Nel ASA awarded €135 million in grants for industrialisation of electrolyser technology
“We continue to realise the full potential of our current technology at the same time as we develop future technologies to help our customers drive down the cost of green hydrogen. This grant will make it significantly easier for us to bring our new innovative pressurised alkaline technology to market,” said Nel’s President and CEO, Håkon Volldal.
Nel has been developing its next-generation pressurised alkaline technology for more than five years. The technology is currently in the prototype stage with promising results. Nel has now been awarded a grant for a phased build-out of production at Herøya, Norway. The grant application was supported by Enova SF, the Norwegian national contact point for the EU Innovation Fund.
“Building on nearly 100 years of electrolyser innovation, we have developed this new, differentiated technology that will be a step-change in cost and performance for renewable hydrogen. Bringing a new technology to market always entails risk, and we are thankful for the support we have previously received from the Research Council of Norway and Innovation Norway. With this substantially larger grant from the EU Innovation Fund, we will be able to bring the innovation to market at an accelerated pace,” Volldal said.
The initial build-out is planned for an annual capacity of 1-2 GW, utilising existing space at Nel’s current facility in Herøya, Norway. The support will be phased with Nel’s own investments for up to 4 GW of capacity for pressurised electrolyser equipment in Norway. A Final Investment Decision (FID) to start building the capacity depends on achieving successful testing in the current prototype and planned pilot stage, as well as market acceptance of the new technology.
Nel ASA awarded €135 million in grants for industrialisation of electrolyser technology
Nel Hydrogen Electrolyser AS, a fully owned subsidiary of Nel ASA, has been awarded a grant from the EU Innovation Fund of up to €135 million for industrialisation of its next-generation pressurised alkaline technology.
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