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Nel Hydrogen Electrolyser AS and a North European energy company have signed a NOK120 million (US$11.9 million) contract for alkaline electrolyzer equipment. Additionally, the contract includes a front-end engineering and design (FEED) study for the delivery.
The transaction terms involve pass-through procedures for adjusting the prices of steel and nickel. The production of electrodes is anticipated to conclude by the end of 2023.
Nel, based in Oslo, Norway, is a global company providing solutions for the production, storage, and distribution of hydrogen from renewable energy sources.
