Technical due diligence for a 20 MW electrolyzer, Denmark

The client was in discussions regarding a potential participation in a company that was constructing a 20 MW electrolyzer in Denmark. The plant consisted of a hydrogen production system (20 MW electrolyzer), a hydrogen storage system, an electrical system, a control system, and a balance of plant (process piping, compressor, cooling system, water supply, etc.). To assess possible red flags and risks associated with the potential investment, Fichtner acted as an independent consultant and performed a technical due diligence review for the electrolyzer project. The due diligence included a red flag report to highlight major risks, including assessment of the main components, systems, subsystems, balance of plant, available solar irradiation and seawater resources, assumptions regarding the production of the main products (energy, water, hydrogen), as well as the overall design of the facilities.