(Oslo, 30 December 2020) Nel ASA (OSE:NEL) has been awarded a 20 MW electrolyser
contract with Everfuel A/S (Everfuel) for the green hydrogen production facility
adjacent to the Fredericia refinery in Denmark.
"Everfuel's ambition is to commercialize the green hydrogen value chain to
support Europe's goal of becoming carbon neutral. This is the first important
step and we are proud to announce this contract for the green hydrogen
production facility in Fredericia, positioning our partner Everfuel in the pole
position for the expected growth and expansion of hydrogen as the key energy
carrier in Denmark, " says Jon André Løkke, Chief Executive Officer of Nel.
Nel has entered into an agreement with Everfuel for the delivery of a 20 MW
electrolyser. The Fredericia facility will have a production capacity of up to 8
tons per day of green hydrogen, made from renewable wind power, with 10 tons of
storage capacity. The electrolyser will be delivered in 2021 and fully
operational in mid-2022.
"This is a major step towards establishing our own green hydrogen production
through the HySynergy electrolyser in Fredericia in close cooperation with
Shell's refinery operations. It will feed hydrogen directly into the Everfuel
value chain, connecting renewable energy production and electrolysis with
distribution on high-capacity hydrogen trailers to fueling stations and end
-users. This is at the core of our ambition of commercializing the green
hydrogen value chain for zero-emission mobility," says Jacob Krogsgaard, CEO of
Everfuel.
The Everfuel contract is subject to approval by the Board of Directors and has a
value of EUR 7.2 million.
Separately, with reference to the press release dated 25 November 2020, Everfuel
and Nel has executed the final agreement for the joint venture to develop the
hydrogen fuel market for retail and trucking customers in Norway. Everfuel will
assume 51% ownership of H2FuelNorway AS (H2Fuel), which will be renamed Everfuel
Norway Retail AS from early 2021. Nel will hold the remaining 49% of the shares
in Everfuel Norway Retail AS.
ENDS
For further information, please contact:
Jon André Løkke, CEO, +47 907 44 949
Kjell Christian Bjørnsen, CFO, +47 917 02 097
About Everfuel | www.everfuel.com
Everfuel is making green hydrogen for zero emission mobility commercially
available across Europe, offering competitive all-inclusive hydrogen supply- and
fueling solutions. We own and operate green hydrogen infrastructure and partner
with vehicle OEMs to connect the entire hydrogen value chain and seamlessly
provide hydrogen fuel to enterprise customers under long-term contracts. Green
hydrogen is a 100% clean fuel made from renewable energy and key to
electrification of the transportation sector in Europe and a sustainable future.
We are a young ambitious company, headquartered in Herning, Denmark, and with
activities in Norway, Denmark, Sweden, The Netherlands, Germany and Belgium, and
a plan to grow across Europe. Everfuel is listed on Euronext Growth in Oslo
under EFUEL.
About Nel ASA | www.nelhydrogen.com