, we expect to have the ISO certification completed. Martin will cover the financial figures on the next slides. Yes, we did report a net loss for the quarter of NOK 13 million. I would like to highlight that about 50% of this is related to non-cash items because we have these arrangements of an option related compensation to key staff and personnel. Adjusted for this, we had a very small negative EBITDA of NOK 5.3 million in the quarter. In relation to our quarter balance sheet with a cash position of NOK 471 million, I would conclude the second quarter that we are commercially, technically and financially in a very strong position. I will cover all of this in the industry update section, and then I'll leave it to Martin to present the financials. Great. Thank you, Mårten. Let me walk you through the financials during the quarter. As Mårten stated, we delivered a net loss of NOK 13.1 million during the quarter with a negative EBITDA of NOK 12 million. Also as Mårten stated, this is negatively impacted by a non-cash effect of the option program cost of NOK 6.7 million. On the left-hand side, we have separated the non-cash operating expenditures, to arrive then at an Adjusted EBITDA of NOK -5.3 million. The comparable figure in first quarter was NOK -5.4 million. It's an important focus for us to invest to have an early mover advantage. During the second quarter, we invested NOK 20.3 million. This includes the factory for the next-generation electrodes in Denmark, completed now during the third quarter on budget and on time. We are investing in additional production capacity. Our R&D center at Herøya is now in operations, we are also developing systems and processes in connection with the H2V projects. The quarter ended with a cash position of NOK 471.2 million, that is a reduction of NOK 18.3 million compared to end of first quarter. On the left-hand side, you will find the breakdown of the changes in the cash position. In addition to then the Adjusted EBITDA of NOK -5.3 million and investment, NOK 20.3 million, we have other items which mainly consist of changes in net working capital that gives a positive impact on the cash position for the quarter. It's great to see all the interest in the company. When we did the IPO in October last year, we had 225 shareholders first day of trading, now we have more than 2,600 shareholders. I just want to repeat the message. We are very focused on being transparent and open within the investor community, and that will be an important focus for us going forward. Looking at the balance sheet, we have a very well-capitalized balance sheet. On the left-hand side, you will find the key figures and the fixed assets mainly consist of intangible assets related to the acquisition of ASP and the investments we have made so far in 2021. As mentioned, we ended the quarter with a cash position of NOK 471.2 million and we have no interest-bearing debt and the book equity ratio then ended the quarter at 96.4%. How do we want to grow this company? We have a very clear plan in terms of how we want to grow. In essence, we want to combine a partnership strategy with a focused capital deployment plan. Number one, partnership strategy. For us to take a leading position in this market, it's important to scale up fast, but we see that the size and the complexity of the projects are increasing. Our plan is then to grow through a partnership approach where each of the parties can contribute with their key competencies. Second, we are combining this partnership approach with a very focused capital deployment plan. We are investing in a global supply chain and fabrication setup. Mårten will elaborate more on this later on in the presentation. We definitely want to take the role as a technology leader through investments in R&D and innovation. Of course, the completion of the factory in Denmark and our R&D center in Porsgrunn are two great examples of that. We are not satisfied, and we will continue to invest in R&D and innovation to continue to stay ahead. We will, of course, continue to grow the organization. We will hire experienced people with capabilities and experience of running or executing projects, and we will also continue to invest in systems to always deliver high quality. Lastly, it is likely to be some working capital need on larger projects. Of course, this will depend on several parameters on the project characteristics, on payment terms with clients versus subcontractors. Of course, it will also be a matter of the timing of the different projects when we, in the future, then plan to run several projects in parallel. I hope the message is clear. Very exciting times ahead. With that, back to you, Mårten. Thank you, Martin, for that. Let's move on to the business update and first talk about the sales pipeline. It's been a very active quarter. We've added some 13 projects to the pipeline during the quarter, with in total representing about 2 GW. As you can tell from the right-hand side here, you see the increase recently, particularly coming from Europe. We're also seeing what we have pointed to before, that the average project size continued to increase. The activity really comes from the whole range of potential applications for green hydrogen. There is, among the others, metal industry, there's refineries and power to gas. It's really a broad-based activity level throughout both Europe and the U.S. in particular. We also see that this high level of market activity continues into the third quarter. As we've said before, we believe that we are definitely getting closer to final investment decision dates. As we've said before, we think that the possible awards under these IPCEI and European Green Deal funding programs will be an important catalyst to actually getting on with the major and large projects. As I said, we continue to focus on Europe and the Americas in particular. We also see interest in Asia and Oceania. In particular, recently, there's been some new significant projects being launched out of Australia. We also expect that during the coming months and quarters, we have to rethink and redefine also our strategy for Australia. On this slide, we're showing in orange color the key contract opportunities that we focused on previously, then added in green the rest of the sales pipeline that we are working with. In Europe, I don't have any particular specific news to share on the four contract opportunities that we have covered a lot in the past. In Europe, we continue to work closely with H2V on the projects in Dunkirk and Normandy. In October, there is going to be a public hearing in Dunkirk regarding the 100-MW projects for H2V. That needs to happen this fall. In parallel, H2V continue to mature the contracts, both financially and also commercially. No specific update, rather than we continue to work in a very close relationship with the clients. The same is the case in the U.S. We are continuing our dialogue and conversations with DG Fuels and Mitsubishi. These are all very active processes and dialogue, and we remain confident that we will see some of these final investment dates materialize late this year or into early part of 2022. All in all, we're in good shape on all these opportunities, and we see also new opportunities continue to surface all the time. Turning a bit back the focus to Denmark and our next-generation electrode technology that we have spoken a lot about. I mentioned upfront that we were able to complete this installation on time and on budget. We're totally in accordance with the time schedule that we first presented to you last fall. The factory is complete. What we will do now is to do some testing and validation of our smaller R&D electrodes, do some surface treatment and performance tests, and then during the fourth quarter, we will move into full-scale testing of the electrode technology. That's for ASP. We have now set the stage for a very exciting few months ahead of us. We are very impressed and pleased with what our dedicated team in Denmark have achieved over a few months this spring and summer. This is a picture from this new plating line. We will produce something better when we really get going. This was done just before this presentation, but this is now a fully- automated line, providing a facility to apply this coating technology and then move the electrodes in a pre-controlled manner through various forms of bath, where we will apply this surface treatment that has been developed in this proprietary technology owned by ASP and thereby HydrogenPro. This is the test and demo plant that we have established at Herøya, outside our offices. There are two containers here with an electrolyser system with a capacity of about 20 cu m/h -30 cu m/h. Each of these containers will produce about 2kg-3 kg of hydrogen per hour. These two containers will give us the opportunity to perform R&D, to do innovation, and really improve and streamline our production and optimize the equipment. We're very pleased that this is now in operation and will be very active and also subsequently have the opportunity to present this in more detail to our shareholders and also to clients. On this slide, I have to say that this is not HydrogenPro's own slide. This is an effort to benchmark the competitive landscape between various OEMs, producers of electrolysers. This was a slide that was prepared by Green Hydrogen Systems in connection with their investor presentations and material in connection with the stock exchange listing this summer. This is just showing how Green Hydrogen Systems at the time presented the competitive landscape on three variables. One being the efficiency, which in overview is the far most important parameter for the electrolyser industry. Second here in the middle column is the product footprint, the physical size, and the third is the system delivery pressure. With the time available now, I'm only going to focus on the efficiency side. What we have done with this slide is to insert the comparable figures for HydrogenPro in this competitive landscape. We've inserted our 100-MW system based on our next-generation electrode technology. As you can tell from the scale here, we are launching our new technology, expecting an efficiency rate of 93% of theoretical maximum, which is a drastic increase compared to what other producers are able to deliver at the time being. Again, as I said, this is not our slide. We've simply just inserted for comparative reasons our specific HydrogenPro figures. You all know that efficiency is the absolute single most key driver to the cost of producing hydrogen, as the electricity cost represents about 80% of the cost of green hydrogen. This is also then the reason why we continue to repeat this ambitious message on our ability to produce green hydrogen at the cost of $1.2/ kg in 2022 as we introduce the new electrode technology to the market. We think that's going to happen next year already, which is several years before the more official EU targets of getting even close to these cost levels. This is based on applying our current high-pressure alkaline solutions in combination with the proprietary electrode technology owned by ASP and HydrogenPro. I mentioned the importance of the electricity cost. To get this kind of efficiency levels is absolutely key on making green hydrogen competitive to fossil-based alternatives, which we normally refer to as grey hydrogen. It's also important to point out that in this process and with our high-pressure alkaline technology, we are not dependent on the use of noble metals. We know that for a large part of the renewable industry and also for the producers of electrolysers PEM technology, at least as far as we know at current standards, there's an important difference between alkaline and PEM that we're not relying on the use of noble metals. This is why we think that HydrogenPro will take an industry-leading role in making green hydrogen competitive with fossil-based alternatives. This slide you have seen before. This continue to very important to us. We are planning and working with a global rollout of our technology through independent supply chains in each of Asia, Europe, and U.S. We will build these supply chains with important fabrication hubs in each of the continents, we will develop a very dynamic supply chain with assembly sites to be located very close to where we have the large projects. To some extent, this will be driven by the location of the first large projects that will be awarded to us. We have this target of short to medium term, reaching a production capacity of about and above 1 GW per year. What we have been doing, as we also communicated after first quarter, we have continued to work with getting all the licenses right, the technology rights, the knowhow, the documentation that we need to roll this out internationally in a cooperation, as Martin said, with large industrial partners, where our contribution mainly will be to provide the softer components of the rollout plan. There's been a lot of activity in our surroundings during the last weeks and months. We have had several reports and initiatives. I won't go through in detail all of this, but these are just recent, I would say, measures and reports that will impact the future of renewable energy and green hydrogen. Without exception, all of these initiatives and programs are pulling in our direction. There's been set even more aggressive targets for a renewable future already in 2030, and renewable hydrogen is going to play an absolutely key role in this. In E.U., we see now that there is a structured process, how these new initiatives will go through rounds of discussions and negotiation and finally find a way into legislation some months ahead of us. All of these efforts are pulling towards an accelerated energy transaction. In the U.S., we really see this market is catching up quite fast. The new Biden administration has launched several forceful initiatives, which really will ensure that U.S. will catch up with Europe on this development towards a renewable future. All of this is pulling in our direction. To sum up this presentation, I would say that we are taking an industry leadership within technology and driving the development of increased efficiency. We are, of course, obviously also going to participate in CapEx reduction and industrializing the production of electrolysers. We are relying on a partnership strategy to expand internationally with our supply chain, and fabrication is going to be a key part of this. Momentum is building up and the sales pipeline is increasing, and we are scaling up our capacities and competences to play a key role in this market. We see that the public measures and the public support continue to be extensive, increasing, and even more committing almost on a monthly basis. I would say we're in a very strong position technically, commercially, and financially to move forward with the year and hopefully have some exciting news ahead of us in the near future. Many thanks for the presentation, and we'll see if there's some questions. There are several questions been asked during your presentation. I can take the first one. That is related to the Normandy project. Do you still see a chance that the electrolysers for the Normandy project will not be provided by Air Liquide but by HydrogenPro? That's the first one. The second, how do you see the chances for the Dunkirk project, and when do you expect FID for both projects, Dunkirk and Normandy? I think as I said during the presentation, we have no specific news on neither of the two projects in France. There's no change neither in Dunkirk nor in Normandy. We continue to work with H2V as our important client and partner in France. We all know that within the application, the framework of the applications that's been forwarded to French authorities, it's all based on a HydrogenPro technical solution. There is nothing in our dialogue with H2V indicating any changes or different direction on this. No news on the French contracts. What was the rest of the question? That was, when do you expect FID for both projects? Again, I'm reluctant to provide a more specific date. You will hear from us when we have something more specific to report. The only specific event that I'm aware of for the time being is this public hearing that will happen in Dunkirk in October this year, and then we'll follow this obviously on a very close basis during the coming weeks and months. A follow-up on, again, there is nothing related to the new electrode technology that is the reason why the H2V projects are delayed? No, there's nothing to do with HydrogenPro. These are all delayed out of our control. A question related to HyDeal North America. Have you made any payments to HyDeal North America or any affiliate of HyDeal during 2020 or 2021? We have made a contribution to HyDeal North America because we are a sponsor to that initiative. That's a very limited sponsorship. I must say, I'm very pleased with our participation in HyDeal North America. That is showing a lot of promise. There's certainly a very interesting development there with a mixture of public sector and private initiatives, and we are a key part to several of these initiatives and opportunities for HydrogenPro. I'm very pleased with our participation in HyDeal North America. I think it adds a lot of potential to the company. You mentioned during your presentation the noble metals and the question related to the margin picture. Iridium and other metals prices have skyrocketed. What is the margin picture you can guide? Well, we see that the price of noble metals continue to shoot up. I mentioned during the presentation that we are not reliant on the use of noble metals. We think that puts us in a very competitive position as we will scale up and use more and more of our raw materials. Our main raw material is carbon steel in our systems. Obviously, we've also seen price increases on carbon steel and steel in general, but this cannot compare to what we've seen on price increases on noble metals. Clearly, when we see price increases on steel, we will eventually also have to transfer this to the clients and charge this to the project. We continue to work with the same margins that we have previously done in the past. Given the turbulent situation in the market for raw materials also on steel, we are generally setting fairly short valid times on the kind of offers that we are providing today, just to make sure that we manage this exposure carefully. Follow up on H2V. What is the legal commitments made to H2V, and is there a firm contract in place? Well, there is a contract in place, which has been in place for a long time, since 2018, we have performed a lot of work for H2V under a contract, work that H2V has actually paid about EUR 2.8 million for. That continued to be in place. When you ask whether it's a firm contract, yes, it's a firm contract, but it's still dependent on H2V making their final investment decision. That will not happen before they have everything commercially organized and structured and also before they have the financing in place. Clearly, the original commitment and agreements were made based on pricing in 2018. We are also, as we have previously communicated, working with a repricing of the contract from our point of view. A couple of questions related to your investments. How does your investments translate into an early mover advantage referring to the comments made by the CFO? Well, I think our investments into new technology have primarily been made through the factory in Denmark. I think we have clearly highlighted throughout the presentation the importance of the next-generation electrode technology and how we believe that will put us into an industry-leading position in terms of efficiency and efficient electrolysers. That's key. The other part of our investments through the quarter has really been made into securing investments or production capacity in Asia. This is really intended for our initial projects and before we have fully developed our independent supply chains internationally. T he reason for making certain prepayments on this is that we expect to get the electrolysers and gas separators for our first projects from Asia. Gradually, these will be made and fabricated internationally. You focused on the cost per kilo of hydrogen produced, and you assume a $20/ MWh. Why are you using the $20/MWh? Well, the $ 20/ MWh is not picked coincidentally. First of all, this is the key assumption for making that calculation. It's very important what electricity price assumption is put into the calculation. We're using $20 / MWh because we see that certain other players in the market are using the same. We also see that some academic institutions, governmental agencies, are also relying on $20 / MWh. This is the reason why we also simply applied what seems to be a generally accepted benchmark in the industry. Some few questions related to Mitsubishi. Could you please be more specific on the project with Mitsubishi in the U.S.? That's number one. Since they are a shareholder and a partner also in Europe, one should expect that they are very eager to get the project started. What is the reason for the FID being delayed? I cannot comment that question other than that we are, of course, very pleased and proud to have Mitsubishi Heavy Industries as a main shareholder of the company. I can only reconfirm that our discussions and work with the various entities within Mitsubishi continue to be very active and very close, and we are working with Mitsubishi in Americas, perhaps in particular, both directly towards Mitsubishi independently, but also we are working on several project opportunities together with Mitsubishi Power in the U.S. Our dialogue with Mitsubishi all over the regions continue to be very active and interesting and strong. I cannot go into more specific details on this occasion. Okay. Thank you. I think we have covered the questions being asked. Okay. Thank you then, everyone, and we'll see you at the third quarter presentation. Thank you.