Nel bags order for 200 MW of electrolyser equipment for US project
Nel's M Series Proton PEM Electrolyser. Image by Nel (www.nelhydrogen.com)
July 18 (Renewables Now) - Norwegian hydrogen solutions company Nel ASA (OSE:NEL) has received an order to deliver a 200-MW alkaline electrolyser system for an industrial green hydrogen project in the US.
The firm deal is valued at over EUR 45 million (USD 45.7m) and is the largest order for alkaline electrolyser equipment by Nel, the company said on Monday. The contract was placed with Nel Hydrogen Electrolyser AS by an unnamed US client.
The Norwegian manufacturer will produce and supply the equipment in stacks, from February 2023 to mid-2024 from its electrolyser production facility at Heroya, Norway.
Pending an ongoing engineering study, Nel said it could also be contracted to provide additional balance-of-plant equipment for the project. The specific scheme is entirely privately funded and is underpinned by a 20-year off-take contract and a 20-year electricity power purchase agreement (PPA).
Commenting on the deal, Nel’s CEO Hakon Volldal said: “It will have a substantial, positive impact on Nel’s financials, electrolyser product and production cost, technology development and scale-up plans.”
Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.