Monday, December 28, 2020

Maersk Parent A.P. Moller Holding Invests Millions in Green Hydrogen Systems

 From OffshoreEnergy, December 25:

Denmark’s A.P. Moller Holding, a parent company of shipping major Maersk, has decided to invest in compatriot Green Hydrogen Systems, a supplier of modular electrolyzers producing green hydrogen from renewable energy.

As informed, A.P. Moller Holding will invest in Green Hydrogen Systems in the form of a convertible loan of EUR 20 million (around $24 million).

 “We see hydrogen as an important part of the future green energy mix for industry, shipping and heavy transport,” Jan T. Nielsen, CIO, A. P. Moller Holding, commented.

“Green Hydrogen Systems has a compelling technology platform for electrolytic hydrogen production based on green energy and we are excited to support them in developing this platform further.”

As part of the agreement to invest, A. P. Moller Holding will have the right to appoint one member to the board of directors of Green Hydrogen Systems.

Apart from A.P. Moller Holding, Nordic Alpha Partners, the major shareholder of Green Hydrogen Systems, had agreed to invest an additional EUR 7 million in the company. What is more, current shareholder Norlys Holding will invest EUR 1 million....