Nel Gets $56.1 Million Equipment Order For US Project
October 17 2022 - 2:40AM
Dow Jones News
By Dominic Chopping
Nel ASA said Saturday that its Nel Hydrogen Electrolyser AS
subsidiary has got a deal worth 600 million Norwegian kroner ($56.1
million) for alkaline electrolyser equipment from Woodside Energy
Group Ltd.
The equipment has been ordered for Woodside Energy's proposed
H2OK hydrogen project in Oklahoma, U.S., where it plans to produce
liquid hydrogen for hydrogen fuel cell-powered commercial and heavy
transport vehicles.
Woodside Energy is looking to expand its U.S. footprint and is
also working on two proposed hydrogen projects in Australia:
H2Perth and H2Tas.
"The electrolyser market is developing favorably for Nel," said
Nel Chief Executive Hakon Volldal.
"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."
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
October 17, 2022 02:25 ET (06:25 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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