By Dominic Chopping Green Hydrogen Systems AS said Tuesday that its order backlog at the end of the first-quarter more than doubled from a year earlier, reaching 12.0 megawatts from 4.9 megawatts. In a first-quarter trading update, the Danish company said its operating loss narrowed to 57.6 million Danish kroner ($8.1 million) from a loss of DKK163.3 million in same period last year, as revenue fell 70% to DKK97,000.
Last month the company suspended 2022 guidance, saying it had encountered some “technical design complications” with its electrolyzers. The company said recent testing and reviews of its HyProvide A-Series platform have identified certain technical issues that will require some redesign, as well as test and validation of certain product components and functions. “Despite our disappointment in detecting these issues, each of the identified…