Nel Hydrogen Electrolyser, a subsidiary of Norway’s Nel ASA, and German HH2E have signed a contract for 120 MW of alkaline electrolyser equipment, with a value of approximately €34 million.
The contract follows a Front End Engineering and Design (FEED) study and a Letter of Intent (LoI) from the two companies for two HH2E’s 60 MW electrolyser plants in Germany.
The 60 MW plants are in the first phase and can be significantly expanded, and according to HH2E, the hydrogen from the plants will be used for industrial applications, transportation, and heat.
HH2E said it is aiming for 4 GW of electrolyser capacity in Germany by 2030.
“These projects are important for the energy transition in Germany and Europe, and we are excited to support HH2E in their efforts to create a greener society,” said Håkon Volldal, CEO of Nel.
Andreas Schierenbeck, Co-Founder and board member of HH2E, commented: “One of the prerequisites for reaching our goal of producing at least a quarter of a million tonnes per year of RED-II compliant green hydrogen in Germany by 2030 is the sufficient availability of high-quality electrolysers in Europe, such as those that Nel will supply. We are convinced on Nel’s technology, customer support, and experience.”