Nel ASA Partners with Collins Aerospace for Vital Navy Order
Nel ASA Expands Collaboration with Collins Aerospace
Nel Hydrogen US, a subsidiary of Nel ASA (Nel, OSE:NEL), has achieved another significant milestone by securing a purchase order worth approximately USD 6 million from Collins Aerospace. This order is specifically for PEM electrolyser stacks, which will play a crucial role in producing oxygen for life support systems on board submarines operated by the U.S. Navy.
Strengthening Partnerships in Defense
The partnership with Collins Aerospace has been long-standing and robust. Todd Cartwright, Nel’s Chief Commercial Officer, expressed pride in this collaboration, highlighting the exclusive supply agreement between the two companies. He remarked that providing such vital technology for sustainable submarine operations reinforces their commitment to delivering high-quality solutions.
Technological Advancements in PEM Electrolysis
This recent order is a testament to Nel ASA's impressive manufacturing capabilities and the reliability of their PEM electrolyser technology. The technological advancement represented by these electrolyser stacks is crucial for enhancing the safety and effectiveness of underwater missions, allowing submarines to sustain longer periods without the need for external oxygen supplies.
Delivery Timeline and Expectations
Deliveries of the PEM electrolyser stacks are anticipated to occur over several years, with the initial batch expected to be delivered by late 2025. This order adds to a series of successful deliveries that Nel has made to Collins Aerospace in the past, reinforcing their position as a trusted supplier in this industry.
Manufacturing and Production at Nel ASA
These electrolyser stacks are set to be produced at Nel's advanced manufacturing facility located in Wallingford, Connecticut. The production facility is equipped to handle the complexities and demands of manufacturing high-performing electrolyser systems, ensuring that Nel ASA meets stringent quality standards.
About Nel ASA
Founded in 1927, Nel ASA has grown to become a globally respected leader in hydrogen technologies. With a steadfast commitment to the renewable energy sector, the company's focus is primarily on electrolyser technology for producing renewable hydrogen and hydrogen fueling equipment for vehicles. As a key player in the green hydrogen economy, Nel's innovations support efforts in decarbonizing various industries including transportation, refining, and steel production.
Contact Information for Nel ASA
For further inquiries, please reach out to:
Kjell Christian Bjørnsen, CFO, +47 917 02 097
Wilhelm Flinder, Head of IR, Communications and Marketing, +47 936 11 350
Frequently Asked Questions
What is the purpose of the PEM electrolyser stacks ordered by Collins Aerospace?
The PEM electrolyser stacks will be used to produce oxygen for life support systems aboard submarines operated by the U.S. Navy.
How much is the purchase order from Collins Aerospace worth?
The purchase order is valued at around USD 6 million.
When will the initial delivery of the electrolyser stacks occur?
The first deliveries are expected to take place in late 2025.
Where will the PEM electrolyser stacks be manufactured?
They will be produced at Nel's manufacturing facility in Wallingford, Connecticut.
What are Nel ASA's main areas of focus?
Nel ASA specializes in hydrogen technology, focusing on electrolyser systems for renewable hydrogen production and hydrogen fueling solutions for vehicles.
About The Author
Contact Thomas Cooper privately here. Or send an email with ATTN: Thomas Cooper as the subject to contact@investorshangout.com.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.