FIH Partners advises the owners of GHS on a convertible loan from AP Moller Holding to GHS

FIH Partners advises the owners of GHS on a convertible loan from AP Moller Holding to GHS
Transaction:
Financing
Date:
Pending
Deal Value:
EUR 28 million
Process:
Private auction
Industry:
Renewables

FIH Partners advised the shareholders of Green Hydrogen Systems on the growth investment of approx. EUR 28 million from A.P. Moller Holding and existing shareholders.

Green Hydrogen Systems is a leading manufacturer of electrolysers for production of green hydrogen. The company is pioneering wind-to-hydrogen projects in Denmark in cooperation with leading wind energy players and is expecting its products to play a key role in decarbonizing energy systems.

To meet the accelerating demand for electrolyser capacity, Green Hydrogen Systems will use the investment to scale up facilities and add resources and competencies along the full value chain of the company, i.e. R&D, sales, manufacturing and assembly, commissioning and after sales services.

A.P. Moller Holding will invest in Green Hydrogen Systems in the form of a convertible loan of EUR 20 million and Nordic Alpha Partners, the major shareholder of Green Hydrogen Systems, has agreed to invest an additional app. EUR 7 million in the company. Finally, current shareholder Norlys Holding invests an additional EUR 1 million.