Nel ASA signs capacity reservation agreement for 16 hydrogen fuelling stations
Published by Isabelle Keltie,
Editorial Assistant
Global Hydrogen Review,
Nel Hydrogen Inc., a subsidiary of Nel ASA, has signed a Capacity Reservation Agreement (CRA) with an undisclosed US energy company, for the delivery of 16 hydrogen fuelling stations to be deployed in the US.
In line with the agreement Nel will reserve capacity and start sourcing long-lead items for the fuelling stations. The manufacturing of the equipment at Nel’s factory in Herning, Denmark, will commence when a final purchase order is signed.
Robert Borin, Senior Vice President, Nel Fuelling Division, said: “We look forward to providing our hydrogen fuelling equipment to this important client and contributing to the deployment of hydrogen fuelling infrastructure in the US.”
The value of the CRA is about US$7 million and is paid upon signature. The final purchase order (including the CRA fee) is estimated to be about US$17 million, whereas a final agreement is expected to be made in 1H23. Delivery of the fuelling equipment is scheduled to commence in 4Q23 and run throughout 2024.
Read the article online at: https://www.globalhydrogenreview.com/hydrogen/22122022/nel-asa-signs-capacity-reservation-agreement-for-16-hydrogen-fuelling-stations/
You might also like
Dynelectro’s 250 kW electrolyser completes 1000 hrs of operation in Iceland
Dynelectro’s 250 kW dynamic electrolyser unit (DEU) has completed more than 1000 hrs of operation at Syntholene Energy’s demonstration facility in Iceland.