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
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