Thanks for taking five with H2 View. To meet the accelerating demand for electrolyser capacity, Green Hydrogen Systems recently raised €28m to scale-up its operations. How is the company gearing up to meet that demand?
First and foremost, we are investing heavily in scaling up our technology and operations to deliver solutions that lower the levelised cost of hydrogen (LCOH). We have just completed the first phase of our new 150MW capacity factory, equipped with the technology to fully optimise our manufacturing process. In subsequent planned phases, the new facility can be scaled to 30,000 square meters – enough space to manufacture electrolysers with 1,000MW capacity yearly – as demand for our electrolysers continues to grow. In parallel, we have heavily accelerated the work on our multi-MW platforms, which is fundamental to drive down LCOH towards cost parity with fossil fuels. Multi-MW electrolyser technology is required for large scale PtX projects, such as the recently announced energy islands.
Scaling up goes hand-in-hand with our ability to capture significant market shares in the growing market, which is why we also invest in our commercial activities.
What is the potential for green hydrogen in energy island projects?
Denmark, where Green Hydrogen Systems is headquartered, is establishing the world’s first energy islands by 2030, with the aim to produce 5GW electricity, enough to supply five million households. Such surplus can be converted into green hydrogen and other climate-neutral fuels for planes, ships, district heating, heavy-road transport, and heavy industry. Projects of such magnitude, coupling all parts of the energy system, will lower the levelised cost of hydrogen.
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