Nel ASA: Nel signs agreement with HH2E for potential 120 MW hydrogen electrolyzer capacity in Germany.
Nel Hydrogen Electrolyser AS, a subsidiary of Nel ASA (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.
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.
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…