Published by Todd Bush on October 7, 2024
OSLO, Norway, Oct. 2, 2024 /PRNewswire/ -- Nel ASA (OSE: NEL), in partnership with Saipem, has unveiled IVHY™ 100, a scalable and modular 100 MW green hydrogen solution leveraging Nel's technology, advancing the decarbonization of hard-to-abate industries and renewable hydrogen production. This innovation marks a significant advancement in renewable hydrogen generation, designed to meet the growing demand for sustainable energy solutions.
>> In Other News: C-Crete Technologies Receives $10.4M in Grants From California Energy Commission and U.S. Department of Energy to Scale Up its CO2-Free Concrete Products
The IVHY™ 100 system has been developed to be scalable and modular, facilitating the installation and commissioning of large-scale hydrogen systems. Powered by Nel's alkaline electrolysers, which have been tested and proven in the market for decades, the solution offers robustness, durability, and energy efficiency, making it ideal for businesses seeking to optimize operations and reduce total costs of ownership.
The project is part of a collaboration between the two companies, with Nel providing its alkaline and PEM electrolyser technology and technical services, while Saipem, as the EPC contractor, is responsible for the design, procurement, and construction of the overall green hydrogen facilities. This partnership underscores the potential of renewable hydrogen to decarbonize industries while fostering sustainable growth.
"The IVHY™ 100 concept represents a significant step forward to promote innovative and sustainable solutions in the field of renewable hydrogen. Indeed, we aim to meet the increasing demand to reduce carbon emissions in challenging industries by utilizing renewable hydrogen. In addition, we focus on creating hydrogen derivatives like ammonia, methanol, and sustainable fuels," said Guido d'Aloisio, Chief Commercial Officer of Saipem.
"We are proud that Saipem, a world-leading Engineering Procurement and Construction company actively contributing to the energy transition, has selected Nel and our technology. With this solution, we are simplifying large-scale renewable hydrogen production," said Håkon Volldal, President and CEO of Nel.
The IVHY™ 100 concept is currently on display at Saipem's booth during the World Hydrogen Week in Copenhagen, from 30 September to 4 October.
Nel ASA traces its history back to 1927 and is now a leading pure play hydrogen technology company with a global presence. Specializing in Alkaline and PEM electrolyser technology, Nel enables the production of renewable hydrogen, making it possible to decarbonize industries such as transportation, refining, steel, and ammonia.
Saipem is a global leader in engineering and construction for the energy and infrastructure sectors, both offshore and onshore. With a commitment to supporting the energy transition pathway towards Net Zero, Saipem leverages technological innovation to deliver sustainable solutions. Present in over 50 countries, the company employs about 30,000 people of more than 120 nationalities.
SOURCE NEL ASA
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 🏗️ Hyundai Unveils $6B Hydrogen-Powered Steel Mill in Louisiana, Aims to Position State as National Energy Leader 🤝 Deep Sky Inks Next DAC Deal in Germany with Greenlyte Carbon T...
Inside This Issue 🍁 Inside Canada’s Quiet Takeover of the Carbon Capture Industry ✈️ Phillips 66 to Supply SAF to British Airways in Calif 💧 HyVera Distributed Energy Launches Green Hydrogen-On-De...
Inside This Issue 🌍 1PointFive Announces 50,000 Metric Ton Carbon Removal Agreement with JPMorganChase 📊 Carbon Direct Unveils First Empirical Baseline on Carbon Dioxide Removal and Environmental ...
Approval in Principle (AiP) for World's First LCO₂ / Methanol Carrier
Tokyo, June 30, 2025 - Mitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industries (MHI) Group, and Mitsui O.S.K. Lines, Ltd. (MOL) have acquired Approval in Principle (AiP)(Note1) fro...
KAIST AI Advances CO₂-Selective Material Discovery
_Korea Advanced Institute of Science and Technology_In order to help prevent the climate crisis, actively reducing already-emitted CO₂ is essential. Accordingly, direct air capture (DAC) — a techno...
Arca’s Carbon Removal Methodology Successfully Validated by DNV
Arca, a leader in carbon mineralization technology, has announced the successful validation by DNV, the independent energy expert and assurance provider, of its innovative methodology for permanent...
Massive Investment in Ascension Parish Targets Green Steel, Job Growth, and Hydrogen Infrastructure ASCENSION PARISH, La. — Hyundai has announced plans to invest $6 billion in a cutting-edge, hydr...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.