Gas technology company GTT has announced a strategic review of its PEM electrolyser subsidiary, Elogen, aimed at reducing its financing requirements.
In an online statement, the parent company wrote, “In a challenging market environment for green hydrogen and with the aim of limiting the financing needs of its subsidiary Elogen, GTT announces that it is undertaking a strategic review of the latter’s activities.
“This strategic review will lead the Group to explore all possible options regarding its subsidiary. Its initial conclusions are expected to be presented in the coming weeks, and no later than at the release of the 2024 annual results.
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