Why is Topsoe mothballing its solid oxide electrolyzer cell (SOEC) factory in Herning, Denmark?

Topsoe is mothballing its new solid oxide electrolyzer cell factory in Herning, Denmark, due to 'slower than expected development in targeted clean hydrogen markets, combined with global market uncertainty and general hesitation in the markets we serve,' which necessitates an active response to remain profitable and competitive, according to CEO Elena Scaltritti's statement.

What are the key financial and operational impacts of Topsoe's restructuring of its electrolyzer business?

Topsoe will cut around 440 roles globally and take impairment and restructuring charges of 3.5 billion–3.9 billion Danish kroner ($545 million–$607 million), while targeting annualized cost savings of 450 million–550 million Danish kroner once fully implemented; it has also scrapped plans for a US facility and canceled a 100-MW supply order for First Ammonia’s Texas project, though it remains committed to fulfilling a 55-MW order from Spanish company Forestal del Atlántico.

Topsoe Cuts Back Hydrogen Unit, Plans to Mothball Denmark SOEC Factory

May 20, 2026

Topsoe is restructuring its power-to-X division, mothballing its Danish SOEC factory and cutting 440 jobs due to weak renewable hydrogen demand. Facing $545 million in charges, the company will shift to a partnership model amidst broader industry headwinds.

chemweek

2026-05-20

Topsoe Cuts Back Hydrogen Unit, Plans to Mothball Denmark SOEC Factory

Topsoe Cuts Back Hydrogen Unit, Plans to Mothball Denmark SOEC Factory

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