Liquid Wind AB, the parent company of the Liquid Wind Group, was declared bankrupt on 11 May 2026, FuelCellsWorks.com reported. Lawyer Lars Melin of the law firm Styrks was appointed as bankruptcy trustee. Affected employees have held meetings with the bankruptcy trustee and his colleagues at the law firm handling the bankruptcy proceedings. The business – including the subsidiaries in Sweden, Denmark and Finland – is now up for sale.
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Federal prosecutors arraigned Danish researcher Poul Thorsen on wire fraud and money laundering charges tied to the alleged theft of CDC grant money for autism research after his extradition from Germany, Becker's Behavioral Health reported. Prosecutors allege Mr. Thorsen stole more than $1 million in federal grant money awarded to fund studies examining the relationship between autism and exposure to vaccines, cerebral palsy and infection during pregnancy, and childhood development and fetal alcohol exposure.
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Half a year after being spurned by the FDA and following deep layoffs, IO Biotech has decided to close its doors for good, Fierce Biotech reported. The Danish biotech has ceased operations and said goodbye to its employees, C-suite and board of directors after filing for bankruptcy, according to a March 31 filing with the Securities and Exchange Commission. A trustee appointed by the Delaware bankruptcy court will take control of the company and liquidate its assets.
Danish Volkswagen supplier Støtek A/S, based in Vojens, has filed for administration, according to boosted.dk. The relevant insolvency court in Sønderborg has placed the company into administration. As a result of the insolvency, all 55 employees have been made redundant. Støtek specialised in highly advanced melting and dosing furnaces for the aluminium industry and supplied the automotive sector in particular. Its customers included Volkswagen, Audi and BMW. Notably, the company had previously been praised by Volkswagen itself for its efficiency.
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Orbex’s Danish subsidiary, Orbital Express Launch ApS, is set to file for bankruptcy, with its facilities officially closing on 20 January and approximately 90 employees losing their jobs, European Spaceflight reported. U.K.-based Orbital Express Launch (Orbex) established its business in Denmark in October 2016. According to the company, its Copenhagen-based business carried out work in propulsion, testing, software, avionics and business services.
President Donald Trump on Saturday vowed to implement a wave of increasing tariffs on European allies until the United States is allowed to buy Greenland, escalating a row over the future of Denmark's vast Arctic island, Reuters reported. In a post on Truth Social, Trump said additional 10% import tariffs would take effect on February 1 on goods from Denmark, Norway, Sweden, France, Germany, the Netherlands, Finland and Great Britain — all already subject to tariffs imposed by Trump. Those tariffs would increase to 25% on June 1 and would continue until a deal was reached for the U.S.
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A federal judge on Monday cleared Danish offshore wind developer Orsted to resume work on its nearly finished Revolution Wind project, which U.S. President Donald Trump's administration halted along with four other projects last month, Reuters reported. The ruling by U.S. District Judge Royce Lamberth is a legal setback for Trump, who has sought to block expansion of offshore wind in federal waters.
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Orsted, the Danish renewable energy developer, said on Thursday that it would cut about 2,000 jobs, or around 25 percent of its work force, over the next two years, the New York Times reported. The move was the latest sign of the diminished prospects for offshore wind, a low-emissions technology that Orsted helped pioneer. “We’ll be saying goodbye to many skilled and valued colleagues,” Rasmus Errboe, Orsted’s chief executive, said in a statement.
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An escalation of the US trade war would pose a “substantial risk” of losses for Danish banks, which are heavily exposed to export-driven industries, the Nordic country’s central bank warned, Bloomberg News reported. Danish lenders are particularly vulnerable to further trade tensions through their exposure to manufacturing firms as a large share of industrial exports goes to the US either directly or indirectly, Nationalbanken said in a financial stability report released Tuesday.
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The collapse of Denmark’s Better Energy A/S, a once-hyped solar park developer, is sending repercussions through the Nordic country’s financial system and bringing eerie reminders of the recent problems for another green energy champion, Northvolt AB, in neighboring Sweden, Bloomberg News reported. Better Energy on Thursday said it will start a reconstruction process of two of its main units, blaming poor market conditions and an unwillingness from its investors to provide more funding.
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