Nel ASA: Enters into Exclusive Partnership with Nikola – Awarded Initial Purchase Order for Two Demo Stations
Nel ASA (Nel, OSE:NEL) has received a purchase order from Nikola Motor Company (Nikola Motor) for two demo refueling stations to provide hydrogen to Nikola’s fleet of prototype hydrogen trucks. The purchase order is the initial part of an exclusive partnership aiming at developing low-cost renewable hydrogen production and fueling sites for the potential development of 16 large-scale sites with a capacity up to 32 tons of hydrogen per day.
“We are excited to announce our partnership with Nikola for a joint endeavor to develop mega-scale hydrogen fueling stations based on our new cluster design, which leverages Nel’s highly scalable electrolyzers in order to reduce the cost of hydrogen and achieve price parity with fossil fuels. Our initial two demo stations will provide one ton of hydrogen to Nikola Motor’s prototype trucks and serve as design verification for Nel’s mega-scale concept. This solution will be jointly developed and scaled into the world’s most efficient network of low-cost hydrogen production and fueling sites,” says Jon André Løkke, Chief Executive Officer of Nel.
Nikola Motor has entered into an agreement with Nel to work exclusively on all hydrogen stations involving electrolysis. The initial part of the partnership includes building two demo-stations for hydrogen fueling, which will serve the Nikola test fleet that will begin rolling out next year. For the following mega-stations, Nel will incorporate its clustering concept, where eight Nel A-485 electrolysers are integrated into one unit, to achieve lower CapEx levels.
“We are building the world’s largest hydrogen network. Nel´s electrolyzers are well proven, and known in the industry for being very efficient and reliable, making them a natural backbone for the development of our mega-stations. We are beyond excited to work with the Nel team to deploy this groundbreaking technology as quickly as possible across the US,” says Trevor Milton, Chief Executive Officer of Nikola Motor.
Nikola has an initial target to build 16 of the mega-scale hydrogen stations between 2019-2021, with a minimum of eight units of the Nel A-485 electrolyzer per site. The solution is scalable to a maximum of 32 units of the Nel A-485 electrolyzer per site, equaling a production capacity of up to 32 tons of hydrogen per day.
The initial purchase order has a value of USD 3.6 million and delivery of the demo stations is intended to start in the second half of 2018.
For more information about the project click here .
For further information:
Jon André Løkke, CEO, +47 907 44 949
Bjørn Simonsen, +47 971 79 821
VP Market Development and Public Relations
Christopher Van Name, +1-203-678-2132
Director of Corporate Marketing
Colleen Robar, 313-207-5960
Information om Business Wire
101 California Street, 20th Floor
CA 94111 San Francisco
Følg pressemeddelelser fra Business Wire
Skriv dig op her og modtag pressemeddelelser på mail. Indtast din mail, klik på abonner og følg instruktionerne i den udsendte mail.
Flere pressemeddelelser fra Business Wire
MUNDIPHARMA16.10.2018 15:17 | pressemeddelelse
New Guidance From ADA and EASD Recommends Use of Sodium-Glucose Co-Transporter-2 (SGLT2) Inhibitors and Glucagon-Like Peptide-1 (GLP-1) Receptor Agonists for Patients with Type 2 Diabetes
GA-BRIGHTREE16.10.2018 15:07 | pressemeddelelse
Brightree Launches First Patient App for HME
KYMCO16.10.2018 14:42 | pressemeddelelse
KYMCO Announces Entry Into India With Ionex
FL-POTNETWORK-HOLDINGS16.10.2018 14:02 | pressemeddelelse
PotNetwork Holdings, Inc. Releases PCAOB Fully Audited and Reviewed Financial Statements under Its Registration as an SEC Reporting Company
OR-FLIR-SYSTEMS16.10.2018 14:02 | pressemeddelelse
FLIR Systems Awarded US Coast Guard Contract with Value of $9.9M to Support Encrypted Automatic Identification Systems
GA-AGCO16.10.2018 14:02 | pressemeddelelse
AGCO Chairman, President and Chief Executive Officer Martin Richenhagen Receives the French Government's Prestigious Legion of Honor
I vores nyhedsrum kan du læse alle vores pressemeddelelser, tilgå materiale i form af billeder og dokumenter, og finde vores kontaktoplysninger.Besøg vores nyhedsrum