Nel ASA Secures Contract for Hydrogen Production Units Worth $7 Million
Nel Hydrogen US, a subsidiary of the Norwegian hydrogen technology firm Nel ASA, recently announced a noteworthy purchase order for two containerized PEM (Proton Exchange Membrane) electrolyser units, totaling approximately $7 million. This order entails the delivery of two MC500 electrolysers, each with a capacity of 2.5 MW. The electrolysers will be utilized in hydrogen production for a new steel mill project in the United States.
The end customer, although undisclosed, is recognized as one of the largest steel producers in the U.S. and has previously integrated Nel's PEM electrolysers into their operations at two other locations across the country. This partnership is indicative of the customer’s satisfaction and confidence in the performance and reliability of Nel's technology offerings.
Todd Cartwright, Nel's Chief Commercial Officer, expressed enthusiasm regarding the existing customer’s trust in their solutions. He noted, 'We are delighted to receive a purchase order from an existing customer, as it signifies their satisfaction with the performance of our electrolysers.'
Cartwright highlighted the growing trend toward the adoption of containerized PEM electrolysers, especially in smaller installations. He emphasized that these systems offer straightforward installation and operation, making them appealing for various industrial applications.
This firm purchase order for the two PEM MC500 units will be fulfilled by Nel’s manufacturing facility located in Wallingford, Connecticut, assuring a promising future for the American subsidiary.
Founded in 1927, Nel ASA has established itself as a leader in manufacturing hydrogen technology. The company specializes in advanced electrolyser technology designed for the generation of renewable hydrogen. They also produce hydrogen fueling infrastructure for vehicles—both key components propelling the transition toward a sustainable hydrogen economy.
The commitment to renewable hydrogen is increasingly relevant as industries, including transportation and steel manufacturing, seek to decarbonize their operations and reduce their carbon footprints. Nel's innovative solutions are essential in enabling this shift, offering the steel industry and other sectors crucial pathways to achieve their environmental goals.
For any additional inquiries, interested parties can reach out to Kjell Christian Bjørnsen, CFO at Nel ASA, or Wilhelm Flinder, the Head of Investor Relations, who are available to provide more detailed information.
In conclusion, Nel ASA's recent contract underscores the rising demand for hydrogen solutions through electrolyser technology, reflecting a significant step forward in making renewable hydrogen a reality for heavy industries like steel production. This achievement not only reinforces Nel ASA's strong market presence but also signifies broader environmental efforts in achieving a sustainable, green future.