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Erredue S.P.A. ( (IT:RDUE) ) has provided an update.
ErreDue S.p.A. has signed a €900,000 contract with a leading international steel group to supply a 0.5 MW green hydrogen production plant for a facility in Uganda, marking a strategic step in expanding its international presence. The system will use two modular 250 kW alkaline electrolyzers to generate up to 55 tons of high-purity hydrogen annually for redox heat treatments, enhancing the quality of steel products.
By replacing traditional cylinder-based gas supplies, the on-site hydrogen plant is expected to improve safety, simplify logistics and lower operating costs, while supporting decarbonization and energy optimization in hard-to-abate industrial processes. The deal underscores hydrogen’s growing role as a strategic vector in metallurgy and reinforces ErreDue’s positioning as a provider of scalable, advanced solutions in both mature and emerging markets.
The most recent analyst rating on (IT:RDUE) stock is a Buy with a EUR12.20 price target. To see the full list of analyst forecasts on Erredue S.P.A. stock, see the IT:RDUE Stock Forecast page.
More about Erredue S.P.A.
ErreDue S.p.A., based in Livorno and listed on Euronext Growth Milan, designs and produces innovative on-site systems for the generation, mixing and purification of technical gases, including hydrogen from water electrolysis, nitrogen and oxygen. The company focuses on industrial, laboratory, medical and energy-transition applications such as power-to-gas, sustainable mobility and industrial decarbonization, and reported a 2024 production value of €19.1 million.
Average Trading Volume: 5,928
Technical Sentiment Signal: Buy
Current Market Cap: €50M
For an in-depth examination of RDUE stock, go to TipRanks’ Overview page.