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Nel ASA: Receives contract for a 1.25 MW containerized PEM electrolyzer for DOE H2@Scale project in the US

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Nel Hydrogen US, a subsidiary of Nel ASA, has secured a contract valued at USD 2.6 million for a 1.25 MW PEM electrolyzer to be installed at a US nuclear power plant. This innovative project aims to produce zero carbon hydrogen and will demonstrate the economic feasibility of hydrogen production at nuclear sites. The electrolyzer, due for delivery in 2022, will address turbine cooling and chemistry control needs. This initiative is part of the DOE's H2@Scale program, highlighting Nel's commitment to clean energy solutions.

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  • Secured a contract worth USD 2.6 million for a 1.25 MW PEM electrolyzer.
  • Project supports carbon-free hydrogen production and clean electricity resources.
  • Demonstrates economic feasibility for hydrogen production at nuclear sites.
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  • None.

OSLO, Norway, Aug. 11, 2021 /PRNewswire/ -- Nel Hydrogen US, a subsidiary of Nel ASA (Nel, OSE:NEL), has received a contract for a 1.25 megawatt (MW) containerized PEM electrolyzer from a leading utility in the US.

Nel Hydrogen US has received a purchase order for a 1.25 MW PEM electrolyzer for installation at a nuclear power plant in the US, a groundbreaking project for carbon-free hydrogen production. "This project represents an important first step toward developing a regional supply of zero carbon hydrogen, while supporting clean baseload electricity resources on the grid," says Stephen Szymanski, Vice President Sales and Marketing at Nel Hydrogen US.

The client will be installing an MC250 electrolyzer at a nuclear power plant for self-supply of hydrogen to meet their turbine cooling and chemistry control requirements. A primary project outcome includes the successful operation and control of what will be the first PEM electrolyzer at a nuclear generating plant in the US configured for dynamic dispatch. In addition, the project will demonstrate the economic feasibility of hydrogen production at nuclear sites and provide a blueprint for large scale carbon-free hydrogen export in support of DOE's H2@Scale program objectives.

The purchase order has a value of approximately USD 2.6 million, and the electrolyzer will be delivered in 2022. The project is funded by the Department of Energy's Hydrogen and Fuel Cell Technologies Office, through the H2@Scale Program.

For additional information, please contact:

Jon André Løkke, CEO, +47 907 44 949

Kjell Christian Bjørnsen, CFO, +47 917 02 097

About Nel ASA | www.nelhydrogen.com

Nel is a global, dedicated hydrogen company, delivering optimal solutions to produce, store and distribute hydrogen from renewable energy. We serve industries, energy and gas companies with leading hydrogen technology. Since its origins in 1927, Nel has a proud history of development and continual improvement of hydrogen plants. Our hydrogen solutions cover the entire value chain from hydrogen production technologies to manufacturing of hydrogen fueling stations, providing all fuel cell electric vehicles with the same fast fueling and long range as conventional vehicles today.

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SOURCE NEL ASA

FAQ

What is the significance of Nel ASA's contract for the 1.25 MW PEM electrolyzer?

The contract marks a critical step towards producing zero carbon hydrogen at a nuclear power plant, showcasing Nel's technology.

When is the delivery date for the 1.25 MW PEM electrolyzer from Nel ASA?

The electrolyzer is scheduled for delivery in 2022.

What is the value of the contract secured by Nel ASA for the PEM electrolyzer?

The contract is valued at approximately USD 2.6 million.

How does the project align with the DOE's H2@Scale program?

The project supports the DOE's H2@Scale program by demonstrating the potential for large-scale hydrogen production.

NEL ASA UNSP/ADR

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