Electrolysis company Green Hydrogen Systems has been given the green light for the technical aspect of its big growth hope.

Third-party validation of the technical concept behind the X-series electrolysis plant has been achieved.

”The third-party validation confirms our technical concept for the X-series and enables us to take the next step in our growth strategy. We expect the X-series to be the largest contributor to our revenue from 2025 onwards,” said Peter Friis, CEO of Green Hydrogen Systems, in an announcement.

The company is now continuing to test the prototype with a focus on operational reliability.

”The company is in dialog with a number of interested customers for the first Mark 1.0 versions and expects to deliver the first plants by the end of 2024 and early 2025,” the announcement states.

Green Hydrogen has had a tumultuous existence on the stock exchange, where component delays and design complications with the company’s A-series have resulted in write-downs and a large drop in the share price.

(Translated using DeepL with additional editing by Catherine Brett)