EnergyWatch

Green Hydrogen Systems secures grant for electrolyzer development

The Danish manufacturer has obtained EUR 9m in aid for development of an electrolyzer.

Photo: Green Hydrogen Systems/PR

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.

Rapidly expanding Green Hydrogen Systems poised for upswing 

Green Hydrogen Systems bags first electrolyzer order in Norway 

Green Hydrogen Systems' deficit grows upon "fair value" adjustment 

More from EnergyWatch

Employee of Danish marine fuel supplier charged for corruption in Singapore

A trader at KPI Oceanconnect, a subsidiary of Bunker Holding, has been charged with corruption totaling at least USD 191,250 as rewards for nominating Straits for the supply of bunker fuel to KPI's customers. The employee has been suspended and his contract terminated, the company informs ShippingWatch.

EU awards big aid for Danish scaled green hydrogen push

The European Union has green-lit millions of euros of subsidy for a 100MW hydrogen project in Denmark with the involvement of several big domestic players. The project is meant to be the enabling stepping stone for GW-scale H2 projects as well as electrolysis at sea.

Further reading

Related articles

Trial banner

Latest News

See all jobs