Market Ramp-up: Nel ASA Receives Firm Order From HH2E For 120 MW of Electrolyser Equipment

Oslo, Norway / Berlin, Germany - Nel Hydrogen Electrolyser AS, a subsidiary of Nel ASA, has now signed a firm contract with Hamburg-based HH2E for the supply of two electrolyzers with a capacity of in total 120 MW. The contract is worth around € 34 million.

The two companies had signed a memorandum of understanding in January 2023 for the supply of two 60 MW electrolysis plants. The hydrogen will be used for industrial applications, transportation and heat supply. Overall, HH2E is targeting 4 GW of electrolyzer capacity in Germany by 2030.

HH2E is a renewable energy company planning to deploy scalable hydrogen projects in Germany, such as the HH2E Lubmin in Mecklenburg-Vorpommern, where hydrogen production will commence by 2025 and be increased substantially by 2030.

"One of the prerequisites for reaching our goal of producing at least a quarter of a million tonnes per year of RED-II compliant green hydrogen in Germany by 2030 is the sufficient availability of high-quality electrolysers in Europe, such as those that Nel will supply. We are convinced on Nel's technology, customer support, and experience", said HH2E co-founder and board member Andreas Schierenbeck.

Source: IWR Online, 15 Mar 2023