Green Hydrogen Systems Secures Financing for Expansion
Key Ideas
- Green Hydrogen Systems secures a DKK 80 million loan and plans a new share issue to raise funds for expansion.
- The company aims to carry out a rights issue of at least DKK 300 million in the spring of 2025.
- Green Hydrogen Systems focuses on developing and producing electrolysis solutions to enable the production of green hydrogen for various applications.
- The products offered by Green Hydrogen Systems include electrolysis units like HyProvide A-Series and HyProvide X-Series for different project scales.
Green Hydrogen Systems has successfully raised a short-term loan of DKK 80 million with a maturity until June 30, 2025. Additionally, the company is planning a significant rights issue of at least DKK 300 million in the upcoming spring of 2025 to support its expansion plans. Green Hydrogen Systems, headquartered in Denmark, specializes in developing and producing electrolysis solutions to facilitate the production of green hydrogen for diverse applications such as Power-to-X installations, transportation, and industrial usage. Their product portfolio includes the HyProvide A-Series, which comprises electrolysis units that can operate individually or in clusters for enhanced capacity, and the HyProvide X-Series that targets large-scale projects like industrial applications and heavy transport. This strategic financing move positions Green Hydrogen Systems for further growth and advancements in the renewable energy sector.