The contract also includes front-end engineering and design (FEED) study related to the deliveries.
This contract is for alkaline electrolyser equipment and related FEED, and includes pass-through mechanisms for steel and nickel price adjustments. Production of electrodes is estimated to be completed by end-2023.
The A Series features a cell stack power consumption of 3.8 kWh/Nm3 of hydrogen gas produced, up to 2.2 MW per stack. A Series electrolysers can produce up to 3,880 Nm3/h of hydrogen or just over 8 tonnes per day.
Nel ASA reported revenues of NOK183 million in the third quarter of 2022, down from NOK229 million in the corresponding quarter in 2021.
It signed a NOK600 million contact with Woodside Energy, its first hydrogen project in the US, and received US$6 million in funding from US Department of Defence for accelerating advanced PEM electrolyser stack development.
Subsidiary Nel Hydrogen US received a contract for a containerised PEM electrolyser from LanzaJet, which develops biofuel technology in the United States, in September.