Danish electrolyser manufacturer Green Hydrogen Systems (GHS) is implementing cost-cutting and restructuring measures in response to slow market adoption of hydrogen and delays in commercialising its X-Series electrolyser.
The company plans to discontinue sales of its A-Series alkaline electrolyser to focus exclusively on the 6MW X-Series system. GHS will continue to manufacture and deliver A-Series orders until its backlog is completed in 2025. The firm has said it will service the A-Series units for the duration of their lifetime.
However, to improve the commercial offering of the X-Series, it intends to reduce costs by 40-50% by 2026 as it hopes to break even earlier than original projections.
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