EnergyWatch

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

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