Nel ASA: Receives a NOK 600 million purchase order from Woodside Energy

<!DOCTYPE html> <html lang="en" xmlns:wb="//open.weibo.com/wb"> <head> <meta charset="utf-8"> <title>Nel ASA: Receives a NOK 600 million purchase order from Woodside Energy - Business Wire China</title> <meta name="viewport" content="width=device-width, initial-scale=1.0"> <meta name="description" content="OSLO, Norway--(BUSINESS WIRE)-- Nel Hydrogen Electrolyser AS, a subsidiary of Nel ASA (Nel, OSE:NEL), has entered into a contract for alk"> <meta name="keywrods" content=""> <meta name="author" content="Business Wire China"> <link href="/css/bootstrap.css" rel="stylesheet"> <link href="/css/main.css?ver=20220804" rel="stylesheet"> <link href="/css/bootstrap-responsive.css" rel="stylesheet"> <script type="text/javascript" src="/js/jquery.min.js"></script> <script type="text/javascript" src="/js/bootstrap.js"></script> <script type="text/javascript" src="/js/main.js"></script>  <script src="//tjs.sjs.sinajs.cn/open/api/js/wb.js" type="text/javascript" charset="utf-8"></script> </head> <body>  <div class="header"> <div class="wrap"> <div class="container"> <div class="full_980 relative">  <div class="top_panel visible-desktop"> <a href="/zh">简体中文</a> | <a href="/hk">繁體中文</a> | <a href="/en">English</a> <div class="globalsite"><select id="globalsite" class="languages"><option value="0">Business Wire Global sites</option> <option value="1">Business Wire Global</option><option value="3">UK/Ireland</option><option value="4">Deutschland</option><option value="5">France</option><option value="6">Italy</option><option value="7">Japan</option> </select> </div> </div> <div class="logo"><a href="/en"><img src="/images/bwlogo_webmain_china.png" alt="Business Wire China" width="360" height="80"/></a></div> <div class="clear"></div> <div class="navigation"> <ul class="sf-menu"> <li class="current"><a href="/en">Home</a> </li> <li><a href="/en/news/index.html">News</a> </li> <li><a href="/en/events/index.html">Events</a> </li> <li><a href="/en/medias/index.html">Media Services</a> </li> <li><a href="/en/about/index.html">About Us</a> <ul> <li><a href="/en/about/contact.html">Contact Us</a></li> </ul> </li> </ul> <div class="clear"></div>  <div class="search_form visible-desktop"> <form action="/en/news/search" method="get"> <input class="inp_search" name="s" type="text" value="Search..." title="Search..." /> <input type="submit" class="search_btn" value=" " /> </form> </div>  </div>  </div> </div> </div> </div>   <div class="page_wrapper"> <div class="wrap"> <div class="container"> <div id="content"> <script src="http://tjs.sjs.sinajs.cn/open/api/js/wb.js?appkey=3616646312" type="text/javascript" charset="utf-8"></script> <script type="text/javascript" src="/js/swfobject.js"></script> <div class="full_980 main_wrap"> <div class="row"> <div class="span9 main_block story"> <p><a href="https://www.nelhydrogen.com/" target="_blank"><img src="/files/logos/N/Nel2021.jpg" alt="Nel2021"></a></p> <h2 class="storytitle">Nel ASA: Receives a NOK 600 million purchase order from Woodside Energy</h2> <div class="storytimelang"> <span class="time">2022-10-18 19:33</span> <span class="lang"> <ul> <li><a href="/zh/news/51876.html"><img src="/images/zh_cn.png" alt="zh_cn"></a></li> <li><a href="/hk/news/51876.html"><img src="/images/zh_hant.png" alt="zh_hant"></a></li> <li><a href="/en/news/51876.html"><img src="/images/en.png" alt="en"></a></li> </ul> </span> <div class="clear"></div> </div> <ul class="industry-list"> <li><a href="/en/industry/transportation.html" class="btn">Transportation</a></li> <li><a href="/en/industry/energy-environmental.html" class="btn">Energy and Environmental</a></li> <li><a href="/en/industry/manufacturing.html" class="btn">Manufacturing</a></li> <li><a href="/en/industry/chemical.html" class="btn">Chemical</a></li> </ul> <div class="storycontent"> <div itemprop="articleBody"> <p> OSLO, Norway--(<span itemid="https://www.businesswire.com" itemprop="provider publisher copyrightHolder" itemscope="itemscope" itemtype="https://schema.org/Organization"><span itemprop="name"><a href="https://www.businesswire.com/" itemprop="url" referrerpolicy="unsafe-url" rel="nofollow">BUSINESS WIRE</a></span></span>)--</p> <p> Nel Hydrogen Electrolyser AS, a subsidiary of Nel ASA (Nel, OSE:NEL), has entered into a contract for alkaline electrolyser equipment from Australian company Woodside Energy for its proposed hydrogen project, H2OK, in Ardmore in the state of Oklahoma, US. The contract has a total value of about NOK 600 million.</p> <p> “We are extremely proud to be elected by Woodside Energy, a quality company with a strong track record of developing high-quality assets, for this exciting and meaningful project”, says Nel’s CEO Håkon Volldal.</p> <p> H2OK is Woodside’s first hydrogen project in the US, this equipment will support phase 1 of the proposed project (60 tpd). Woodside will site the facility in Ardmore, Oklahoma, an area well suited for hydrogen production with good availability of water and energy. The company will utilize these resources to produce liquid hydrogen to hydrogen fuel cell-powered commercial and heavy transport vehicles.</p> <p> Woodside Energy is looking to expand its US footprint and is also working on two proposed hydrogen projects in Australia: H2Perth and H2Tas.</p> <p> The contract with Woodside was signed only a couple of months after Nel received its record size 200 MW purchase order for another large-scale project in the US.</p> <p> “The electrolyser market is developing favorably for Nel. We are now securing quality contracts with favorable terms and a manageable risk profile. The contract with Woodside will have a substantial positive financial impact on the company”, says Volldal.</p> <p> “It is extremely exciting to work with the professional team at Woodside to realize a project such as this. The Ardmore project will become an excellent showcase for Nel’s electrolyser technology as it aims to enable broader utilization for renewable energy into transportation and industrial sectors” says Tom Skoczylas, Regional Sales Manager for Nel Hydrogen US.</p> <p> The electrolyser stacks will be manufactured in Nel’s factory at Herøya, the world’s only fully automated electrolyser facility.</p> <p> This is a firm purchase order for alkaline stacks, balance of stack (BoS) equipment and engineering for the balance of plant (BoP) equipment (which Woodside will provide). There are pass-through mechanisms for steel and nickel price increases. Woodside aims to proceed with FID in 2023. Production of electrodes is estimated throughout 2024.</p> <p> About Nel ASA | <a href="https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.nelhydrogen.com%2F&esheet=52946270&newsitemid=20221017005769&lan=en-US&anchor=www.nelhydrogen.com&index=1&md5=241bc83328eaf171c645fa390e25b996" referrerpolicy="unsafe-url" rel="nofollow" shape="rect" target="_blank">www.nelhydrogen.com</a></p> <p> Nel is a global, dedicated hydrogen company, delivering optimal solutions to produce, store, and distribute hydrogen from renewable energy. We serve industries, energy, and gas companies with leading hydrogen technology. Our roots date back to 1927, and since then, we have had a proud history of development and continuous improvement of hydrogen technologies. Today, our solutions cover the entire value chain: from hydrogen production technologies to hydrogen fueling stations, enabling industries to transition to green hydrogen, and providing fuel cell electric vehicles with the same fast fueling and long range as fossil-fueled vehicles - without the emissions.</p> </div> <div> <h2> Contacts</h2> <p> Kjell Christian Bjørnsen, CFO, +47 917 02 097<br /> Wilhelm Flinder, Head of Investor Relations, +47 936 11 350<br /> Lars Nermoen, Head of Communications, + 47 902 40 153<br /> <a href="mailto:info@nelhydrogen.com" referrerpolicy="unsafe-url" rel="nofollow" shape="rect" target="_blank">info@nelhydrogen.com</a></p> </div> </div> <div class="subjects"> <ul class="subject-list"> <li><a href="/en/subject/contract-agreements.html">Contract/Agreements News</a></li> </ul> </div> <div class="clear"></div> <div class="commentbox"> <wb:comments url="auto" border="y" width="auto" skin="blue" appkey="3616646312" ></wb:comments> </div> </div> <div class="span3 sidebar"> <div class="widget"> <h3>Business Wire Weibo</h3> <wb:follow-button uid="2676312451" type="red_2" width="136" height="24" ></wb:follow-button> </div> <div class="widget"> <h3>Industries</h3> <ul class="industry"> <li><a href="/en/industry/corporate-social-responsibility">Corporate Social Responsibility</a></li> <li><a href="/en/industry/manufacturing">Manufacturing</a></li> <li><a href="/en/industry/chemical">Chemical</a></li> <li><a href="/en/industry/health-pharmaceutical">Health and Pharmaceutical</a></li> <li><a href="/en/industry/property">Property</a></li> <li><a href="/en/industry/travel">Travel</a></li> <li><a href="/en/industry/automotive">Automotive</a></li> <li><a href="/en/industry/life-entertainment">Life and Entertainment</a></li> <li><a href="/en/industry/energy-environmental">Energy and Environmental</a></li> <li><a href="/en/industry/retail">Retail</a></li> <li><a href="/en/industry/transportation">Transportation</a></li> <li><a href="/en/industry/business-ecommerce">Business and E-commerce</a></li> <li><a href="/en/industry/communications-media">Communications and Media</a></li> <li><a href="/en/industry/metals-mining">Metals and Mining</a></li> <li><a href="/en/industry/finance">Finance</a></li> <li><a href="/en/industry/technology">Technology</a></li> <li><a href="/en/industry/sports">Sports</a></li> <li><a href="/en/industry/education">Education</a></li> <li><a href="/en/industry/art-culture">Art and Culture</a></li> <li><a href="/en/industry/legal">Legal</a></li> </ul> </div> <div class="widget"> <h3>Latest Releases</h3> <ul class="story"> <li><span class="time">2024-11-22 16:15</span><br/><a href="/en/news/58380.html">SIAL Paris 2024: an Exceptional Edition Celebrating Its 60th Anniversary</a></li> <li><span class="time">2024-11-22 15:36</span><br/><a href="/en/news/58379.html">Seequent and the International Geothermal Association Partner to Unlock Geothermal Energy's Potential for a Sustainable Future</a></li> <li><span class="time">2024-11-22 15:12</span><br/><a href="/en/news/58378.html">Rigaku BioScience Lab Opens in USA</a></li> <li><span class="time">2024-11-22 14:59</span><br/><a href="/en/news/58377.html">PUMA Releases Green Flags: A New Podcast Engaging Gen-Z in Sustainability</a></li> <li><span class="time">2024-11-22 14:50</span><br/><a href="/en/news/58376.html">Moody’s Acquires Numerated Growth Technologies, Expanding Lending Technology Solutions</a></li> </ul> </div> </div> </div> </div> </div> </div> </div> </div>   <div id="footer" class="hidden-phone"> <div class="wrap"> <div class="container"> <div class="full_980 relative">  <a href="#" id="totop_btn" class="visible-desktop visible-tablet"></a>   <div class="footer_top"> <div class="col940"> <div class="row"> <div class="span6"> <h4>Shanghai Office</h4> <p class="foot_home">Rm 1502 Xincheng Mansion, No. 167 Jiangning Rd, Shanghai, China</p> <p class="foot_phone">+86 21 5239 8905</p> <p class="foot_email"><a href="mailto:sh@businesswirechina.com">sh@businesswirechina.com</a></p> </div> <div class="span6"> <h4>Business Wire Hong Kong</h4> <p class="foot_home">51/F Hopewell Centre, 183 Queen's Road East<br/>Wan Chai, Hong Kong</p> <p class="foot_phone">+852 3602 3091</p> <p class="foot_email"><a href="mailto:hk@businesswire.com">hk@businesswire.com</a></p> </div> </div> </div> </div>   <div class="footer_bottom"> <div class="fleft"> <div class="copyright">© 2008-2016 Interfax Business Wire Service, all rights reserved.</div> </div> <div class="clear"></div> </div>  </div> </div> </div> </div> <script type="text/javascript"> var _gaq = _gaq || []; _gaq.push(['_setAccount', 'UA-669196-13']); _gaq.push(['_trackPageview']); (function() { var ga = document.createElement('script'); ga.type = 'text/javascript'; ga.async = true; ga.src = ('https:' == document.location.protocol ? 'https://ssl' : 'http://www') + '.google-analytics.com/ga.js'; var s = document.getElementsByTagName('script')[0]; s.parentNode.insertBefore(ga, s); })(); </script> <script language="javascript"> $(document).ready(function() { $("#globalsite").bind("change",function(){ var links = ['','http://www.businesswire.com','http://www.businesswire.ca/','http://www.businesswire.co.uk/','http://www.businesswire.de/','http://www.businesswire.fr/','http://www.businesswire.it/','http://www.businesswire.jp/']; var val = $(this).val(); var link = links[val]; if(link.length>0) { window.open(link); } }); }); </script> </body> </html>

CINXE.COM

Nel ASA: Receives a NOK 600 million purchase order from Woodside Energy - Business Wire China