(July 14, 2023 - Oslo, Norway) Nel Hydrogen Electrolyser AS, a subsidiary of Nel
ASA (Nel, OSE:NEL), has signed a contract for 20 MW of alkaline electrolyser
equipment for about EUR 9 million with Hyd'Occ for its project in Port-La
-Nouvelle, France. Nel has already performed and delivered the front-end
engineering and design (FEED) study on the project.
The 20 MW electrolyser will supply renewable hydrogen to local industry and
transportation in southern France. Port-La-Nouvelle, where the electrolyser will
be located, is expected to be a significant hub for hydrogen flows in the
Mediterranean.
Hyd'Occ is backed by Qair, a leading French renewable energy and hydrogen
producer, as the primary shareholder and developer, and AREC Occitanie the
regional agency for energy transition (held by the Occitanie administrative
region), as minority shareholder.
"We are thrilled to announce our collaboration with Hyd'Occ on this pivotal
project in France, where our business footprint has been relatively modest so
far. The project holds great potential for Nel being in one of the
Mediterranean's future hydrogen hubs", says Hans Hide, Chief Project Officer at
Nel.
"We are pleased to count on Nel's support in the development of the first high
-capacity hydrogen production unit in France. This collaboration takes us a step
further in making concrete the hydrogen ecosystem of the future" says Guirec
Dufour, Chief Executive Officer at Qair France.
This is a firm purchase order for alkaline stacks and balance of stacks. The
stacks are planned to be delivered to the client around year-end 2023. Nel will
assist the client in the project's installation, commissioning, and start-up.
ENDS
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.