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Nel announces green hydrogen orders in the U.S. and Korea

| By Mary Bailey

Nel Korea Co., Ltd., a subsidiary of Nel Hydrogen ASA, has received a purchase order from Hydrogen Energy Network Co., Ltd. (HyNet) for three additional H2Station hydrogen fueling stations in Korea.

“We are happy to receive the purchase orders for three additional hydrogen fueling stations. It is another milestone after we went operational with our first H2Station in Chungbuk province last week”, says Yong-Kyu Lee, Sales Director for Nel Korea.

The value of the purchase order is around €4 million. HyNet is a special purpose company established to roll out 100 hydrogen fueling stations in Korea by 2022, as part of the national ambition in Korea to have more than 300 stations operational by the same year.

Additionally, Nel subsidiary Nel Hydrogen Inc. also recently received a purchase order from Nikola Corporation (Nikola), a global leader in zero-emissions transportation and infrastructure solutions, for 85 megawatt alkaline electrolysers related to the deployment of the world’s first 8 ton/day hydrogen fueling stations. 

“We’re very excited to have reached this landmark milestone with Nikola. Since our partnership began in 2017, we have been working together to develop a massive large-scale hydrogen fueling station. It’s been amazing to see the significant progress made by the Nikola team specific to vehicle development and the station design, and now we are ready to start building,” says Jon André Løkke, chief executive officer of Nel.

“We are building the largest hydrogen network in the world and I couldn’t be prouder to have Nel part of it,” said Trevor Milton, Nikola Corporation’s founder and executive chairman. “These electrolysers will support five heavy-duty hydrogen stations which will cover multiple states and trucking routes in the USA. The future of clean transportation is here, and fleets are lining up to be part of the transition with Nikola.”

The purchase order has a value in excess of $30 million, and the electrolyzers will primarily be delivered from the new electrolyzer mega-factory currently under development in Norway. This purchase order will support Nikola’s five initial stations with 8 ton per day hydrogen production capacity. The remaining equipment will be covered by a separate purchase order that is expected to be finalized within the coming months.

“The framework agreement was one of the key triggers for deciding to develop our alkaline electrolyzer mega-factory in Norway, and has enabled Nikola to reserve capacity in the new plant,” Løkke concludes.