Nel ASA partnered with Hy Stor Energy on the Mississippi Clean Hydrogen Hub (MCHH) and receives a capacity reservation for more than 1 gigawatt of alkaline electrolysers. As Hy Stor Energy?s exclusive electrolyser partner for phase one of the MCHH, Nel will provide alkaline and PEM technology at scale and contribute with its hydrogen expertise and experience. The parties signed a Front-End Engineering Design (FEED) contract in December, and Hy Stor Energy has entered into a capacity reservation agreement with Nel to secure more than 1 gigawatt of alkaline electrolyser capacity for the project.

Pending final investment decision, electrode production at Nel?s plant at Herøya, Norway is expected to run through 2025, 2026, and the first part of 2027. In line with Nel?s accounting standards, the capacity reservation will not be considered as order intake or backlog until a firm purchase order has been received.