Kim Hedegaard, CEO of power-to-x at Topsoe
Topsoe ‘optimistic’ on its US strategy
Danish electrolyser firm stays focused on US expansion plans amid policy uncertainty in wake of Republican election victory
Danish electrolyser and emission reduction technology manufacturer Topsoe is “optimistic” about its plans to expand its green hydrogen and ammonia business in the US following Donald Trump’s election victory. The Copenhagen-based firm is progressing plans to develop a $400m-plus solid oxide electrolyser cells (SOEC) production base in Virginia, having already received an allocation of nearly $136m in tax credits under the Inflation Reduction Act (IRA) for the project, Kim Hedegaard, the firm’s CEO of power-to-x, told Hydrogen Economist. “We have a bought a piece of land in Virginia and we are ready to set up shop,” he said. “We are doing the design and engineering so that everything is set u
Also in this section
17 January 2025
Bank’s UK arm signs first deal to finance a green hydrogen developer, but cost and offtake pressures mean the sector remains too risky for many lenders
15 January 2025
The country’s technology-neutral position and competitive business environment mean it is looking to be surfing the second wave of the energy transition while others are still grappling with the first
14 January 2025
With abundant wind and sunshine, Africa is poised to lead in green hydrogen production. Yet high costs and financing challenges require global partnerships to unlock the continent's potential
14 January 2025
The continent’s largest economy sees an opportunity to join the global export market, but funding gap and lack of regulatory framework present challenges
