90 million in U.S. funding for hydrogen innovation at Nel ASA
Nel and its partners receive $90 million from the DoE for seven R&D projects. A major step forward for hydrogen.
| Countries | Norvège |
|---|---|
| Companies | Nel, General Motors |
| Sector | Énergie Hydrogène, Électrolyse |
| Theme | Investissements & Transactions, Financement, Développement de projets |
Norwegian hydrogen company Nel ASA announces funding of almost 90 million USD from the US Department of Energy (DoE). This targeted financial assistance will support seven research and development projects crucial to the future of the hydrogen industry. Nel will lead one of these projects, affirming the importance of this collaboration in accelerating innovation. “We are grateful for this support from the DoE, which will boost our R&D,” says Kathy Ayers, Vice President of R&D at Nel.
Flagship projects and collaborations
Among the projects funded, Nel is a leader in key areas. At a time when electrolyzer projects are on the increase worldwide, the Norwegian company is working on improving AEM electrolyzers, as well as on the design of transport layers and the development of sustainably economical components. These initiatives are aimed at reducing the costs and increasing the efficiency of hydrogen technologies, fundamental aspects in making green hydrogen available on a wider scale. “The energy transition gets a boost from these projects,” adds Ayers.
A new production site in Michigan
Michigan stands out as a major player in this initiative, with a combined contribution of 75 million USD in incentives and subsidies for Nel’s future electrolyser plant. Håkon Volldal, President and CEO of Nel, emphasizes the importance of this collaboration for the establishment of the plant, which promises to create green jobs and make a significant contribution to the energy transition.
Impact and workforce development
The DoE investment, in partnership with General Motors and educational institutions, is aimed at increasing domestic electrolyser production capacity and developing an industrial training program. This support is complemented by direct investment from the State of Michigan, underlining the company’s commitment to leading the transition to clean energy. “This investment is creating more than 500 high-paying technical jobs,” says Governor Whitmer.
The financial commitment of the DoE and the State of Michigan to Nel underlines the conviction in the potential of hydrogen as a pillar of the energy transition. This collaboration marks a turning point for the hydrogen industry, highlighting the crucial role of innovation and government support in achieving future energy goals.
