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Beskrivning

LandNorge
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IndustriIndustriprodukter
NEL är verksamma inom energisektorn. Störst inriktning sker mot vätgas, där bolaget levererar lösningar för produktion, lagring och distribution av vätgas från förnybar energi. Kunderna återfinns inom energi-, gas- samt industrisektorn. En majoritet av lösningarna utgår ifrån egenutvecklad bränslecellsteknik och som komponenter i elbilar. NEL står för ”Norwegian Elektrolys”. Bolaget grundades ursprungligen 1927 och har sitt huvudkontor i Oslo.
2023-01-06 08:07:00
(January 6, 2023 - Oslo, Norway,) Nel Hydrogen Electrolyser AS, a subsidiary of
Nel ASA (Nel, OSE:NEL), has agreed with HH2E for a FEED (Front End Engineering
and Design) study and a Letter of Intent for two 60 MW electrolyser plants in
Germany. The FEED will commence after a firm purchase order is made, and the
parties intend to conclude a contract for electrolyser equipment within the
first half of 2023.

"These projects are important for the energy transition in Germany and Europe,
and we are excited to support HH2E in their efforts to create a greener
society", says Håkon Volldal, CEO of Nel

HH2E's two 60 MW plants will be among the largest green hydrogen production
plants in Europe announced to date. Both facilities are in the first phase and
can be significantly expanded. The hydrogen will be used for industrial
applications, transportation, and heat. In total, HH2E is aiming for 4 GW of
electrolyser capacity in Germany by 2030.

"One of the prerequisites for reaching our growth ambitions is the sufficient
availability of high-quality electrolysers in Europe, such as those that Nel
will supply. We are very happy and confident with Nel's technology and
experience", says Alexander Voigt, Co-founder and board member of HH2E

The signing of the FEED study and Letter of Intent takes place Friday morning,
the same day as Germany's Vice Chancellor Dr. Robert Habeck, Norway's Minister
of Petroleum and Energy, Terje Lien Aasland and Minister of Industry and Trade,
Jan Christian Vestre are visiting Nel's factory in Herøya, Norway, where the
electrolyser equipment for this project will be produced.

"This shows the importance of the German market for Nel, and we are honoured
that the Vice Chancellor Dr. Robert Habeck, together with members of the
Norwegian Government, want to visit our flagship facility today", says Håkon
Volldal

ENDS

For additional information, please contact:
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 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. Since its
origins in 1927, Nel has a proud history of development and continual
improvement of hydrogen plants. Our hydrogen solutions cover the entire value
chain from hydrogen production technologies to manufacturing of hydrogen fueling
stations, providing all fuel cell electric vehicles with the same fast fueling
and long range as conventional vehicles today.