Green Hydrogen Systems does not believe in EU target of 6 GW next year
Development of green hydrogen is slow, the Danish manufacturer of electrolysis plants admits after a quarter devoid of revenue. Politicians may consider CO2 quotas or more subsidies, the CEO notes.
It is always tempting to look at the bottom line when assessing a company’s performance. Especially when — as is the case for Green Hydrogen Systems on Tuesday morning — the conclusion of the first six months of the year is a loss of almost DKK 200m (USD 29.2m). This corresponds to an operating margin of a staggering -1,359%.
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