Norway's Nel books orders for H2 station, electrolyser

Norway’s Nel ASA (OSE:NEL) announced today that it has received two hydrogen-related orders from customers in Europe and the US.

Through its subsidiary Nel Hydrogen Fueling, the Norwegian specialist booked a purchase order for multiple hydrogen fueling station modules to be delivered to a site in the US. The order is valued at over USD 6 million (EUR 5.3m), Nel said.

The customer is described as a “US-based fuel supplier” and was not named in Nel’s press release.

The company will supply its proprietary H2Station units for this project, and do the manufacturing and installation in 2022 and 2023.

In a separate release today, Nel said that its electrolyser division had received an order for an alkaline electrolyser system. The contract, worth around EUR 3 million, was awarded by a “new European customer”.

The division expects to deliver the equipment in 2022, while first hydrogen production would start in 2023.

“The electrolyser will produce hydrogen that will be mixed with natural gas for combustion in a rotary kiln,” said Raymond Schmid, VP Sales and Marketing EMEA.

(USD 1.0 = EUR 0.883)

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