NEL, Greenstat team up for hydrogen from renewables
- Business & Finance
NEL, a global supplier of hydrogen solutions, has formed a partnership with renewable energy company Greenstat for the development of large and small scale hydrogen production facilities in Norway based on renewable energy.
The long-term target for the partners is to construct a number of hydrogen production facilities that can serve a range of different market by utilizing excess hydropower across Norway.
The agreement covers large-scale centralised hydrogen production facilities, as well as smaller facilities based on renewable hydro, wind, wave and tidal, and solar power.
Jon André Løkke, CEO of NEL, said: “Under this agreement, the partners will work together to develop new hydrogen projects, where NEL will deliver its leading electrolyser technology, in addition to service and maintenance. Greenstat will become the owner and operator, and supply green hydrogen to the end-customer.”
Vegard Frihammer from Greenstat added: “The partnership is an example on how existing, well proven technology can be a key driver in the development of new green business models. By reducing the technological and operational risk we can cooperate to provide the end customers with safe, reliable and low-cost green hydrogen.”