Thyssenkrupp nucera AG & Co. KGaA, based in Dortmund, Germany, announced the acquisition of key technology assets from Green Hydrogen Systems (GHS), a Danish company renowned for its expertise in pressurized alkaline electrolysis. The deal involves intellectual property and a test facility with a full-size prototype located in Skive, Denmark. Dr. Werner Ponikwar, CEO of thyssenkrupp nucera, expressed the company's dedication to advancing the green energy transition and enhancing its technology leadership in hydrogen. The technology acquired from GHS operates efficiently at high pressures, up to 35 bars, offering a significant advantage for industrial applications where compressed hydrogen is essential. This innovation eliminates the need for additional compression, making it particularly suitable for applications like pipeline injection, mobility infrastructure, and industrial synthesis processes that require compressed hydrogen at the point of use. The transaction also provides an opportunity for thyssenkrupp nucera to intensify its research and development efforts in a practical setting. Founded in 2007, GHS has a strong background in pressurized alkaline electrolysis, and its technology has been validated at the Skive facility. The acquisition will support thyssenkrupp nucera's ongoing research into next-generation alkaline water electrolysis solutions and enhance its technology base for customers. The announcement of this transaction showcases a positive sentiment towards hydrogen technology, emphasizing its role in the energy transition. Dr. Stefan Hahn, CFO of thyssenkrupp nucera, highlighted the alignment of this acquisition with the company's long-term technology roadmap and its potential to create value through efficiency and innovation. The transaction is contingent on approval from the court-appointed trustee, creditors of Green Hydrogen Systems A/S, and regulatory clearances, with the expected closing set for late summer 2025.