A.P. Møller Holding injects EUR 28m into Danish hydrogen company

Green Hydrogen Systems has received a large capital investment from A.P. Møller Holding, Nordic Alpha Partners and Norlys.

Photo: Lasse Hyldager/Green Hydrogen Systems

Danish electrolysis system manufacturer Green Hydrogen Systems (GHS) has just been further capitalized with a combined sum of EUR 28 million injected by A.P Møller Holding, which has laid the largest figure with EUR 20 million ventured through a convertible loan that can later be swapped with equity shares, reports Danish business daily Børsen.

Although the hydrogen company's majority shareholder, Nordic Alpha Partners, is also putting another EUR 7 million into GHS, while Norlys is laying EUR 1 million into the pot.

"We see hydrogen as an important part of the future energy mix for industry, shipping and heavy transport. Green Hydrogen Systems has a convincing hydrogen production [system] based on green energy, and we're pleased to support them by developing the platform further," A.P. Møller Holding Chief Investment Officer Jan Thorsgaard Nielsen tells the media in a written comment.

GHS Chief Executive Sebastian Koks Andreassen says the money will be spent on, among other things, expanding production capacity at the company's new factory.

English Edit: Daniel Frank Christensen

Green Hydrogen Systems prepares to double size

Former oil boss aims to open "enormous potential" in hydrogen, PtX

Oil profile to lead Danish hydrogen comet  

Green Hydrogen Systems pursues new giant investment, eyes IPO 


More from EnergyWatch

Further reading

Related articles

Trial banner

Latest News

See all jobs