(Oslo, 14 January 2021) Nel Hydrogen Electrolyser, a division of Nel ASA (Nel,
OSE:NEL), has been awarded a EUR 13.5 million contract by Iberdrola for a 20 MW
PEM solution for a green fertilizer project in Spain. Reference is made to the
stock exchange notice on 3 November 2020 where it was informed that Nel was
selected as a preferred supplier for the project.
"We are excited to finalize the agreement with Iberdrola for a PEM electrolyser
solution for this landmark green fertilizer project. It is a true testament to
our PEM platform, which has been deployed all over the world for several
decades. We look forward to work with Iberdrola to scale our PEM platform into a
20 MW solution and the partnership represents an important step towards our
common vision of enabling green hydrogen competitive to fossil hydrogen," says
Filip Smeets, SVP Nel Hydrogen Electrolyser.
Reference is made to the 3 November 2020 announcement regarding Nel being
selected as a preferred supplier by Iberdrola for a 20 MW PEM solution for a
green fertilizer project in Spain, where contract award was subject to mutual
agreement on the final commercial terms. Nel was today awarded the EUR 13.5
million contract for the project with delivery in 2021.
Iberdrola, one of the largest electricity utilities in the world, has together
with a world-leading fertilizer manufacturer Fertiberia launched a project to
establish the largest green hydrogen plant in Europe. Located in Puertollano,
Spain it will feature a 100 MW photovoltaic plant, a battery installation with a
storage capacity of 20 MWh, and a 20 MW electrolyser. The hydrogen will
primarily be used for green fertilizer production.
"The Iberdrola project is strategically important for Nel. It requires
commercialization of technology in the form of a new product range addressing a
significant market with one of the leading companies in the industry. This
partnership with Iberdrola will push our organization to the limits with
technology development, demanding cost reductions and risk mitigation, as it
represents an important milestone for the scale-up and roadmap for our future
PEM solutions," Smeets concludes.
ENDS
For further information, please contact:
Jon André Løkke, CEO, +47 907 44 949
Kjell Christian Bjørnsen, CFO, +47 917 02 097
About Nel ASA | www.nelhydrogen.com
Nel is a global, dedicated hydrogen company, delivering optimal solutions to
produce, store, and distribute hydrogen from renewable energy. We serve
industries, energy, and gas companies with leading hydrogen technology. Our
roots date back to 1927, and since then, we have had a proud history of
development and continuous improvement of hydrogen technologies. Today, our
solutions cover the entire value chain: from hydrogen production technologies to
hydrogen fueling stations, enabling industries to transition to green hydrogen,
and providing fuel cell electric vehicles with the same fast fueling and long
range as fossil-fueled vehicles - without the emissio