Green Hydrogen Systems faces insolvency as funding efforts collapse
Danish electrolyser maker Green Hydrogen Systems plans to file for insolvency after failing to secure additional financing.
The company revealed on Sunday (March 9) that it would file for in-court restructuring on Monday (March 10) to assess survival options, including asset sales.
Green Hydrogen Systems has struggled to stay afloat since last October, when it launched a drastic restructuring plan to slash costs by up to 50%.
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