Thyssenkrupp Nucera AG & Co. KGaA, based in Dortmund, Germany, has signed an agreement to acquire core technology assets from Danish company Green Hydrogen Systems (GHS), marking a significant step in its push to strengthen its role in the global green hydrogen market, reports Chemical Engineering.
The acquisition includes intellectual property and a fully operational test facility with a full-scale prototype located in Skive, Denmark. The purchase price, which remains undisclosed, will be covered entirely using thyssenkrupp Nucera’s existing cash reserves.
Dr. Werner Ponikwar, CEO of thyssenkrupp Nucera, said the move shows the company’s firm commitment to supporting the transition to clean energy and further advancing its expertise in hydrogen technology. “This acquisition strengthens our position in high-efficiency, high-pressure electrolysis—essential for industries that need hydrogen in a compressed form,” he said. “In many industrial uses, this reduces or removes the need for separate compression. The addition of a working test site also gives us an ideal space to speed up and expand our development efforts.”
Founded in 2007 in Kolding, Denmark, Green Hydrogen Systems has built deep experience in pressurized alkaline electrolysis. This method produces hydrogen at pressures up to 35 bars, helping to reduce energy costs associated with external compression. The technology is considered a good fit for hydrogen use in pipelines, mobility infrastructure, and industrial processes where compressed hydrogen is necessary at the point of use. Validated through operations at the Skive facility, the technology is expected to boost thyssenkrupp Nucera’s development of next-generation alkaline water electrolysis (AWE) systems.
In 2020, Green Hydrogen Systems was also a partner in a wind-to-hydrogen project led by Siemens Gamesa in Denmark, adding to its track record in clean energy innovation.
Dr. Stefan Hahn, CFO of thyssenkrupp Nucera, said the purchase fits well into the company’s long-term development plans. “This is a smart and financially sound investment that supports our efforts to develop more efficient technologies and create long-term value through innovation,” he said.
The deal is still subject to certain approvals. These include a green light from the court-appointed trustee overseeing Green Hydrogen Systems A/S following a bankruptcy ruling, agreement from some of the company’s creditors, and regulatory clearances. If all approvals are secured, the transaction is expected to be completed by late summer 2025.
