Nel ASA Partners with Saipem for a Revolutionary Hydrogen Solution
Nel ASA and Saipem: A Partnership for Sustainable Hydrogen Solutions
In a groundbreaking development, Nel ASA (OSE: NEL) has joined forces with the renowned engineering company Saipem to create a modular green hydrogen production framework, known as IVHY™ 100. This innovative solution targets industries looking to substantially reduce carbon emissions while enhancing their operational efficiency.
Introduction to the IVHY™ 100 Technology
The IVHY™ 100 is a state-of-the-art 100 MW green hydrogen facility that harnesses the power of Nel's reliable and efficient alkaline electrolysers. These electrolysers have been proven over decades to deliver exceptional performance in terms of durability, energy efficiency, and overall robustness. This makes the IVHY™ 100 an ideal choice for businesses aiming to lower their operational costs while transitioning to sustainable energy sources.
The Vision Behind IVHY™ 100
According to Guido d'Aloisio, Chief Commercial Officer of Saipem, the IVHY™ 100 project exemplifies a significant advancement towards innovative solutions in renewable hydrogen production. With the increasing urgency to tackle carbon emissions in industries perceived as hard-to-abate, this technology can play a pivotal role. The initiative also intends to produce hydrogen derivatives, such as ammonia and methanol, contributing to a more sustainable energy economy.
Collaborative Approach to Engineering
This project exemplifies a successful collaboration where Nel serves as the technology provider, offering both alkaline and PEM (Proton Exchange Membrane) electrolyser technologies alongside necessary technical support. Saipem acts as the engineering service provider and EPC contractor, overseeing various aspects, including basic and detailed design, procurement, and the overall construction of the green hydrogen facilities.
Industry Impact and Future Prospects
With an aim to simplify large-scale renewable hydrogen production, this partnership is expected to impact multiple sectors significantly. Håkon Volldal, President and CEO of Nel, expressed pride in Saipem’s choice to utilize Nel's technology, stating it's essential for optimizing hydrogen production processes that cater to the evolving demands of the industry.
Showcasing the Innovative IVHY™ 100
The innovative IVHY™ 100 system will be on display at Saipem's booth during the World Hydrogen Week, highlighting the collaboration and commitment to spearheading renewable hydrogen solutions. This event serves as an excellent platform for demonstrating the capabilities of the technology and its alignment with the global directions for carbon neutrality.
About Nel ASA
Nel ASA, established in 1927, stands as a leading hydrogen technology company. With a legacy of excellence, Nel specializes in both Alkaline and PEM electrolyser solutions critical for producing renewable hydrogen. As the world transitions to a green hydrogen economy, Nel's technologies play an instrumental role in the decarbonization of key industries such as transportation, refining, steel production, and ammonia manufacturing.
Contact Information
For more inquiries, Nel ASA can be reached via:
Kjell Christian Bjørnsen, CFO, +47 917 02 097
Wilhelm Flinder, Head of Investor Relations, +47 936 11 350
Lars Nermoen, Head of Communications, +47 902 40 153
About Saipem
Saipem is globally recognized for its engineering and construction prowess, particularly in the energy and infrastructure sectors. The company operates a diverse portfolio encompassing various business lines, including drilling and sustainable infrastructures. Committed to driving the energy transition, Saipem focuses on innovative engineering solutions that prioritize environmental sustainability and support clients in achieving Net Zero goals.
Frequently Asked Questions
What is the purpose of the IVHY™ 100 solution?
The IVHY™ 100 is designed to enable scalable and efficient production of green hydrogen, targeting industries to reduce carbon emissions significantly.
How does Nel ASA contribute to the project?
Nel ASA provides its advanced alkaline and PEM electrolyser technologies along with essential technical services for the successful implementation of the project.
Why is the IVHY™ 100 considered innovative?
Its modular design allows for easier installation and commissioning, setting a new standard in renewable hydrogen production capabilities.
How can companies leverage this technology?
Businesses can utilize the IVHY™ 100 to optimize their hydrogen production, lower operational costs, and align with global decarbonization goals.
Where can one learn more about this partnership?
Additional information can be acquired by reaching out to the contact persons listed or by exploring Nel ASA and Saipem's respective resources online.
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