Nel ASA: Saipem Presents Solution for Large-scale Green Hydrogen Production, Utilizing Nel's Technology

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.

About Nel ASA

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.

About Saipem

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