In its Q2 2023 financial results, the company said that it would “prioritise the development of green hydrogen production capacity and reduce refuelling network investments by high grading its hydrogen station portfolio”.
“We apologise for the inconvenience this will cause to customers and employees, but we cannot continue to subsidise public hydrogen refuelling,” said CEO Jacob Krogsgaard. However, the company will continue to build refuelling stations for heavy truck and large vehicle fleets under the EU’s Alternative Fuel Infrastructure Regulation (AFIR). “Therefore, we will restructure our station network, including discounting unprofitable refuelling stations used for car fuelling and adjusting our downstream organisation to a lower activity level,” Krogsgaard added.