Copenhagen-based A.P. Møller Holding, the parent company of shipping giant Maersk, revealed intentions to fund Green Hydrogen Systems, supplier of modular electrolyzers producing green hydrogen from renewable energy, in line with ambitious EU hydrogen goals.
As informed, A.P. Moller Holding will invest in Green Hydrogen Systems in the form of a convertible loan of EUR 20 million, while Nordic Alpha Partners, the major shareholder of Green Hydrogen Systems, has also agreed to invest an additional EUR 7 million in the company. Finally, current shareholder Norlys Holding invests an additional EUR 1 million.
We see hydrogen as an important part of the future green energy mix for industry, shipping and heavy transport. Green Hydrogen Systems has a compelling technology platform for electrolytic hydrogen production based on green energy and we are excited to support them in developing this platform further,
…says Jan Nielsen, CIO at A.P. Moller Holding.
As such, Green Hydrogen Systems have obtained investments for a total of EUR 28 million in order to meet the accelerating demand for electrolyzer capacity.
There is an unprecedented momentum in the market for green hydrogen supported by industrial demand and political decisions to sharply increase installed hydrogen capacity in the coming years. The additional funds enable us to scale-up our existing production facilities to meet the surging demand,
…explained CEO Sebastian Koks Andreassen, Green Hydrogen Systems.
The EU recently announced an ambitious hydrogen strategy targeting 6 GW of installed capacity by 2024 and 40 GW by 2030 compared with the current around 300 MW installed hydrogen capacity today.
In addition to this, Germany, the Netherlands, France, Portugal and Norway have established ambitious national strategies for green hydrogen production.