Published by Todd Bush on March 14, 2024
OSE-FILING
OSLO, Norway, March 13, 2024 /PRNewswire/ -- Nel, (OSE:NEL). Today, Nel and its partners received around 90 USD million from the Department of Energy (DoE) for seven research and development projects. Nel is the leading partner on one of the projects. About 10 % of the work under the R&D programs will be undertaken by Nel.
>> In Other News: McPhy Energy: McPhy Awarded a New Firm Contract in the Industrial Field for the Supply of a McLyzer 800 to AAK in Sweden
"We are thankful for the support from the Department of Energy, which will help accelerate our research and development while solving key challenges for the future of the hydrogen industry," says Nel's Vice President for Research and Development, Kathy Ayers.
DoE has awarded funding to the following projects in which Nel is one of the partners:
Low-Cost, Clean AEM Electrolysis through Transport Property Understanding, Manufacturing Scale-up, and Optimization of Electrodes and Their Interfaces (Nel in lead)
Advanced Porous Transport Layer Design and Manufacturing for PEM Electrolyzers
Durable, Low-Cost, Manufacturable AEM Electolyzer Components
Oxygen Evolution Reaction Catalyst Scale-Up and Validation for Proton Exchange Membrane Water Electrolyzers
Precious-Metal Free Coatings for PPG PTL Assemblies
High Performance non-PFSA Membranes for Next-Generation Proton Exchange Membrane (PEM) Electrolyzers
H2CIRC: Circular Recycling for the Hydrogen Economy
Link to the press release from the Department of Energy: https://www.energy.gov/eere/fuelcells/bipartisan-infrastructure-law-clean-hydrogen-electrolysis-manufacturing-and-0?source=email.
Nel has a history tracing back to 1927 and is today a leading pure play hydrogen technology company with a global presence. The company specializes in electrolyser technology for production of renewable hydrogen, and hydrogen fueling equipment for road-going vehicles. Nel's product offerings are key enablers for a green hydrogen economy, making it possible to decarbonize various industries such as transportation, refining, steel, and ammonia.
This information is subject to a duty of disclosure pursuant to Section 5-12 of the Norwegian Securities Trading Act. This information was issued as inside information pursuant to the EU Market Abuse Regulation, and was published by Kjell Christian Bjørnsen, Chief Financial Officer, at NEL ASA on the date and time provided.
This information was brought to you by Cision http://news.cision.com
SOURCE NEL ASA
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside the Issue 🌎 Global Leaders Converge in Edmonton September 23-25 for Carbon Capture Canada as Federal Government Expected to Boost Industrial Carbon Pricing in Fall 2025 ✈️ Delta Partners Wi...
Inside This Issue 📉 EPA Releases Proposal to End the Burdensome, Costly Greenhouse Gas Reporting Program, Saving up to $2.4 Billion 📊 California to Extend Cap-and-trade Program Aimed at Advancing ...
Inside this Issue ✈️ CORSIA Transforms Aviation Compliance Into Market Gold Rush 📉 IEA Cuts 2030 Low-emissions Hydrogen Production Outlook by Nearly a Quarter 🎤 GenH2 Executive Chairman Josh McMor...
More than 5,000 attendees are expected at Canada’s national Carbon Capture, Utilization and Storage (CCUS) convention to address industry opportunities in the sector from geopolitical advantage to ...
1PointFive and NYK Announce Carbon Removal Agreement
Second NYK transaction continues to build momentum for Direct Air Capture as a solution for the maritime sector HOUSTON, Sept. 17, 2025 (GLOBE NEWSWIRE) -- 1PointFive, a carbon capture, utilizatio...
Led by cornerstone investors Alaska Airlines, American Airlines, with International Airlines Group (IAG), Cathay Pacific, and Japan Airlines from oneworld alliance, and Singapore Airlines as part o...
Eaton to Showcase Technologies for Hydrogen-Powered Commercial Vehicles at IAA Transportation 2024
HANOVER, Germany--(BUSINESS WIRE)--Intelligent power management company Eaton announced it will showcase a broad range of innovative solutions for hydrogen-powered commercial vehicles September 17–...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.