Green Hydrogen Systems A/S, based in Kolding, Denmark, has announced a strategic restructuring plan to enhance its competitiveness and financial sustainability. The company is focusing on cost-out and restructuring initiatives aimed at significantly reducing production costs for its X-Series electrolyser product and lowering operational expenses by 40-50%. Despite delays in obtaining orders for the X-Series, the company remains optimistic about its potential in the green energy transition. To address the financial challenges, Green Hydrogen Systems plans to seek a capital increase of up to DKK 300 million by the end of 2024, with additional funding expected by mid-2025. The company will discontinue new sales of the A-Series to concentrate exclusively on commercializing the X-Series, with ongoing efforts to finalize existing A-Series orders. The adjustments in guidance for 2024 revenue reflect the market conditions and the company's proactive measures to adapt to the evolving landscape. The board of directors is actively engaging with shareholders and lenders to secure the necessary funding and support for the company's future success. Despite the short-term hurdles, Green Hydrogen Systems remains committed to its role in the green transition and the potential of green hydrogen technology.