thyssenkrupp nucera, a global leader in electrolysis technologies, has signed an agreement to acquire core technology assets from Green Hydrogen Systems (GHS), a Danish specialist in pressurized alkaline electrolysis. This strategic acquisition marks a significant milestone in thyssenkrupp nucera’s mission to enhance its green hydrogen portfolio, particularly in high-efficiency and scalable alkaline water electrolysis (AWE) systems.
The deal includes intellectual property and a fully equipped test facility in Skive, Denmark, featuring a large-scale prototype. These assets will serve as a foundation for accelerating research and development aimed at improving the efficiency, cost-effectiveness, and industrial scalability of thyssenkrupp nucera’s AWE offerings. The purchase will be fully financed from existing liquid funds, though the financial terms remain confidential.
Dr. Werner Ponikwar, CEO of thyssenkrupp nucera, commented:
“This acquisition reflects our strategic focus on expanding technological capabilities to support the green energy transition. Green Hydrogen Systems’ high-pressure technology—operating efficiently at up to 35 bar—offers considerable benefits for industrial hydrogen users, particularly by reducing or eliminating the need for external compression. This is a major value add for applications such as pipeline injection, mobility, and industrial synthesis.”
Founded in 2007 in Kolding, Denmark, GHS has pioneered modular high-pressure alkaline electrolyzers that produce hydrogen in compressed form, streamlining processes and improving overall system integration. The acquired assets will bolster thyssenkrupp nucera’s R&D acceleration, allowing faster development and testing in real-world conditions at the Skive site.
Dr. Stefan Hahn, CFO of thyssenkrupp nucera, added:
“This transaction aligns perfectly with our long-term technology development roadmap. It strengthens our innovation pipeline while maintaining capital efficiency and enhancing shareholder value through focused investments in transformative hydrogen technologies.”
The acquisition is subject to several closing conditions, including:
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Approval from a court-appointed trustee overseeing Green Hydrogen Systems A/S bankruptcy proceedings
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Consent from key creditors
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Necessary regulatory clearances
The deal is expected to close by late summer 2025.
With this acquisition, thyssenkrupp nucera strengthens its position as a leading force in the global green hydrogen ecosystem, reinforcing its commitment to delivering next-generation electrolysis technologies for a decarbonized future.
