Nel signs US fuelling station deal
Firm will start sourcing long-lead items for 16 hydrogen stations for US energy company
Hydrogen technology firm Nel has signed a capacity reservation agreement with an undisclosed US energy company for the delivery of 16 hydrogen fuelling stations to be deployed in the US. Nel will now reserve capacity at its factory and start sourcing long-lead items for the contract. The manufacturing of the equipment at Nel’s factory in Denmark will begin when a final purchase order—estimated to be worth c.$17mn—is signed. “We look forward to providing our hydrogen fuelling equipment to this important client and contributing to the deployment of hydrogen fuelling infrastructure in the US,” says Robert Borin, senior vice-president of Nel’s fuelling division. $17mn – Value of contract
Also in this section
17 January 2025
Bank’s UK arm signs first deal to finance a green hydrogen developer, but cost and offtake pressures mean the sector remains too risky for many lenders
15 January 2025
The country’s technology-neutral position and competitive business environment mean it is looking to be surfing the second wave of the energy transition while others are still grappling with the first
14 January 2025
With abundant wind and sunshine, Africa is poised to lead in green hydrogen production. Yet high costs and financing challenges require global partnerships to unlock the continent's potential
14 January 2025
The continent’s largest economy sees an opportunity to join the global export market, but funding gap and lack of regulatory framework present challenges