Green Hydrogen Systems Appoints New CFO to Drive Financial Strategy
Key Ideas
  • Green Hydrogen Systems appoints Michael Kaalund as CFO and member of Executive Management, effective from 1 November 2024.
  • Michael Kaalund brings over 20 years of international leadership experience in finance and general management to the role.
  • His expertise in project-based industrial companies and experience with North European equity funds will support Green Hydrogen Systems' financial growth.
  • The company, founded in 2007, specializes in producing green hydrogen using renewable energy sources for a net-zero emission society.
Green Hydrogen Systems, based in Kolding, Denmark, has announced the appointment of Michael Kaalund as its new Chief Financial Officer (CFO) and a member of the Executive Management team, effective from 1 November 2024. With over 20 years of international leadership experience, Michael Kaalund's background in finance and general management across various industries, including multinational corporations and local businesses, makes him a valuable addition to the company. His expertise in project-based industrial companies and his experience working with North European equity funds will be crucial for Green Hydrogen Systems as they navigate future financial growth. The CEO, Peter Friis, expressed excitement about Kaalund joining the team to drive the company's financial strategy as they scale their operations. Green Hydrogen Systems specializes in providing standardized and modular electrolysers for green hydrogen production, entirely based on renewable energy sources. This technology is essential for the ongoing shift towards a net-zero emission society by 2050. The company, founded in 2007, has developed a cost-competitive electrolysis technology that is endorsed by leading green energy companies.
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