Nel ASA Secures Major Order for 5 MW PEM Electrolysers
Nel ASA Secures a Significant Purchase Order
Nel Hydrogen US, a proud subsidiary of Nel ASA (OSE: NEL), has recently announced the receipt of a purchase order for two cutting-edge containerized PEM electrolyser units. This purchase order, valued at approximately USD 7 million, marks a pivotal moment for the company as it continues to expand its reach within the renewable energy sector.
Details of the Purchase Order
The two MC500 electrolysers, each with a capacity of 2.5 MW, are designated for a new steel mill project that is set to promote hydrogen production in the United States. This new development exemplifies how industries are increasingly recognizing the importance of sustainable energy sources.
Ongoing Client Relationships
This order comes from an undisclosed client that is already among the largest producers of steel in the nation. The fact that this client has chosen to come back to Nel for their electrolysis needs, after previously utilizing the technology at two other operational sites, speaks volumes about the reliability and effectiveness of Nel's products.
Insights from Company Leaders
Todd Cartwright, Nel's Chief Commercial Officer, expressed his delight regarding the new order, emphasizing that it reflects the customer's satisfaction with the performance of Ne's electrolysers. Cartwright noted, "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. This order is a significant testament to our technology and its expanding role in the green energy landscape."
Production and Manufacturing
As per the order specifications, the two PEM MC500 units will be manufactured at Nel’s state-of-the-art facility in Wallingford, Connecticut. This strategic location underscores Nel’s commitment to manufacturing excellence and innovation.
About Nel ASA
With a storied history that dates back to 1927, Nel ASA stands as a leading pure play hydrogen technology company operating on a global scale. Their expertise centers around electrolyser technology for the production of renewable hydrogen and hydrogen fueling solutions tailored for various applications, including roadgoing vehicles. Nel's advancements are crucial for facilitating the transition to a green hydrogen economy, capable of decarbonizing numerous industries—from transportation and refining to steel and ammonia.
As the world increasingly pivots toward sustainable energy, Nel ASA remains a stalwart in providing the technology necessary to support this transition.
Frequently Asked Questions
What is the significance of the purchase order for Nel ASA?
The purchase order signifies expanding recognition and reliance on Nel's electrolysis technology, which is vital for sustainable hydrogen production.
How will the electrolysers be used?
The electrolysers are intended for hydrogen production to support operations at a new steel mill, showcasing the versatility of hydrogen applications.
Who is the customer placing the order?
The customer is a major US steel producer with existing relationships with Nel, highlighting their trust in the technology.
Where will the units be manufactured?
The units will be produced at Nel's manufacturing facility located in Wallingford, Connecticut.
What role does Nel ASA play in the hydrogen economy?
Nel ASA is a key player in the hydrogen economy, providing technologies that enable various industries to transition to sustainable energy sources.
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