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Nel enters framework agreement with Wood to develop large scale green hydrogen projects

nel wood green hydrogen

Nel enters framework agreement with Wood to develop large scale green hydrogen projects. Nel ASA (Nel, OSE:NEL) has entered into a framework agreement with the global consulting and engineering company Wood (LSE: JOHN).

The companies will collaborate to develop and execute large scale, complex green renewable hydrogen projects in select regions across the world.

Jon André Løkke, CEO of Nel ASA:

We are very excited to be entering into this agreement with Wood, who has extensive experience from large, complex projects worldwide.

“As green hydrogen projects are growing in size and complexity, it is crucial for our success to have strong partners to strengthen our project management- and execution capabilities. This is a long-term commitment, and we look forward to working together to further strengthen our competitiveness through leveraging our experience and competence.”

Nel enters framework agreement with Wood to develop large scale green hydrogen projects

Wood is a global leader in consulting and engineering across energy and the built environment, providing consulting, projects and operations solutions in more than 60 countries, employing around 40,000 people.

READ the latest news shaping the hydrogen market at Hydrogen Central

Craig Shanaghey, Wood’s President of Operations for Europe, Middle East and Africa:

We are excited about the opportunity to support NEL Hydrogen as they play their part in the green hydrogen revolution, and as we unite on our commitment to create a more sustainable and cleaner energy future.

“We look forward to leveraging our global engineering and project implementation capabilities to support our client on their delivery of impactful solutions around the world”

The process of phasing in Wood on ongoing projects is underway.

Nel ASA: Enters into framework agreement with Wood, 9 April 2021

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