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

OSLO, Norway, Oct. 2, 2024 /PRNewswire/ -- Nel ASA (OSE: NEL), through its EPC partner Saipem, unveils 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 innovative renewable hydrogen generation solution is designed and industrialized to be scalable and modular, enabling the installation and commissioning of large-scale systems with ease.

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IVHY™ 100 is powered by Nel's alkaline electrolysers, which have been tested in the market for decades, demonstrating world-class robustness, durability, and energy efficiency. This makes it an ideal choice for businesses seeking to optimize their operations and total cost of ownership.

The project is part of a collaboration between the two companies, where Nel, as the technology provider, will offer its alkaline and PEM electrolyser technology, alongside ancillary technical services. Saipem, as the engineering service provider and EPC contractor, will be responsible for the basic design, detailed engineering, procurement, and construction of the overall green hydrogen facilities.

"The IVHY™ 100 concept represents a significant step forward to promote innovative and sustainable solutions in the field of renewable hydrogen," says Guido d'Aloisio, Chief Commercial Officer of Saipem. "We aim to meet the increasing demand to reduce carbon emissions in challenging industries by utilizing renewable hydrogen and creating hydrogen derivatives like ammonia, methanol, and sustainable fuels."

"We are proud that Saipem, a world-leading Engineering Procurement and Construction company, has selected Nel and our technology," says Håkon Volldal, President and CEO of Nel. "With this solution, we are simplifying large-scale renewable hydrogen production."

The IVHY™ 100 concept is displayed at Saipem's booth at the World Hydrogen Week in Copenhagen from 30 September to 4 October.

About Nel ASA

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 Alkaline and PEM electrolyser technology for the production of renewable hydrogen. 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.

About Saipem

Saipem is a global leader in the engineering and construction of major projects for the energy and infrastructure sectors, both offshore and onshore. The company is organized into business lines focusing on Asset-Based Services, Drilling, Energy Carriers, Offshore Wind, Sustainable Infrastructures, Robotics, and Industrialized Solutions. Listed on the Milan Stock Exchange, Saipem operates in over 50 countries and employs about 30,000 people of over 120 nationalities.

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SOURCE: Nel ASA