Nel ASA Secures Major PEM Equipment Order for Hydrogen Projects in Norway
Nel ASA Secures Major PEM Equipment Order for Hydrogen Projects in Norway
Nel Hydrogen US, a subsidiary of Nel ASA, has recently announced a significant purchase order from Kaupanes Hydrogen AS and HyFuel AS in Norway, valued at over USD 50 million. This deal, which marks Nel's second-largest firm order to date, involves the supply of PEM systems across two hydrogen projects, each with a capacity of 20 MW. The total contract reflects Nel's increasing footprint in the green hydrogen sector, demonstrating their technology's competitiveness for larger installations.
The HyFuel project, backed by Hydrogen Solutions AS (HYDS), Sogn og Fjordane Energi AS, and Fjord Base Holding AS, will establish a hydrogen production facility at the offshore supply base in Florø. The project has received financial support of NOK 180 million from the government body Enova. Meanwhile, the Kaupanes project will be located within the Kaupanes industrial area in Eigersund municipality, with support amounting to NOK 206 million from Enova.
HYDS has positioned itself as a key player in Norway’s renewable hydrogen landscape, overseeing the development and operation of facilities that harness sustainable energy sources. Their experience in establishing hydrogen systems puts them at the forefront of achieving Norway's ambitious green energy goals.
“This is a pivotal moment for the hydrogen market in Norway, and we are thrilled to be working with Nel as a vital supplier for these projects,” said Frode Kirkedam, CEO of HYDS, highlighting the collaborative efforts between developers and suppliers.
For Nel, the order signifies a return to robust project engagement after a phase of lower order intake. Håkon Volldal, Nel's President and CEO, expressed his enthusiasm regarding the contract, noting that it showcases Nel's strength as a supplier within Norway. The company's proven track record of successfully delivering similar systems worldwide is bolstered by this latest commitment.
The order encompasses full-scope containerized PEM solutions and will result in significant enhancements to Nel’s operational capacities in Europe, positively influencing financial performance and product viability. The H2'2026 delivery timeline throughout 2027 aims for a commercial operation initiation by early 2028, with manufacturing taking place at Nel’s automated factory in Wallingford, USA.
As Nel continues to solidify its role in the hydrogen economy, this purchase order represents not just a milestone for the company but also a critical step forward in the overall development of green hydrogen initiatives in Norway. Nel's advanced PEM technology serves as a crucial enabler for various industries aiming to decarbonize operations, from transportation to steel production.
This partnership with HYDS is set to propel both companies to new heights as they contribute significantly to achieving a sustainable hydrogen future. The implications of such projects are profound as they illustrate the gradual yet crucial shift towards cleaner energy solutions across Europe and the world.
For more information regarding this order and Nel ASA's future projects, you can reach out to Kjell Christian Bjørnsen, CFO at +47 917 02 097 or Wilhelm Flinder, Head of IR and Communications at +47 936 11 350.
Topics Energy）
【About Using Articles】
You can freely use the title and article content by linking to the page where the article is posted.
※ Images cannot be used.
【About Links】
Links are free to use.