Nel Hydrogen Secures Over USD 50 Million Order for 40 MW PEM Electrolyzers from HYDS Projects in Norway

Representational image. Credit: Canva

Nel Hydrogen US, a subsidiary of Nel ASA, has received a firm purchase order from Kaupanes Hydrogen AS and HyFuel AS in Norway, both developed by Hydrogen Solutions AS (HYDS) in partnership with local co-owners. Each project will feature a 20 MW capacity based on Nel’s MC 500 containerized PEM electrolyzer systems, totaling 40 MW. Valued at over USD 50 million, the order marks Nel’s largest ever for PEM equipment and its second-largest firm purchase order overall.

The HyFuel project, owned by HYDS, Sogn og Fjordane Energi AS, and Fjord Base Holding AS, will be located at the offshore supply base in Florø, Kinn municipality. It has received NOK 180 million in funding from Enova. The Kaupanes project, owned by HYDS, Dalane Energi AS, and Eigersund Næring og Havn KF, will be built at the Kaupanes industrial area in Eigersund municipality and has been awarded NOK 206 million in Enova support.

HYDS, headquartered in Leirvik, Stord, specializes in the development, ownership, and operation of green hydrogen production facilities powered by renewable energy. “We are very pleased to reach this decision and look forward to working with Nel as a key supplier on these two projects. This represents an important step in advancing the green hydrogen market in Norway and the Nordics” said HYDS CEO Frode Kirkedam.

“We are excited to sign these contracts. HYDS is an experienced developer, and we look forward to working closely with them on these two important projects in our home country of Norway,” added Nel’s President and CEO, Håkon Volldal


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