- Nel ASA has received an order to supply a 200 MW alkaline electrolyser system.
- The specific scheme is entirely privately funded and under a 20-year offtake contract and a 20-year electricity power purchase agreement (PPA)
Nel ASA, a hydrogen solutions company in Norway, has received an order to supply a 200MW alkaline electrolyser system for an industrial green hydrogen project in the US. The deal with the firm has an estimated value of EUR 45 million and is the largest order for alkaline electrolyser equipment by Nel, the company revealed. The order was placid with Nel Hydrogen Electrolyser AS by an unnamed client from the US.
Nel ASA will produce and supply the electrolyser in stacks from February 2023 to mid-2024 from its electrolyser production facility at Heroya, Norway. While 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 under a 20-year offtake 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.”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.”