Nel Hydrogen is a leading global provider of hydrogen solutions, with a strong presence in the green hydrogen market. The company is known for its expertise in electrolysis technology. The company has been actively involved in various partnerships and initiatives to further promote the adoption of green hydrogen. Moreover, Nel Hydrogen appears to be well-positioned in the green hydrogen market and continues to drive innovation and collaboration to accelerate the transition to a sustainable hydrogen economy.

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Recent Partnerships:

·        In January 2024, Nel Hydrogen signed contract for 10 MW of alkaline electrolyzer equipment for about EUR 5 million with Samsung C&T Corporation Engineering & Construction Group (Samsung C&T) for its first off-grid green hydrogen production project to be deployed in South Korea.

·        In January 2023, Nel hydrogen and Statkraft signed a contract for delivery of 40 MW of electrolyser equipment with aim to create a strong value chain for production of green hydrogen in Norway. In Norway Statkraft will strengthen its efforts in developing new renewable power production as well as flexibility within hydropower and wind power both on- and offshore.

·        In July 2023, Nel Hydrogen came in partnership with Bondalti for 40 MW of alkaline electrolyser equipment for about EUR 11 million for its first phase of the H2 Enable project in Estarreja, Portugal.

Strategic Alliance:

Nel Hydrogen is working on building strategic alliances to promote green hydrogen production across the globe by partnering with key industry players, governments, and research institutions. These alliances help Nel Hydrogen access new markets, technology, and funding to accelerate the development and deployment of green hydrogen solutions. This collaboration also allows Nel Hydrogen to leverage collective expertise and resources to drive innovation and sustainable growth in the hydrogen sector.

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For example, In 2024, Nel ASA has realignment with Nikola and the partnership with Fortescue is to advance the adoption of electrolyser technology for hydrogen production. The collaboration with Fortescue underscores a shared commitment to developing innovative solutions for green energy production and storage.

In 2022, Nel Hydroge has entered into a joint development agreement with General Motors to help accelerate the industrialization of Nel’s proton exchange membrane (PEM) electrolyzer platform. By combining GM's extensive fuel cell expertise and Nel's deep knowledge of electrolyzers, the two companies aims to enable more cost competitive sources of renewable hydrogen

In 2020, Nel hydrogen has entered into strategic collaboration agreement with the global EPC company Kværner AS on specific green hydrogen projects and standardisation of solutions for large scale hydrogen production plants.

Conclusion

Nel is a global company providing solutions for the production, storage and distribution of hydrogen from renewable energy sources. According to the UnivDatos, various key players in the renewable sector are collaborating to reduce the price of electrolyzes which will eventually reduce the overall cost of green hydrogen production. As per their “Green Hydrogen Market” report, the global market is at a CAGR of 65.7% during the forecast period from 2023 - 2030 to reach USD 18,022.17 million by 2030.  

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