Nel ASA: Receives Purchase Order from Nikola

By June 4, 2020 2   min read  (314 words)

June 4, 2020 |

NEL Purchase Order from Nikola

Oslo–Nel Hydrogen Inc., a wholly owned subsidiary of Nel ASA (Nel, OSE:NEL), has received a purchase order from Nikola Corporation (Nikola), a global leader in zero-emissions transportation and infrastructure solutions, for 85 megawatt alkaline electrolysers related to the deployment of the world’s first 8 ton/day hydrogen fueling stations. 

“We’re very excited to have reached this landmark milestone with Nikola. Since our partnership began in 2017, we have been working together to develop a massive large-scale hydrogen fueling station. It’s been amazing to see the significant progress made by the Nikola team specific to vehicle development and the station design, and now we are ready to start building,” says Jon André Løkke, chief executive officer of Nel.

“We are building the largest hydrogen network in the world and I couldn’t be prouder to have Nel part of it,” said Trevor Milton, Nikola Corporation’s founder and executive chairman. “These electrolysers will support five heavy-duty hydrogen stations which will cover multiple states and trucking routes in the USA. The future of clean transportation is here, and fleets are lining up to be part of the transition with Nikola.”

The purchase order has a value in excess of USD $30 million, and the electrolysers will primarily be delivered from the new electrolyser mega-factory currently under development in Norway. This purchase order will support Nikola’s five initial stations with 8 ton per day hydrogen production capacity. The remaining equipment will be covered by a separate purchase order that is expected to be finalized within the coming months.

“The framework agreement was one of the key triggers for deciding to develop our alkaline electrolyser mega-factory in Norway, and has enabled Nikola to reserve capacity in the new plant,” Løkke concludes.

The purchase order is subject to final approval by Nel.

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