Nel, Statkraft plan green hydrogen value chain in Norway

Nel ASA (OSE:NEL) today unveiled that Statkraft AS is the company that recently placed an order for 40 MW of alkaline electrolysers while also announcing that the two will work together to establish a green hydrogen value chain in Norway.

The news comes as German vice-chancellor Robert Habeck is visiting Nel's Heroya factory in a delegation with Norwegian trade minister Jan Christian Vestre and energy minister Terje Lien Aasland. The equipment purchased by Statkraft will be manufactured at that same facility.

Do you know we have a daily hydrogen newsletter? Subscribe here for free!

"This is an important step in the right direction to achieve our ambitions to build a coherent value chain for hydrogen and facilitate the production of hydrogen with no or low emissions to cover the national demand for hydrogen,” commented minister Aasland.

"The contract with Nel is the first important step in materialising our ambitious target of 2 GW of green hydrogen and securing production capacity for our diverse pipeline of hydrogen projects," in turn added Christian Rynning-Tonnesen, CEO of Statkraft.

Earlier today, Nel also announced a cooperation with German green energy firm HH2E AG.