Danish electrolysis company Green Hydrogen Systems (GHS) has signed an agreement with the European Climate, Infrastructure and Environment Executive Agency (CINEA).
The deal entails a total grant of EUR 9m supporting the development of the company's HyProvide X-Series electrolyzer.
Financially, the grant will be booked as "other operating income from 2023", for which reason the 2021 guidance is maintained, GHS informs in a statement.
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