OSLO, Norway, Nov. 5, 2025 /PRNewswire/ — Nel Hydrogen US, a subsidiary of Nel ASA (Nel) (OSE: NEL), has won a company acquire layout from Kaupanes Hydrogen AS and HyFuel AS in Norway. Each are advanced by way of Hydrogen Answers AS (HYDS) in near collaboration with the respective undertaking co-owners. Every undertaking, each with a capability of 20 MW, are in response to Nel’s MC 500 containerized PEM programs, totaling 40 MW. The whole word worth is above USD 50 million, the second one greatest company acquire layout Nel has ever won, and the corporate’s greatest layout ever for PEM apparatus.
The HyFuel undertaking is owned by way of HYDS, Sogn og Fjordane Energi AS and Fjord Bottom Retaining AS. The hydrogen manufacturing facility might be situated on the offshore provide bottom in Florø, Kinn municipality. HyFuel has been awarded NOK 180 million in aid from Enova.
The Kaupanes undertaking is owned by way of HYDS, Dalane Energi AS and Eigersund Næring og Havn KF. The hydrogen manufacturing facility might be situated on the Kaupanes business branch in Eigersund municipality. Kaupanes has been awarded NOK 206 million in aid 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 industry spans around the complete worth chain, from construction, energy sourcing and electrolysis, to distribution of hydrogen and matching merchandise. HYDS has a confirmed monitor document in initiation and working hydrogen programs 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.
This can be a company acquire layout for complete scope containerized PEM answers with a complete word worth of above USD 50 million. The tasks are anticipated to have a favorable affect on Nel’s monetary efficiency, product value and build up the size of Nel’s carrier and aftermarket operations in Europe. The programs might be delivered from H2’2026 during 2027 focused on business operation in early 2028. The stacks might be constructed on the computerized Wallingford manufacturing unit in the USA.
For supplementary data, please touch:
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 natural play games hydrogen generation corporate with a world presence. The corporate focuses on electrolyser generation 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 numerous industries equivalent to transportation, refining, metal, and ammonia.
This data is topic to an obligation of disclosure pursuant to Division 5-12 of the Norwegian Securities Buying and selling Business. This data was once issued as within data pursuant to the EU Marketplace Abuse Law, and was once revealed by way of Wilhelm Flinder, Head of Investor Members of the family, Communications and Advertising and marketing, at Nel ASA at the while and life equipped.
This data was once dropped at you by way of Cision http://news.cision.com
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