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Nel ASA Enters Into Framework Agreement With Aibel to Develop Green Hydrogen in Spain

By April 26, 2021 2   min read  (303 words)

April 26, 2021 |

NEL New Agreement

Oslo–Nel ASA (Nel, OSE:NEL) has entered into a framework agreement with the major energy service company Aibel. The companies will leverage their capabilities to develop and deliver large-scale, complex renewable hydrogen projects.

“We are very excited to be announcing this collaboration with Aibel, a company with vast experience in delivering large-scale, complex projects across industries. Their in-house construction expertise and experience in fabrication and modularization will add significant value to Nel’s global delivery and project execution abilities. This partnership is a long-term commitment, and we look forward to working with Aibel to further strengthen our competitiveness and deliver efficiently, cost-competitive and predictable projects to our customers” says Jon André Løkke, CEO of Nel ASA.

Aibel is a leading service company within the oil, gas and offshore wind industries, providing customers with engineering, construction, modifications, and maintenance solutions for offshore and onshore projects throughout the project’s entire life cycle. Aibel’s 4000 employees are located in Norway and South East Asia. Aibel operates yards in Haugesund and in Thailand, with complete prefabrication, modularization, and construction capabilities.

“The agreement with Nel marks an important milestone for Aibel and represents another strategic step in our ongoing business transformation towards renewable energy segments. Together with Nel, we foresee many new business opportunities in the fast-growing, green energy industry,” says Aibel’s President & CEO Mads Andersen.

The process of phasing in Aibel on select, ongoing projects is underway. Aibel will  work integrated with Nel for the delivery of  the 20 MW PEM hydrogen production plant to Iberdrola, announced 14 January 2021: Awarded Iberdrola contract for 20 MW green fertilizer project in Spain | Nel Hydrogen

More on NEL

Nel ASA and Wood To Develop Multiple Green Hydrogen Projects Across the Globe

Nel ASA: Receives Purchase Order from HTEC on Second H2Station™ Hydrogen Fueling Station in Canada

Source: NEL

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