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Green Hydrogen Systems IPO Aims for $153Mn (Int'l. Alt. Fuel)
Green Hydrogen Systems
Date: 2021-06-09
Copenhagen-based Green Hydrogen Systems, a maker of electrolysers to produce "clean" hydrogen derived from renewable power, reports it plans to raise $163 million with its IPO. Shares will be priced at 40 Danish crowns ($6.54), valuing the company at about 3 billion Danish crowns ($491 million US).

A.P. Moller Holding, the owner of maritime shipping giant Maersk, holds 18 pct of the company and has committed to buy shares worth 37 million crowns. Maersk is aiming to put the world's first vessel powered by carbon-neutral fuel into operation in 2023. Green Hydrogen Systems' current customers include the world's biggest offshore wind farm developer Orsted and top wind turbine maker Siemens Gamesa. The firm is also in talks with Maersk.

Green Hydrogen Systems is backed state pension fund ATP, the Danish Growth Fund and Nordea. (Source: Green Hydrogen Systems, PR, Zawya, 7 June, 2021) Contact: Green Hydrogen Systems, +45 7550 3500, www.greenhydrogen.dk

More Low-Carbon Energy News Green Hydrogen Systems ,  Green Hydrogen,  


Danish Green Hydrogen Systems Planning IPO (Int'l. Report)
Green Hydrogen Systems
Date: 2021-05-28
Kolding, Denmark-headquartered Green Hydrogen Systems, a manufacturer of electrolysers for green hydrogen production, reports it is planning an IPO to raise roughly DKK 1 billion ($164.8 million).

The new funds would be used for R&D, to finance the launch of the new X-Series electrolysers and to potentially expand Green Hydrogen's operations by the end of 2025, according to the release.

Green Hydrogen expects to have 75 MW of capacity by end-2021, reaching 400 MW in the coming years. (Source: Green Hydrogen Systems, PR 25 May, 2021) Contact: Green Hydrogen Systems, Sebastian Koks Andreassen, CEO, +45 7550 3500, www.greenhydrogen.dk

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