thyssenkrupp nucera acquires technology asset from bankrupt Green Hydrogen Systems

German electrolysis technology specialist thyssenkrupp nucera has acquired high-pressure alkaline electrolysis technology from Denmark’s Green Hydrogen Systems (GHS), which is set to file for bankruptcy.

The deal includes intellectual property and a test facility in Skive, Denmark, featuring a full-scale electrolyser prototype. The purchase price remains undisclosed and will be paid from nucera’s existing liquid funds.

This move broadens nucera’s electrolysis portfolio, adding high-pressure systems to its atmospheric alkaline and developing solid oxide technologies. High-pressure systems are seen as more efficient, cutting costs by reducing the need for hydrogen compression—especially useful for industrial sectors like ammonia production, refining, and steel.

The deal is expected to strengthen nucera’s leadership in hydrogen, according to CEO Dr. Werner Ponikwar. CFO Stefan Hahn noted it aligns with the company’s long-term roadmap and supports efficient, innovation-driven growth.

Pending approval from GHS’s court-appointed trustee, the acquisition is expected to finalise this summer. GHS has confirmed that it will soon file for bankruptcy after failing to secure a buyer amid restructuring. The latter has faced financial struggles since October 2024 and warned earlier this year it could run out of cash by mid-2025.