Green Hydrogen Systems (One-pager): Announces new CEO and repeats the significant cost and financing plan
Yesterday, Green Hydrogen Systems announced its Q3 2024 results and a new CEO. The company repeated its latest 2024 guidance, plans for significant cost-out and restructuring initiatives, and the need to raise new capital before the end of 2024, which were announced earlier in October 2024.
The investment case one-pager provides insights into key investment reasons and key investment risks as well as perspectives on valuation multiples across some listed peers within the green hydrogen market.
Green Hydrogen Systems (GHS) is a GreenTech company founded in 2007 in Denmark. The company designs and manufactures efficient standardized and modular electrolyzers to produce green hydrogen based on renewable energy.
Disclaimer: HC Andersen Capital receives payment from Green Hydrogen Systems for a Digital IR/Corporate Visibility subscription agreement. /Kasper Lihn 15:00, 31 October 2024.
Green Hydrogen Systems
Green Hydrogen Systems is an electrolyser Original Equipment Manufacturer (OEM) and clean tech company founded in 2007. Green Hydrogen Systems develops and manufactures electrolysis solutions to produce green hydrogen. The company’s production is in Kolding, Denmark. The company was listed at Nasdaq Copenhagen in June 2021, raising DKK 1.1 billion in gross proceeds to significant scale-up the electrolysis capacity. Green Hydrogen Systems aspires to reach more than 200 MW in 2025 corresponding to a revenue of more than DKK 1,000 million with a gross profit margin of approx. 25% in 2025.
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