Nel Hydrogen Electrolyser AS, a fully owned subsidiary of Nel ASA has been awarded a grant from the EU Innovation Fund of up to €135 million for industrialization of its next-generation pressurized alkaline technology. The technology is currently being prototyped, and the potential industrialization is planned at Herøya, Norway.

Nel has been developing its next-generation pressurized alkaline technology for more than five years. The technology is currently in the prototype stage with promising results. Nel has now been awarded a grant for a phased build-out of production at Herøya, Norway. The grant application was supported by Enova SF, the Norwegian national contact point for the EU Innovation Fund.

The initial build-out is planned for an annual capacity of 1-2 GW, utilizing existing space at Nel’s current facility in Herøya, Norway. The support will be phased with Nel’s own investments for up to 4 GW of capacity for pressurized electrolyzer equipment in Norway. A final investment decision to start building the capacity depends on achieving successful testing in the current prototype and planned pilot stage, as well as market acceptance of the new technology.