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2021-05-03 16:52:50
(Oslo, 3 May 2021) Nel Hydrogen Electrolyser, a division of Nel ASA (Nel,
OSE:NEL), has entered a collaboration with leading solar company First Solar,
Inc. (NASDAQ:FSLR), to develop integrated Photo Voltaic (PV) Hydrogen power
plants.
"We are very excited to announce the collaboration with First Solar, a leading
global manufacturer of solar panels and developer of utility-scale solar power
plants. We will leverage our capabilities to extend our common product offering
the end customer with a target to be able to deliver the lowest total cost of
solar to hydrogen," says Jon André Løkke, Chief Executive Officer, Nel.
Initially, First Solar and Nel will collaborate to develop an integrated power
plant control and Supervisory Control and Data Acquisition (SCADA) system. The
network architecture will enable optimization of PV-electrolyser hybrid
projects, resulting in lowest total cost of hydrogen and electricity. The
parties will over time explore further ways of optimizing and integrating
technology elements throughout the solar and hydrogen production plant.
"With our environmentally advantaged, responsibly-produced CadTel technology, we
are well-positioned to address the market need for large-scale green hydrogen
with the lowest carbon solar electricity available today," said Mark Widmar,
chief executive officer, First Solar. "We are excited to collaborate with Nel, a
leader in the production, storage, and distribution of hydrogen from renewable
energy sources, to develop integrated PV-hydrogen power plants. As solar energy
becomes mainstream, this is an excellent example of how we will power the new
alternatives."
First Solar is a leading American solar technology company and global provider
of responsibly-produced eco-efficient solar modules advancing the fight against
climate change. Developed at R&D labs in California and Ohio, the company's
advanced thin film PV modules represent the next generation of solar
technologies, providing a competitive, high-performance, lower-carbon
alternative to conventional crystalline silicon PV panels. From raw material
sourcing and manufacturing through end-of-life module recycling, First Solar's
approach to technology embodies sustainability and a responsibility towards
people and the planet.
ENDS
For further 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. Our
roots date back to 1927, and since then, we have had a proud history of
development and continuous improvement of hydrogen technologies. Today, our
solutions cover the entire value chain: from hydrogen production technologies to
hydrogen fueling stations, enabling industries to transition to green hydrogen,
and providing fuel cell electric vehicles with the same fast fueling and long
range as fossil-fueled vehicles - without the emissions.