Nel ASA announced that its pioneering new plant at Herøya, which is officially opened on April 20, 2022. In addition, falling cost of green hydrogen will unlock new application areas where green hydrogen is the best or only option for decarbonizing. The secret is scale-up and automation, which is lowering the unit cost of electrode production like never before.

Nel is on track to make green renewable hydrogen as cheap, or cheaper, to produce than natural-gas-based hydrogen by 2025. This pioneering new plant at Herøya currently has 500 MW of production capacity. With further investment, this figure can rise to 2 GW, a sizeable portion of the 10 GW of capacity Nel is targeting to reach within 2025, if required by the market.