RE: NEL news from Capital markets day21 Jan 2021 08:42
"Herøya represents the first industrial-scale production of the most efficient
electrolysers on the market, at a game-changing low cost. The Nel team is
continuously working to drive down the cost of hydrogen, where scale-up is key,
and will continue to assess the exact timing for the next expansion step. A 2 GW
production capacity of electrolysers would represent a potential of four-to-five
million tons of CO2 reductions for our customers, or ten percent of the annual
CO2 emissions in Norway," says Jon André Løkke, and continues:
"Nel uniquely covers both PEM and alkaline technologies, each with their
respective advantages, and we will continue give them our full support and equal
priority. The technology roadmap highlights our priority on large
-scale products, continuous improvements, and lowest total cost of ownership for
our customers. The hydrogen industry will become increasingly competitive and
Nel therefore needs to continue to invest in organization, technology, and
equipment to remain in the forefront of the industry."
Price and ultra-fast fueling is key to outcompete diesel
Nel has delivered more than 110 hydrogen fueling stations (HRS), H2StationsT, in
13 different countries. The global HRS market is expected to grow by 30 percent
annually towards 2030, with 11,000 installed fueling stations, in addition to
solutions for fueling of private trailer parks, trains, ferries, etc.
"The only way to transform heavy-duty transportation is to beat diesel at the
pump. In addition to green hydrogen reaching fossil parity at production, we
have to enable fast fueling of hydrogen in a reliable and cost-efficient manner
to be able to beat fossil alternatives. Nel has a technology roadmap enabling
fueling in 10-15 minutes of a heavy duty truck to achieve a range of 1,000 km,
and we are in a good position to continue to lead the hydrogen fueling
industry," Jon André Løkke says.
Reiterates strong market outlook
Nel reiterates the confidence in the long-term potential for the industry,
supported by the "green recovery" outlined by various governmental initiatives.
The company aims to capitalize on the opportunities by leveraging on the
position as a technology front-runner, continued high focus on safety, global
presence, scalability, cost leadership, strong financing, and preferred-partner
status for industry participants.
"Large opportunities also represent major challenges for Nel going forward, as
maintaining a leadership position requires large investments, rapid expansion of
the organization, and execution of large-scale projects across the globe in an
increasingly competitive environment. In 2021 alone, we will add more than 100
new colleagues, deploy over 25% of the capital raised in 2020 in plant,
equipment, and technology development projects, and add more capacity as
required by the market. The Capital Markets Day will unveil how Nel will address
these challenges, as an emission-free fut
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