Nel ASA enters into framework agreement with Aibel

Source: press release, 26 April 2021

Jon André Løkke, Nel ASA CEO
Jon André Løkke, Nel ASA CEO (photo: Nel)

Nel ASA has entered into a framework agreement with the major energy service company Aibel. The companies will leverage their capabilities to develop and deliver large scale, complex renewable hydrogen projects.

“We are very excited to be announcing this collaboration with Aibel, a company with vast experience in delivering large scale, complex projects across industries. Their in-house construction expertise and experience in fabrication and modularisation will add significant value to Nel’s global delivery and project execution abilities. This partnership is a long-term commitment, and we look forward to working with Aibel to further strengthen our competitiveness and deliver efficient, cost competitive and predictable projects to our customers,” says Jon André Løkke, CEO of Nel ASA.

Aibel is a service company within the oil, gas and offshore wind industries, providing customers with engineering, construction, modifications and maintenance solutions for offshore and onshore projects throughout the project’s entire life cycle. Aibel’s 4,000 employees are located in Norway and South East Asia. Aibel operates yards in Haugesund and in Thailand, with complete prefabrication, modularisation and construction capabilities.

“The agreement with Nel marks an important milestone for Aibel and represents another strategic step in our ongoing business transformation towards renewable energy segments. Together with Nel we foresee many new business opportunities in a fast-growing, green energy industry,” says Aibel’s President & CEO Mads Andersen.

The process of phasing in Aibel on select, ongoing projects is underway. Aibel will work integrated with Nel for the delivery of the 20 MW PEM hydrogen production plant to Iberdrola.