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Nel ASA: Receives purchase order for 5 MW of containerized PEM electrolysers

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Nel ASA (OSE: NEL) has secured a USD 7 million purchase order for two containerized PEM electrolyser units through its subsidiary Nel Hydrogen US. The order comprises two MC500 electrolysers, each with 2.5 MW capacity, destined for a new steel mill in the United States.

The customer, described as one of the largest US steel producers, already utilizes Nel's PEM electrolysers at two other US locations. The ordered units will be manufactured at Nel's Wallingford, Connecticut facility.

According to Nel's Chief Commercial Officer, Todd Cartwright, the company is experiencing increased demand for their containerized PEM electrolysers, particularly for smaller installations, due to their reliable turn-key concept and ease of outdoor installation and operation.

Nel ASA (OSE: NEL) ha ottenuto un ordine di acquisto di 7 milioni di dollari USA per due unità di elettrolisi PEM containerizzate tramite la sua filiale Nel Hydrogen US. L'ordine comprende due elettrolizzatori MC500, ciascuno con una capacità di 2,5 MW, destinati a un nuovo acciaieria negli Stati Uniti.

Il cliente, descritto come uno dei più grandi produttori di acciaio degli Stati Uniti, utilizza già gli elettrolizzatori PEM di Nel in altre due sedi statunitensi. Le unità ordinate saranno fabricate presso lo stabilimento di Nel a Wallingford, Connecticut.

Secondo Todd Cartwright, Chief Commercial Officer di Nel, l'azienda sta vivendo un aumento della domanda per i loro elettrolizzatori PEM containerizzati, in particolare per le installazioni più piccole, grazie al loro concetto turn-key affidabile e alla facilità di installazione e operazione all'aperto.

Nel ASA (OSE: NEL) ha asegurado un pedido de compra de 7 millones de dólares para dos unidades de electrólisis PEM en contenedores a través de su subsidiaria Nel Hydrogen US. El pedido incluye dos electrolizadores MC500, cada uno con capacidad de 2,5 MW, destinados a un nuevo molino de acero en los Estados Unidos.

El cliente, descrito como uno de los mayores productores de acero en Estados Unidos, ya utiliza los electrolizadores PEM de Nel en otras dos ubicaciones en el país. Las unidades solicitadas se fabricarán en la planta de Nel en Wallingford, Connecticut.

Según Todd Cartwright, Director Comercial de Nel, la empresa está experimentando un aumento en la demanda de sus electrolizadores PEM en contenedores, especialmente para instalaciones más pequeñas, debido a su concepto llave en mano confiable y a la facilidad de instalación y operación al aire libre.

Nel ASA (OSE: NEL)은 자회사 Nel Hydrogen US를 통해 두 개의 컨테이너형 PEM 전해조 장치에 대한 700만 달러의 구매 주문을 확보했습니다. 주문에는 각각 2.5 MW 용량을 가진 두 개의 MC500 전해조가 포함되어 있으며, 이는 미국의 새로운 강철 공장에 지정되어 있습니다.

고객은 미국의 가장 큰 강철 생산업체 중 하나로 묘사되며, 이미 Nel의 PEM 전해조를 미국 내 두 곳에서 사용하고 있습니다. 주문된 장치는 Nel의 커네티컷주 월링포드 공장에서 제조될 예정입니다.

Nel의 최고 상업 책임자인 Todd Cartwright에 따르면, 회사는 신뢰할 수 있는 턴키 개념과 야외 설치 및 운영의 용이성 덕분에 보다 작은 설치를 위한 컨테이너형 PEM 전해조에 대한 수요가 증가하고 있다고 합니다.

Nel ASA (OSE: NEL) a obtenu un commande d'achat de 7 millions USD pour deux unités d'électrolyse PEM containerisées grâce à sa filiale Nel Hydrogen US. La commande comprend deux électrolyseurs MC500, chacun ayant une capacité de 2,5 MW, destinés à une nouvelle aciérie aux États-Unis.

Le client, décrit comme l'un des plus grands producteurs d'acier des États-Unis, utilise déjà les électrolyseurs PEM de Nel à deux autres emplacements aux États-Unis. Les unités commandées seront fabriquées à l'usine de Nel à Wallingford, Connecticut.

Selon Todd Cartwright, Chief Commercial Officer de Nel, l'entreprise connaît une demande croissante pour ses électrolyseurs PEM containerisés, en particulier pour les installations plus petites, en raison de leur concept clé en main fiable et de leur facilité d'installation et de fonctionnement en extérieur.

Nel ASA (OSE: NEL) hat eine Bestellung über 7 Millionen USD für zwei containerisierte PEM-Elektrolyseure über seine Tochtergesellschaft Nel Hydrogen US gesichert. Die Bestellung umfasst zwei MC500 Elektrolyseure, die jeweils über eine Leistung von 2,5 MW verfügen und für ein neues Stahlwerk in den Vereinigten Staaten bestimmt sind.

Der Kunde, der als einer der größten Stahlproduzenten der USA beschrieben wird, verwendet bereits Nels PEM-Elektrolyseure an zwei weiteren Standorten in den USA. Die bestellten Einheiten werden in Nels Werk in Wallingford, Connecticut, hergestellt.

Laut Todd Cartwright, Chief Commercial Officer von Nel, verzeichnet das Unternehmen eine steigende Nachfrage nach seinen containerisierten PEM-Elektrolyseuren, insbesondere für kleinere Installationen, aufgrund ihres zuverlässigen Turnkey-Konzepts und der einfachen Installation und Nutzung im Freien.

Positive
  • Secured new USD 7 million purchase order for PEM electrolysers
  • Repeat order from existing major US steel producer customer
  • Customer already using Nel's technology at two other sites, indicating product satisfaction
  • Growing demand for containerized PEM electrolyser solutions
Negative
  • None.

OSLO, Norway, Jan. 21, 2025 /PRNewswire/ -- Nel Hydrogen US, a subsidiary of Nel ASA (Nel) (OSE: NEL), has received a purchase order for two containerized PEM electrolyser units for about USD 7 million. The two MC500 electrolysers, 2.5 MW each, will be used to produce hydrogen for a new steel mill in the US.

The undisclosed customer, one of the largest US steel producers, already uses Nel's PEM electrolysers to generate hydrogen at two other sites in the US.

"We are delighted to receive a purchase order from an existing customer, as it signifies their satisfaction with the performance of our electrolysers," says Nel's Chief Commercial Officer, Todd Cartwright.

"We continue to see an increasing demand for our containerized PEM electrolysers for smaller installations as this reliable turn-key concept offers easy outdoor installation and operation," he says.  

This is a firm purchase order for two PEM MC500 units that will be produced Nel's manufacturing facility in Wallingford, Connecticut.

For additional information, please contact:

Kjell Christian Bjørnsen, CFO, +47 917 02 097
Wilhelm Flinder, Head of Investor Relations, +47 936 11 350

About Nel ASA | www.nelhydrogen.com

Nel has a history tracing back to 1927 and is today a leading pure play hydrogen technology company with a global presence. The company specializes in electrolyser technology for production of renewable hydrogen, and hydrogen fueling equipment for road-going vehicles. 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 Wilhelm Finder, Head of Investor Relations, at NEL ASA on the date and time provided.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/nel-asa/r/nel-asa--receives-purchase-order-for-5-mw-of-containerized-pem-electrolysers,c4090309

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SOURCE NEL ASA

FAQ

What is the value of Nel ASA's (NLLSY) latest electrolyser order in January 2025?

Nel ASA received a USD 7 million purchase order for two containerized PEM electrolyser units.

What is the total capacity of Nel ASA's (NLLSY) new electrolyser order for the US steel mill?

The total capacity is 5 MW, consisting of two MC500 electrolysers of 2.5 MW each.

Where will Nel ASA (NLLSY) manufacture the newly ordered PEM electrolysers?

The PEM MC500 units will be manufactured at Nel's facility in Wallingford, Connecticut.

How many existing US sites are currently using Nel ASA's (NLLSY) PEM electrolysers for steel production?

The customer already uses Nel's PEM electrolysers at two other sites in the US.

What are the advantages of Nel ASA's (NLLSY) containerized PEM electrolysers?

The containerized PEM electrolysers offer a reliable turn-key concept with easy outdoor installation and operation.

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