Norway: Collaboration Agreement Nel Partners with Kværner for Green Hydrogen Projects
The collaboration agreement includes the standardisation of solutions for large scale hydrogen production plants. Nel and Kværner will jointly develop a standardised 20 megawatt H2 production module along with a design for large (100 megawatt+) modules for major scale plants.
Norway – Nel and Kværner have entered into a strategic collaboration agreement. The companies will collaborate on specific green hydrogen projects and standardisation of solutions for large scale hydrogen production plants.
In the agreement, the companies have identified a range of projects on which it will collaborate on, moving forward. Work has already been initiated in order to jointly develop a standardised 20 megawatt H2 production module, and will proceed to include a standardised design for large (100 megawatt+) modules to cater to anticipated demand for major scale plants.
“We’re happy to enter into this collaboration agreement with Kvaerner as they have extensive experience from large projects all over the world. As we see projects growing in size and complexity, it’s important to have a strong partner such as Kvaerner, both for standardising large scale green hydrogen production facilities, and also building them. We look forward to working together with Kvaerner and expect to see results from this collaboration in the near future”, says Jon André Løkke, CEO of Nel.
Nel is a global, dedicated hydrogen company, delivering optimal solutions to produce, store and distribute hydrogen from renewable energy.
“This is a long term commitment, and Kvaerner is excited to collaborate with a partner like Nel. Our goal is to further strengthen our competitiveness through leveraging each other’s competencies and experience, and ensure the most efficient and predictable project deliveries for our customers”, says Karl-Petter Løken, President and CEO of Kvaerner.
Kvaerner has over decades delivered demanding projects such as offshore oil and gas platforms and onshore process facilities to oil companies and customers in the process industry.
The new partnership with Nel is in line with Kvaerner’s strategy to grow the business within renewable and green solutions. It is expected that renewables will gradually count for one third of Kvaerner’s total revenues in the coming years.
“This is an important collaboration as it opens up new areas of business for Kvaerner, and increases our competitive force in the renewables market”, Løken concludes.