Nel ASA: Receives purchase order for 5 MW of containerized PEM electrolysers
Rhea-AI Summary
Nel ASA (OSE: NEL) has secured a USD 7 million purchase order for two containerized PEM electrolyser units through its subsidiary Nel Hydrogen US. The order comprises two MC500 electrolysers, each with 2.5 MW capacity, destined for a new steel mill in the United States.
The customer, described as one of the largest US steel producers, already utilizes Nel's PEM electrolysers at two other US locations. The ordered units will be manufactured at Nel's Wallingford, Connecticut facility.
According to Nel's Chief Commercial Officer, Todd Cartwright, the company is experiencing increased demand for their containerized PEM electrolysers, particularly for smaller installations, due to their reliable turn-key concept and ease of outdoor installation and operation.
Positive
- Secured new USD 7 million purchase order for PEM electrolysers
- Repeat order from existing major US steel producer customer
- Customer already using Nel's technology at two other sites, indicating product satisfaction
- Growing demand for containerized PEM electrolyser solutions
Negative
- None.
The undisclosed customer, one of the largest US steel producers, already uses Nel's PEM electrolysers to generate hydrogen at two other sites in the US.
"We are delighted to receive a purchase order from an existing customer, as it signifies their satisfaction with the performance of our electrolysers," says Nel's Chief Commercial Officer, Todd Cartwright.
"We continue to see an increasing demand for our containerized PEM electrolysers for smaller installations as this reliable turn-key concept offers easy outdoor installation and operation," he says.
This is a firm purchase order for two PEM MC500 units that will be produced Nel's manufacturing facility in
For additional information, please contact:
Kjell Christian Bjørnsen, CFO, +47 917 02 097
Wilhelm Flinder, Head of Investor Relations, +47 936 11 350
About Nel ASA | www.nelhydrogen.com
Nel has a history tracing back to 1927 and is today a leading pure play hydrogen technology company with a global presence. The company specializes in electrolyser technology for production of renewable hydrogen, and hydrogen fueling equipment for road-going vehicles. Nel's product offerings are key enablers for a green hydrogen economy, making it possible to decarbonize various industries such as transportation, refining, steel, and ammonia.
This information is subject to a duty of disclosure pursuant to Section 5-12 of the Norwegian Securities Trading Act. This information was issued as inside information pursuant to the EU Market Abuse Regulation, and was published by Wilhelm Finder, Head of Investor Relations, at NEL ASA on the date and time provided.
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SOURCE NEL ASA
FAQ
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