Norway's Nel to build world's largest electrolyser production plant

Norwegian hydrogen technology firm Nel ASA (OSE:NEL) yesterday announced it will spend NOK 150 million (USD 18m/EUR 15.5m) to expand its electrolyser manufacturing capacity by 360 MW.

The company said it wants to make renewable hydrogen mainstream.

The capacity of Nel’s existing Notodden facility has already been increased to 40 MW from 25 MW this year. The next phase of expansion will involve an extension of the current plant, fully automated and "designed according to lean manufacturing principles". Work on the project will formally commence in the second half of 2018. Nel’s plan is to have the factory up and running by early 2020.

“Today, we confirm our leadership position within electrolyzer manufacturing, which will enable us to offer complete solutions at a benchmark price. The target is clear: customers should be able to switch from fossil to renewable solutions without compromising on cost,” said CEO Jon André Løkke.

In mid-2018, Nel won an order for 448 electrolysers and associated fueling equipment from Nikola Motor Company in the US. The Norwegian company will deliver up to 1 GW of electrolysis plus fueling equipment under the multi-billion kroner contract.

(NOK 10 = USD 1.2/EUR 1.04)

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