By Reuters Staff 2 Min Read COPENHAGEN (Reuters) - Green Hydrogen Systems, which makes electrolysers to produce green hydrogen, said on Thursday it plans to raise around 1 billion Danish crowns ($164 million) in an initial public offering (IPO) in Copenhagen. The Danish company, which has already secured backing from state pension fund ATP, the Danish growth fund, Nordea and Maersk-owner A.P. Moller Holding, plans to use the proceeds for research and development and to ramp up production capacity. “Green Hydrogen Systems is well-positioned to become a leading supplier of electrolysers for the production of hydrogen based on renewable electricity,” Thyge Boserup, chairperson of Green Hydrogen Systems, said in a statement.