(
"We continue to realize the full potential of our current technology at the same time as we develop future technologies to help our customers drive down the cost of green hydrogen. This grant will make it significantly easier for us to bring our new innovative pressurized alkaline technology to market," said Nel's President and CEO,
Nel has been developing its next-generation pressurized alkaline technology for more than five years. The technology is currently in the prototype stage with promising results. Nel has now been awarded a grant for a phased build-out of production at Herøya,
"Building on nearly 100 years of electrolyser innovation, we have developed this new, differentiated technology that will be a step-change in cost and performance for renewable hydrogen. Bringing a new technology to market always entails risk, and we are thankful for the support we have previously received from the
The initial build-out is planned for an annual capacity of 1-2 GW, utilizing existing space at Nel's current facility in Herøya,
ENDS
For additional information, please contact:
Lars Nermoen, Head of Communications, +47 902 40 153
About
Nel has a history tracing back to 1927 and is today a leading pure play hydrogen electrolyser technology company with a global presence. The company specializes in Alkaline and PEM technology for production of renewable hydrogen. Nel's product offerings are key enablers for a green hydrogen economy, making it possible to decarbonize various industries such as transportation, refining, steel, and ammonia.
This information is subject to a duty of disclosure pursuant to Section 5-12 of the Norwegian Securities Trading Act. This information was issued as inside information pursuant to the EU Market Abuse Regulation, and was published by
https://news.cision.com/nel-asa/r/nel-asa--awarded-eur-135-million-in-grants-for-industrialization-of-next-generation-electrolyser-tec,c4054532
https://mb.cision.com/Main/115/4054532/3066844.pdf
(c) 2024 Cision. All rights reserved., source