
Nel Hydrogen Electrolyser AS, a subsidiary of Nel ASA, has signed a NOK 120 million contract for alkaline electrolyser equipment with a high quality North European energy company.
The contract also includes front-end engineering and design (FEED) study related to the deliveries.
This contract is for alkaline electrolyser equipment and related FEED and includes pass-through mechanisms for steel and nickel price adjustments. Production of electrodes is estimated to be completed by end-2023.