Nel ASA: Receives firm purchase order from HH2E for 120 MW of electrolyser equipment.
Reference made to the press release issued January 6, 2023, regarding a Letter of Intent with HH2E. Nel Hydrogen Electrolyser AS, a subsidiary of Nel ASA (Nel) (OSE:NEL), has now signed a firm contract with HH2E for 120 MW of alkaline electrolyser equipment. The value of the contract is approximately EUR 34 million.
HH2E is a renewable energy company planning to deploy scalable hydrogen projects in Germany, such as the HH2E Lubmin in Mecklenburg-Vorpommern, where hydrogen production will commence by 2025 and be increased substantially by 2030.
Håkon Volldal, CEO of Nel, said:
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.
Andreas Schierenbeck, Co-founder and board member of HH2E, said:
One of the prerequisites for reaching our goal of producing at least a quarter of a million tonnes per year of RED-II compliant green hydrogen in Germany by 2030 is the sufficient availability of high-quality electrolysers in Europe, such as those that Nel will supply.
“We are convinced on Nel’s technology, customer support, and experience.”
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Nel ASA: Receives firm purchase order from HH2E for 120 MW of electrolyser equipment, OSLO, Norway, March 14, 2023