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 

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