Thyssenkrupp Nucera has signed an agreement to acquire key technology assets of the Danish company Green Hydrogen Systems (GHS). The transaction includes, among other things, intellectual property as well as a test center with a functional prototype at the Skive site in Denmark. The purchase price will be financed from liquid funds. The amount has not been disclosed.
The acquisition is subject to the approval of the court-appointed insolvency administrator of Green Hydrogen Systems A/S, certain creditors, and the relevant authorities. Completion of the transaction is expected in late summer 2025.
High-pressure electrolysis with operating pressure of up to 35 bar
At the core of the acquisition is a modular high-pressure electrolysis technology which, according to Thyssenkrupp Nucera, operates at up to 35 bar operating pressure. The process is expected to offer advantages particularly for industrial applications where hydrogen is required in compressed form. An additional compression step could thus be eliminated.
“The high-pressure electrolysis developed by Green Hydrogen Systems operates with high efficiency at up to 35 bar operating pressure – a decisive advantage for industrial applications,” says Werner Ponikwar, CEO of Thyssenkrupp Nucera. The test center in Skive also enables practical research and development.
Technology to accelerate AWE advancement
The technology from GHS has been extensively tested at the Skive site. It is intended to accelerate the further development of the next generation of alkaline water electrolysis systems (AWE) at Thyssenkrupp Nucera. The goal is to increase efficiency, improve scalability, and reduce costs.
“This transaction fits perfectly with our long-term roadmap for technology development,” says Stefan Hahn, CFO of Thyssenkrupp Nucera. The acquisition enables cost-efficient further development and strengthens the company’s innovative capacity.
Green Hydrogen Systems was founded in 2007 in Kolding, Denmark, and specialized in high-pressure electrolysis. The technology is suitable, among other things, for applications such as pipeline injection, mobility infrastructure, and industrial synthesis processes.
Thyssenkrupp Nucera is a globally active provider of electrolysis technologies with more than 600 installed projects and a total capacity of over 10 gigawatts. The company has been listed on the stock exchange since July 2023 and is a member of the SDAX.
