Danish electrolyser producer Green Hydrogen Systems has reported losses of DKK -87.2m ($12.8m) and EBITDA of DKK -161.6m ($23.7m) in H1 2023, compared to DKK -57m ($8.3m) and DKK -131.8m ($19.3m) respectively during the same period of 2022.
Reporting H1 customer contracts revenues of DKK 14.7m ($2.2m), an increase of DKK 14.2m ($2m) from H1 2022, the company highlighted the site acceptance testing and commissioning of electrolysers at customer sites in Chile, Norway and Denmark.
However, Green Hydrogen Systems revealed supply chain and product quality challenges meant it was unable to report a revenue in the second quarter of 2023.
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