OSLO, Norway, Nov. 5, 2025 /PRNewswire/ — Nel Hydrogen US, a subsidiary of Nel ASA (Nel) (OSE: NEL), has gained a company acquire layout from Kaupanes Hydrogen AS and HyFuel AS in Norway. Each are advanced via Hydrogen Answers AS (HYDS) in akin collaboration with the respective undertaking co-owners. Each and every undertaking, each with a capability of 20 MW, are in accordance with Nel’s MC 500 containerized PEM techniques, totaling 40 MW. The overall oath worth is above USD 50 million, the second one biggest company acquire layout Nel has ever gained, and the corporate’s biggest layout ever for PEM apparatus.
The HyFuel undertaking is owned via HYDS, Sogn og Fjordane Energi AS and Fjord Bottom Maintaining AS. The hydrogen manufacturing facility shall be situated on the offshore provide bottom in Florø, Kinn municipality. HyFuel has been awarded NOK 180 million in assistance from Enova.
The Kaupanes undertaking is owned via HYDS, Dalane Energi AS and Eigersund Næring og Havn KF. The hydrogen manufacturing facility shall be situated on the Kaupanes commercial segment in Eigersund municipality. Kaupanes has been awarded NOK 206 million in assistance from Enova.
HYDS is a Norwegian corporate based totally in Leirvik, Stord. The corporate develops, owns, and operates amenities for inexperienced hydrogen manufacturing from renewable power. Its trade spans around the complete worth chain, from construction, energy sourcing and electrolysis, to distribution of hydrogen and similar merchandise. HYDS has a confirmed monitor document in initiation and working hydrogen techniques and is likely one of the few Norwegian builders with each operational enjoy and a scalable undertaking pipeline.
“We are very pleased to reach this decision and look forward to working with Nel as a key supplier on these two projects. This represents an important step in advancing the green hydrogen market in Norway and the Nordics” says HYDS CEO Frode Kirkedam.
“We are excited to sign these contracts. HYDS is an experienced developer, and we look forward to working closely with them on these two important projects in our home country of Norway,” says Nel’s President and CEO, Håkon Volldal
“This strategically important order represents Nel’s second largest contract to date in terms of value and marks an important milestone for the company coming out of a period of lower order intake. Nel has already delivered several systems globally based on its proven and reliable PEM platform. With today’s order we confirm the platform’s competitiveness also for larger installations and it will serve as a key reference for future projects,” Volldal says.
It is a company acquire layout for complete scope containerized PEM answers with a complete oath worth of above USD 50 million. The initiatives are anticipated to have a good affect on Nel’s monetary efficiency, product value and building up the size of Nel’s provider and aftermarket operations in Europe. The techniques shall be delivered from H2’2026 all over 2027 concentrated on industrial operation in early 2028. The stacks shall be constructed on the automatic Wallingford manufacturing facility in the USA.
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Kjell Christian Bjørnsen, CFO, +47 917 02 097
Wilhelm Flinder, Head of IR, Communications & Advertising and marketing +47 936 11 350
About Nel ASA | www.nelhydrogen.com
Nel has a historical past tracing again to 1927 and is lately a prominent natural play games hydrogen era corporate with an international presence. The corporate makes a speciality of electrolyser era for manufacturing of renewable hydrogen, and hydrogen fueling apparatus for road-going cars. Nel’s product choices are key enablers for a inexperienced hydrogen economic system, making it conceivable to decarbonize diverse industries equivalent to transportation, refining, metal, and ammonia.
This knowledge is matter to an obligation of disclosure pursuant to Category 5-12 of the Norwegian Securities Buying and selling Business. This knowledge was once issued as inside of data pursuant to the EU Marketplace Abuse Law, and was once printed via Wilhelm Flinder, Head of Investor Members of the family, Communications and Advertising and marketing, at Nel ASA at the hour and occasion equipped.
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