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OZZY1
21.01.2021 kl 07:39 1652

21.1.2021, 07:00 · Cision
NEL ASA: Nel CMD 2021: Launches 1.5 USD/kg target for green renewable hydrogen to outcompete fossil alternatives
(Oslo, 21 January 2021) Nel ASA (Nel, OSE:NEL) today hosts the Nel Capital Markets Day 2021, outlining the target of producing green hydrogen at USD 1.5 per kilo* by 2025, to outcompete fossil alternatives. Cost reductions through scale-up of production to multi-GW scale, growing the organization to add capacities and capabilities, and investing in technology for the near- and long-term are crucial components in ensuring that Nel continues to be the global leader in the hydrogen industry.
"Green renewable hydrogen is set to outcompete fossil alternatives, and Nel is placed in the centre of this transition. We're today launching our target which should enable our customers in certain markets to produce green renewable hydrogen from a large-scale Nel facility at 1.5 USD/kg from low cost renewable power, already within 2025. Achieving this would allow green hydrogen to start to reach fossil parity, representing one of the most significant achievement for zero-emission solutions and a carbon neutral planet," says Jon André Løkke, Chief Executive Officer of Nel.

Nel's Capital Markets Day 2021 (CMD) outlines the strategy and ambitions towards 2025, addressing the current hydrogen market of 70 million tons, which, by the Hydrogen Council, is expected to grow by 8-times by 2050, largely based on green hydrogen.
Redigert 21.01.2021 kl 08:51

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