uksausage
2 years ago
Good numbers for Q1
https://www.marketscreener.com/quote/stock/NEL-ASA-1413121/news/Nel-ASA-First-quarter-2023-financial-results-43653675/
(April 27 - 2023, Oslo, Norway) Nel ASA (Nel, OSE:NEL) reported revenues of NOK
359 million in the first quarter of 2023, up 68% from NOK 213 million in the
same quarter of 2022. Order intake was NOK 580 million, up 105% year-on-year,
positively impacted by purchase orders from HH2E (EUR 34 million) and HyCC (EUR
12 million). At the end of the first quarter, the order backlog was NOK 2 913
million, up 126% from Q1 2022. The cash balance was NOK 4 621 million at quarter
end.
Quarterly highlights
· Nel reported revenue and operating income in the first quarter of 2023 of
NOK 359 million, up 68% from the first quarter of 2022 (Q1 2022: 213). All
segments, Fueling, PEM electrolysers and alkaline electrolysers experienced
strong growth compared to the same quarter last year.
· Order intake in the quarter amounted to NOK 580 million (96% from
electrolyser), up 105% from the same quarter last year (Q1 2022: 283).
· At quarter end, Nel had a record high order backlog of NOK 2 913 million
(88% related to electrolyser), up 126% from the first quarter of 2022 and up 12%
compared to the previous quarter.
· EBITDA of NOK -121 million (Q1 2022: -152) driven by high losses in Fueling,
low margins on electrolyser projects signed in 2020/2021, and increased
personnel expenses to prepare for large-scale projects.
· Net loss of NOK -192 million (Q1 2022: 84), mainly related to loss from
operations and a net negative unrealized fair value adjustment from
shareholdings of NOK -76 million. The same quarter last year had a positive
unrealized fair value adjustment from shareholdings of NOK 270 million.
· Cash balance of NOK 4 621 million (Q1 2022: 3 940) following a successful
private placement during the quarter which raised NOK 1 609 million in gross
proceeds.
Televet
2 years ago
Nel ASA's subsidiary inks capacity reservation pact for 16 hydrogen fueling stations
Dec. 21, 2022 4:00 AM ETNel ASA (NLLSY), NLLSFBy: Meghavi Singh, SA News Editor1 Comment
Nel Hydrogen Inc., a subsidiary of Nel ASA (OTCPK:NLLSF) has signed a capacity reservation pact with an undisclosed US energy company, for the delivery of 16 hydrogen fueling stations to be deployed in the US.
The manufacturing of the equipment at Nel's factory in Herning, Denmark, will commence when a final purchase order is signed.
The value of the CRA is about $7M and is paid upon signature.
The final purchase order (including the CRA fee) is estimated to be about $17M, whereas a final pact is expected to be made in H1 2023.
Delivery of the fueling equipment is scheduled to commence in Q4 2023 and run throughout 2024.
srm4u
2 years ago
Nel has entered into a joint development agreement with General Motors to help accelerate the industrialization of Nel’s proton exchange membrane (PEM) electrolyser platform.
Global leaders united
“General Motors is one of the global leaders in hydrogen fuel cell propulsion with more than 50 years of experience. We believe this collaboration will give us a competitive advantage in industrializing the production of our PEM electrolysers and further improving the efficiency of our technology,” said Nel’s CEO, Håkon Volldal.
“Adding Nel as a strategic collaborator is an important step to help us commercialize fuel cell technology. Electrolysis is key to creating consistent, clean sources of hydrogen to power fuel cells,” said Charles Freese, GM executive director, Global HYDROTEC. “Nel has some of the most promising electrolyser technology to help develop clean hydrogen infrastructure, and we believe our HYDROTEC fuel cell IP can help them get closer to scale.”
https://nelhydrogen.com/articles/in-depth/nel-and-gm-collaborate-on-cost-competitive-renewable-hydrogen-production/
uksausage
2 years ago
Record order (from Nikola?)
https://www.deraktionaer.de/artikel/mobilitaet-oel-energie/nel-rekordauftrag-20253350.html
translated by Google
The Norwegian hydrogen company Nel has invested heavily in expanding its capacities in recent years. Gradually, the strategy seems to be paying off: On Monday, the company can announce a record order for alkaline electrolysers over 200 megawatts from a long-standing US customer. A liberation for the share.
Specifically, Nel is to deliver electrolyser stacks, which is a firm order worth over 45 million euros. Production and delivery is scheduled to take place between February 2023 and mid-2024. Subject to an ongoing technical study, Nel may also have the option to supply additional equipment for the project, it said.
"We are very pleased to announce Nel's largest order to date. This project will demonstrate Nel's delivery and execution capabilities on a large scale and will be a valuable reference for future large orders," said new Nel boss Håkon full dal. "It will have a significant, positive impact on Nel's finances, electrolyser product and production costs, technology development and scale-up plans."
Investors reward the major order with a price increase of ten percent. As a result, the chart image brightens up significantly for the hydrogen value. In the euro listing, the paper is scratching the 200-day line – a sustained leap above it would be another positive signal.
Nel (WKN: A0B733)
DER AKTIONÄR has repeatedly emphasized in recent months that Nel must finally land larger orders in order to justify a billion-euro valuation in the long term. The record order is a step in the right direction – the title is up three percent in early trading. The hydrogen share is still only suitable for risk-conscious investors. Before entering the market, however, further positive chart impulses should be awaited.
Televet
3 years ago
Nel ASA: Third quarter 2021 financial results
Oct. 21, 2021 1:21 AM ETNel ASA (NLLSY)
Nel ASA: Third quarter 2021 financial results Oct. 21, 2021 1:21 AM ETNel ASA (NLLSY)
"OSLO, Norway, Oct. 21, 2021 /PRNewswire/ -- Nel ASA (Nel) reported all-time high revenues of NOK 229.3 million in the third quarter of 2021, up 55% from NOK 147.7 million in the same quarter of 2020 and an EBITDA of negative NOK 113 million (Q3 2020: -42.1) incl. one-offs and ramp-up cost. This includes costs relating to the ramp-up at the new Herøya facility, which will commence production for Nikola and Everfuel in the fourth quarter. The order backlog ended at NOK 1 014 million, up 8% from same quarter last year. The potential pipeline of orders continues to grow, currently amounting to more than USD 6 billion and Nel reiterates the strong long-term outlook and growth prospects for the sector."
srm4u
3 years ago
Fuel Cells Works
@fuelcellsworks
Nel Hydrogen Receives Contract for a 1.25 MW Containerized PEM #Electrolyzer for DOE H2@Scale Project in the US--For installation at a #nuclear power plant in the US, a groundbreaking project for #carbonfree #hydrogen production--https://bit.ly/3xFAvaW #HydrogenNow #decarbonise
Nel ASA Receives Contract For A 1.25 MW Containerized PEM Electrolyzer For DOE H2@Scale Project In...
OSLO, Norway -- Nel Hydrogen US, a subsidiary of Nel ASA (Nel, OSE:NEL), has received a contract for a 1.25 megawatt (MW) containerized PEM electrolyzer from
fuelcellsworks.com
10:07 AM · Aug 11, 2021·Hootsuite Inc.
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https://twitter.com/fuelcellsworks/status/1425488985590226953
https://fuelcellsworks.com/news/nel-asa-receives-contract-for-a-1-25-mw-containerized-pem-electrolyzer-for-doe-h2scale-project-in-the-us/
srm4u
3 years ago
Hydrogen Production and Uses
(Updated September 2020)
Hydrogen directly from nuclear heat
Several direct thermochemical processes are being developed for producing hydrogen from water. For economic production, high temperatures are required to ensure rapid throughput and high conversion efficiencies. They essentially do not use electricity.
In each of the leading thermochemical processes the high-temperature (800-1000°C), low-pressure endothermic (heat absorbing) decomposition of sulfuric acid produces oxygen and sulfur dioxide:
2H2SO4 ? 2H2O + 2SO2 + O2
There are then several possibilities. In the iodine-sulfur (IS) process invented by General Atomics in the 1970s, iodine combines with the SO2 and water to produce hydrogen iodide. This is the Bunsen reaction and is exothermic, occurring at low temperature (120°C):
I2 + SO2 + 2H2O ? 2HI + H2SO4
The HI then dissasociates to hydrogen and iodine at about 350-450°C, endothermically:
2HI ? H2 + I2
This can deliver hydrogen at high pressure.
Combining all this, the net reaction is then:
2H2O ? 2H2 + O2
All the reagents other than water are recycled, there are no effluents, hence it may be called the sulfur-iodine cycle, with zero-carbon hydrogen and oxygen byproducts.
In February 2010 the Japan Atomic Energy Agency (JAEA) set up the HTGR Hydrogen and Heat Application Research Centre at Oarai to progress operational technology for an IS plant to make hydrogen thermochemically. It has demonstrated laboratory-scale and bench-scale hydrogen production with the IS process, up to 30 litres/h. In parallel with JAEA’s HTTR developments a pilot plant test project producing hydrogen at 30 m3/h from helium heated with 400 kW tested the engineering feasibility of the IS process. An IS plant producing 1000 m3/h (90 kg/h, 2t/day) of hydrogen was to be linked to the HTTR to confirm the performance of an integrated production system, envisaged for the 2020s. In 2014 hydrogen production at up to 20 L/h was demonstrated. In January 2019 it used the HTTR to produce hydrogen using the iodine-sulfur process over 150 hours of continuous operation. JAEA aims to produce hydrogen at less than $3/kg by about 2030 with very high temperature reactors.
The US Nuclear Energy Research Initiative (NERI) launched in 1999 was refocused in 2004 to include the Nuclear Hydrogen Initiative (NHI), allied to the Next Generation Nuclear Plant (NGNP) programme established in 2005. NGNP envisaged construction and operation of a prototype high-temperature gas-cooled reactor (HTR) and associated electricity or hydrogen production facilities by 2021, but funding was cut back under the Obama administration and prelicensing activities were suspended in 2013.
Under an International NERI agreement, Sandia National Laboratories in the USA and the French CEA with General Atomics in the USA were also developing the IS process with a view to using high-temperature reactors for it. They had built and operated a laboratory-scale loop for thermochemical water-splitting.
South Korea has also demonstrated thermochemical water-splitting at laboratory scale, supported by General Atomics. In December 2008, the ROK Atomic Energy Commission officially approved nuclear hydrogen development as a national programme, with the development of key and basic technologies through 2017 and the goal of demonstrating nuclear hydrogen production using the S-I process and a very high-temperature reactor (VHTR) by 2026.
The economics of hydrogen production depend on the efficiency of the method used. The IS cycle coupled to a modular high temperature reactor is expected to produce hydrogen at about $2.00/kg. The oxygen byproduct also has value. General Atomics earlier projected $1.53/kg based on a 2400 MWt HTR operating at 850°C with 42% overall efficiency, and $1.42/kg at 950°C and 52% efficiency (both 10.5% discount rate). Such a plant could produce 800 tonnes of hydrogen per day.
For thermochemical processes an overall efficiency of greater than 50% is projected.
https://www.world-nuclear.org/information-library/energy-and-the-environment/hydrogen-production-and-uses.aspx
https://www.iaea.org/topics/non-electric-applications/nuclear-hydrogen-production
Quote:
With a capacity of nearly 30 tons of hydrogen per day, the plant will be able to fuel 35,000 fuel-cell electric vehicles, per the release. California is expected to have 40,000 FCEVs by 2022, per Air Liquide. Additionally, the plant will “support other fuel cell vehicle and transportation markets in the region, such as material handling and forklifts and heavy duty trucks,” per the release.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=158685551
Quote:
The economics of hydrogen production depend on the efficiency of the method used. The IS cycle coupled to a modular high temperature reactor is expected to produce hydrogen at about $2.00/kg. The oxygen byproduct also has value. General Atomics earlier projected $1.53/kg based on a 2400 MWt HTR operating at 850°C with 42% overall efficiency, and $1.42/kg at 950°C and 52% efficiency (both 10.5% discount rate). Such a plant could produce 800 tonnes of hydrogen per day.
For thermochemical processes an overall efficiency of greater than 50% is projected.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=158692587
at 800 tonnes/day or 881.85 tons that would be able to fuel 1028825 fuel-cell electric vehicles, per/day at a price of $1.42/kg and that's for 1 nuclear power plant
or $23.14 to fill up your fcv for a distance of 400 miles......
8 Things You Need To Know About Hydrogen Fuel-Cell Cars
Plug-Free Electric Vehicles Are on the Way
Hydrogen fuel-cell vehicles have been around a while, but their introduction to car shoppers has long been held back by a chicken-or-egg dilemma: A successful retail launch of fuel-cell electric cars and SUVs requires a retail fueling system. And when was the last time you saw a hydrogen station?
Well, fuel-cell vehicles — and the stations that will power them — are about to become part of the landscape, a mere 12 years after American Honda began leasing a handful of hand-built cars to the city of Los Angeles.
The cars and stations will be a limited presence at first, confined to select areas of Southern California. But if some of the world's major automakers and the U.S. and various state governments have anything to say about it, the stations ultimately will spread throughout the nation's urban areas.
https://www.edmunds.com/fuel-economy/8-things-you-need-to-know-about-hydrogen-fuel-cell-cars.html
Hydrogen Fuel Cars vs Hybrid Cars vs Gasoline Cars Efficiency
Hydrogen Fuel Cars
Hydrogen fuel cars use hydrogen fuel cells to generate power. There are various chemical reactions which take place in these fuel cells to create power for the vehicle. Each fuel cell contains oxygen and hydrogen, and it can produce power for an indefinite amount of time. The fuel efficiency of a fuel cell car is far greater than gasoline efficiency.
Fuel cells exist inside the engine of a hydrogen car. There is about a 64% rate of efficiency with each fuel cell. Compare this to the 20% conversion rate of gasoline energy, and you’ll notice a big difference. Overall, you can get up to 93 miles per gallon from a hydrogen car versus an average of 35 miles per gallon from a gasoline car. So, there is no doubt that hydrogen cars are more fuel efficient. The only problem is that only a limited number of charging stations exist. Fortunately, you don’t need to charge them very often.
https://autocartimes.com/hydrogen-fuel-cars-vs-hybrid-cars-vs-gasoline-cars-efficiency/#:~:text=Overall%2C%20you%20can%20get%20up%20to%2093%20miles,doubt%20that%20hydrogen%20cars%20are%20more%20fuel%20efficient.
How long will a hydrogen fuel cell last?
H2 fuel cells currently in production have a life expectancy of from 5,000 to 10,000 hours. If we apply that to an average driving speed of 45 mph (a combination of in-town on highway driving), we should expect to get 225,000 to 450,000 miles.
That is comparable to the lifetime (between rebuilds) of modern internal combustion engines (ICEs), depending on various factors.
Fuel cell vehicles operate at much higher efficiency levels than ICEs (approximately 3X). That means the value of Hydrogen and gasoline are equivalent when the price per kg of H2 is about 3 times the price per gallon of gasoline.
There are additional benefits as well. If the H2 is produced by splitting water with energy obtained from renewable sources, such as wind turbines, then the entire fuel cycle is sustainable indefinitely, with no production of CO2.
https://www.quora.com/How-long-will-fuel-cells-for-hydrogen-cars-last
srm4u
4 years ago
Hydrogen Production and Uses
(Updated September 2020)
Hydrogen directly from nuclear heat
Several direct thermochemical processes are being developed for producing hydrogen from water. For economic production, high temperatures are required to ensure rapid throughput and high conversion efficiencies. They essentially do not use electricity.
In each of the leading thermochemical processes the high-temperature (800-1000°C), low-pressure endothermic (heat absorbing) decomposition of sulfuric acid produces oxygen and sulfur dioxide:
2H2SO4 ? 2H2O + 2SO2 + O2
There are then several possibilities. In the iodine-sulfur (IS) process invented by General Atomics in the 1970s, iodine combines with the SO2 and water to produce hydrogen iodide. This is the Bunsen reaction and is exothermic, occurring at low temperature (120°C):
I2 + SO2 + 2H2O ? 2HI + H2SO4
The HI then dissasociates to hydrogen and iodine at about 350-450°C, endothermically:
2HI ? H2 + I2
This can deliver hydrogen at high pressure.
Combining all this, the net reaction is then:
2H2O ? 2H2 + O2
All the reagents other than water are recycled, there are no effluents, hence it may be called the sulfur-iodine cycle, with zero-carbon hydrogen and oxygen byproducts.
In February 2010 the Japan Atomic Energy Agency (JAEA) set up the HTGR Hydrogen and Heat Application Research Centre at Oarai to progress operational technology for an IS plant to make hydrogen thermochemically. It has demonstrated laboratory-scale and bench-scale hydrogen production with the IS process, up to 30 litres/h. In parallel with JAEA’s HTTR developments a pilot plant test project producing hydrogen at 30 m3/h from helium heated with 400 kW tested the engineering feasibility of the IS process. An IS plant producing 1000 m3/h (90 kg/h, 2t/day) of hydrogen was to be linked to the HTTR to confirm the performance of an integrated production system, envisaged for the 2020s. In 2014 hydrogen production at up to 20 L/h was demonstrated. In January 2019 it used the HTTR to produce hydrogen using the iodine-sulfur process over 150 hours of continuous operation. JAEA aims to produce hydrogen at less than $3/kg by about 2030 with very high temperature reactors.
The US Nuclear Energy Research Initiative (NERI) launched in 1999 was refocused in 2004 to include the Nuclear Hydrogen Initiative (NHI), allied to the Next Generation Nuclear Plant (NGNP) programme established in 2005. NGNP envisaged construction and operation of a prototype high-temperature gas-cooled reactor (HTR) and associated electricity or hydrogen production facilities by 2021, but funding was cut back under the Obama administration and prelicensing activities were suspended in 2013.
Under an International NERI agreement, Sandia National Laboratories in the USA and the French CEA with General Atomics in the USA were also developing the IS process with a view to using high-temperature reactors for it. They had built and operated a laboratory-scale loop for thermochemical water-splitting.
South Korea has also demonstrated thermochemical water-splitting at laboratory scale, supported by General Atomics. In December 2008, the ROK Atomic Energy Commission officially approved nuclear hydrogen development as a national programme, with the development of key and basic technologies through 2017 and the goal of demonstrating nuclear hydrogen production using the S-I process and a very high-temperature reactor (VHTR) by 2026.
The economics of hydrogen production depend on the efficiency of the method used. The IS cycle coupled to a modular high temperature reactor is expected to produce hydrogen at about $2.00/kg. The oxygen byproduct also has value. General Atomics earlier projected $1.53/kg based on a 2400 MWt HTR operating at 850°C with 42% overall efficiency, and $1.42/kg at 950°C and 52% efficiency (both 10.5% discount rate). Such a plant could produce 800 tonnes of hydrogen per day.
For thermochemical processes an overall efficiency of greater than 50% is projected.
https://www.world-nuclear.org/information-library/energy-and-the-environment/hydrogen-production-and-uses.aspx
https://www.iaea.org/topics/non-electric-applications/nuclear-hydrogen-production
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=158692587
srm4u
4 years ago
What makes hydrogen clean depends on how it's made.
The vast majority of the hydrogen used today, "gray" hydrogen, is produced using fossil fuels, emitting carbon dioxide in the process. "Blue" hydrogen is made using natural gas and then capturing the carbon dioxide emissions, making it cleaner than gray hydrogen.
However, carbon-free "green" hydrogen is made using electricity to split the hydrogen molecules from oxygen molecules in water. The byproduct after hydrogen combustion is not carbon dioxide, but rather water.
https://abcnews.go.com/Technology/green-hydrogen-renewable-energy-source-watch-2021/story?id=74128340
https://www.thechemicalengineer.com/features/clean-hydrogen-part-2/
Nikola receives $1.7M grant from US Department of Energy for fuel cell research
PHOENIX, AZ (August 7, 2019) -- As Nikola Motor Company marches toward a zero-emission future with durable hydrogen technology for commercial trucking, the U.S. Department of Energy has awarded the Phoenix company a $1.7 million grant to advance its research into fuel cell membrane electrode assembly (MEA).
“This award provides an opportunity for the highly talented Nikola team to leverage expertise in academia and exceptional resources within the DOE Fuel Cell Consortium for Performance and Durability to accelerate a breakthrough that will benefit the entire hydrogen and fuel cell industry and community,” said Jesse Schneider, executive vice president, Hydrogen & Fuel Cell Technologies, Nikola.
The joint grant was funded by the US Department of Energy’s Energy Efficiency and Renewable Energy (EERE) Transportation Office under the recently announced FY19 Commercial Trucks and Off-Road Applications FOA.
Nikola is pursuing a new approach and unique MEA architecture to satisfy the high-power output and durability requirements of heavy-duty applications with its academic partners: Carnegie Mellon University Prof. Shawn Litster, Northeastern University Prof. Sanjeev Mukerjee and Georgia Institute of Technology Prof. Younan Xia.
In this project, Nikola will bring together advanced concepts in catalysts, ionomers, proton exchange membranes, and gas diffusion layers within a robust MEA by using appropriate, scalable fabrication methods.
Nikola’s hydrogen station partner NEL Hydrogen of Oslo, Norway was also awarded a two million dollar award from the DOE. Nikola executives are serving as the technical lead on that project as well.
There are currently more than 14,000 Nikola class 8 trucks on order. The Nikola trucks feature up to 1,000 horsepower and 2,000 ft-lbs of torque. Nikola recently announced a battery-electric vehicle option for the urban, short haul trucking market. Nikola’s trucks will be manufactured in Coolidge, Ariz. Testing will begin on Arizona roads this year with full production expected in late 2022
https://nikolamotor.com/press_releases/nikola-awarded-1-7-million-u-s-department-of-energy-award-63
About the Hydrogen Council: The Hydrogen Council is a CEO-led organisation that uses its global reach to promote collaboration between governments, industry and investors, and to provide guidance on accelerating the deployment of hydrogen solutions around the world. The Council acts as a business marketplace, building a comprehensive hydrogen economy and shifting the perception of hydrogen globally. In addition, the Hydrogen Council serves as a resource for safety standards and an interlocutor for the investment community, while identifying opportunities for regulatory advocacy in key geographies. The coalition of 81 members including large multinationals, innovative SMEs and investors collectively represents total revenues of over €18.7 trillion and close to 6 million jobs around the world. To find out more visit www.hydrogencouncil.com and follow us on Twitter @HydrogenCouncil.
https://hydrogencouncil.com/en/cost-reduction-study-announcement/
srm4u
4 years ago
Shell to cut up to 9,000 jobs in shift to low-carbon energy
9/30/2020
Royal Dutch Shell will slash as many as 9,000 jobs as the oil giant accelerates a shift away from fossil fuels.
The Anglo-Dutch company said Wednesday that it would cut between 7,000 and 9,000 positions by the end of 2022, potentially affecting more than 10% of its workforce. The total includes 1,500 people who have volunteered to leave the company this year.
The job losses are part of an overhaul aimed at cutting costs and simplifying the company's structure as it moves into low-carbon energy. Shell expects the overhaul to deliver annual cost savings of up to $2.5 billion by 2022.
https://www.msn.com/en-us/news/us/shell-to-cut-up-to-9-000-jobs-in-shift-to-low-carbon-energy/ar-BB19yLZw
Royal Dutch Shell
Shell was formed in 1907 through the amalgamation of the Royal Dutch Petroleum Company (Dutch: N.V. Koninklijke Nederlandse Petroleum Maatschappij) of the Netherlands (formerly the Royal Dutch Company for the Exploitation of Petroleum Wells in the Dutch East Indies (Dutch: N.V. Koninklijke Maatschappij tot Exploitatie van Petroleumbronnen in Nederlandsch-Indië)) and the "Shell" Transport and Trading Company of the United Kingdom. Until its unification in 2005 the firm operated as a dual-listed company, whereby the British and Dutch companies maintained their legal existence but operated as a single-unit partnership for business purposes. Shell first entered the chemicals industry in 1929. Shell was one of the "Seven Sisters" which dominated the global petroleum industry from the mid-1940s to the mid-1970s. In 1970 Shell acquired the mining company Billiton, which it subsequently sold in 1994 and now forms part of BHP. In recent decades gas exploration and production has become an increasingly important part of Shell's business.[17] Shell acquired BG Group in 2016, making it the world's largest producer of liquefied natural gas (LNG).[17]
Shell has a primary listing on the London Stock Exchange and is a constituent of the FTSE 100 Index. It had a market capitalisation of £216 billion at the close of trading on 27 June 2019, by far the largest of any company listed on the London Stock Exchange.[18][19] It has secondary listings on Euronext Amsterdam and the New York Stock Exchange. As of January 2013, Shell's largest shareholder was Capital Research Global Investors with 9.85% ahead of BlackRock in second with 6.89%.[20] According to the CDP Carbon Majors Report 2017, Shell was the ninth-largest corporate producer of greenhouse gas emissions in the period 1988-2015.[21]
https://en.wikipedia.org/wiki/Royal_Dutch_Shell
Shell world headquarters in Haagse Hout, The Hague
https://www.google.com/maps/place/52%C2%B005'39.8%22N+4%C2%B021'17.3%22E/@52.0242657,5.2123841,6.25z/data=!4m5!3m4!1s0x0:0x0!8m2!3d52.0944!4d4.3548
srm4u
4 years ago
no wonder this is going up, volume and price same news different link....
Awarded Everfuel contract for Fredericia hydrogen project
Dec 30, 2020 1:10 pm GMT
"This is a major step towards establishing our own green hydrogen production through the HySynergy electrolyser in Fredericia in close cooperation with Shell's refinery operations. It will feed hydrogen directly into the Everfuel value chain, connecting renewable energy production and electrolysis with distribution on high-capacity hydrogen trailers to fueling stations and end-users. This is at the core of our ambition of commercializing the green hydrogen value chain for zero-emission mobility," says Jacob Krogsgaard, CEO of Everfuel.
The Everfuel contract is subject to approval by the Board of Directors and has a value of EUR 7.2 million.
Separately, with reference to the press release dated 25 November 2020, Everfuel and Nel has executed the final agreement for the joint venture to develop the hydrogen fuel market for retail and trucking customers in Norway. Everfuel will assume 51% ownership of H2FuelNorway AS (H2Fuel), which will be renamed Everfuel Norway Retail AS from early 2021. Nel will hold the remaining 49% of the shares in Everfuel Norway Retail AS.
https://energycentral.com/news/awarded-everfuel-contract-fredericia-hydrogen-project
TPX
4 years ago
News! Nel ASA: Signs MoU with Everfuel for further development of H2 Fuel Norway
(Oslo, November 25 2020) Nel ASA (Nel, OSE:NEL) has entered into an MoU with Everfuel A/S (Everfuel) which among other things involves Everfuel taking a majority stake in H2 Fuel Norway AS (H2Fuel), a fully owned company of Nel, and changing the name to Everfuel Norway Retail AS.
“Becoming part of Everfuel’s activities in Norway is a natural next step for H2Fuel, and I look forward to continue leading the company’s efforts in developing the hydrogen retail market in Norway,” says Helge Skaarberg Holen, Managing Director of H2Fuel.
Everfuel targets an investment of NOK 26 million in H2Fuel, resulting in a 51% ownership share in the company. Everfuel Norway Retail’s strategy will be to combine the resources and build, own and operate hydrogen fueling stations in Norway, starting in Oslo.
Final agreement is subject to a completed due diligence. The transaction and creation of Everfuel retail Norway is expected to be completed in December 2020.
https://nelhydrogen.com/press-release/nel-asa-signs-mou-with-everfuel-for-further-development-of-h2-fuel-norway/
TPX
4 years ago
News! Nel ASA: Enters into MoU with Iberdrola to develop large scale green hydrogen project and the hydrogen technology value chain in Spain
(Oslo, 18 November 2020) Nel Hydrogen Electrolyser, a division of Nel ASA (Nel, OSE:NEL), has today entered into a Memorandum of Understanding (MoU) with Iberdrola with the ambition to collaborate in the development of a green hydrogen production plant with the capacity of more than 200 MW in Spain by 2023. As part of this MoU, Iberdrola and Nel also plan to jointly develop a green hydrogen technology value chain in Spain.
"We are honored that Iberdrola wants to work more closely together with us on electrolyser projects in the 100-MW scale and beyond. Just as Iberdrola in the past successfully contributed to developments in the wind industry, they are now doing the same within hydrogen. Getting visibility on significant off-take volumes, and working together on the value chain through scale-up, will contribute massively to the overall cost reductions. Iberdrola and Fertiberia shares the same target with Nel, namely making green hydrogen competitive to fossil hydrogen, we see this cooperation as a solid step in the direction of succeeding just that," says Jon André Løkke, CEO of Nel.
Earlier in November Iberdrola, one of the largest power utilities in the world, announced plans with world-leading fertilizer manufacturer Fertiberia to develop an 800 MW green hydrogen project for the production of green ammonia. Shortly thereafter, Nel and Iberdrola announced that Nel would be the preferred partner for the delivery of a 20 MW PEM electrolyser facility in Puertollano, Spain.
“This initiative will accelerate the production of green hydrogen in Spain and will create a new industry, the manufacturing of electrolyser systems, with high growth potential. We continue to make progress in our ambitious plan to put Spain and Europe at the global forefront of this technology by reducing energy dependence and fossil fuel consumption while driving the country’s economic and social revitalization,” says Ignacio Galán, Chairman and CEO of Iberdrola.
The parties will commence the project, as well as strategic discussions, immediately, with the target of deploying more than 200 MW electrolysers in 2023, after the initial 20 MW plant is set to commence operations in 2021.
https://nelhydrogen.com/press-release/nel-asa-enters-into-mou-with-iberdrola-to-develop-large-scale-green-hydrogen-project-and-the-hydrogen-technology-value-chain-in-spain/
TPX
4 years ago
News! Nel ASA: Received purchase order for a 1.5 MW PEM electrolyser in the US
(Oslo, 18 November 2020) Nel Hydrogen U.S., the U.S. subsidiary of Nel ASA (Nel, OSE:NEL), has received a purchase order for a 1.5 MW PEM electrolyser from a large industrial client in the US.
“We’re happy to see that our megawatt-scale PEM platform continues to be the preferred choice for a number of large industrial players across the world, where 24/7 operations and high reliability is of utmost importance, and look forward to delivering it to a high profile project,” says Tom Skoczylas, Regional Sales Manager in Nel Hydrogen Electrolyser.
The purchase order has a value of approximately USD 2.7 million, and the electrolyser will be installed in 2021.
https://nelhydrogen.com/press-release/nel-asa-received-purchase-order-for-a-1-5-mw-pem-electrolyser-in-the-us/
TPX
4 years ago
NEWS! Nel ASA: Reference is made to stock exchange announcement regarding contract for multiple hydrogen fueling stations
(Oslo, 12 November 2020) On 30 June 2020 Nel Hydrogen Fueling, a division of Nel ASA (Nel, OSE:NEL), received a purchase order for multiple H2Station™ units for fueling of light-duty vehicles in California from Iwatani Corporation of America, a wholly owned subsidiary of Iwatani Corporation (8088: Tokyo Stock Exchange).
"We are very honored that Iwatani and Toyota have selected our H2Station™ hydrogen fueling station solutions for strengthening the hydrogen infrastructure in Southern California. The stations will serve existing as well as new fuel cell electric vehicles, such as the next generation Toyota Mirai, with zero-emission fuel, at the same convenience as conventional fuels. With our Nel Inc. entity currently based in the San Francisco area we now look forward to expanding our business in California and supporting Iwatani," says Ulrik Torp Svendsen, Key Account Manager, Nel Hydrogen Fueling.
The value of the purchase order was in excess of NOK 150 million, and included 14 H2Station™ modules which will be installed in 2021 on 7 sites in California, US for fueling of passenger vehicles.
Link to press-release from Iwatani and Toyota: https://pressroom.toyota.com/iwatani-corporation-of-america-and-toyota-collaborate-to-bring-seven-new-hydrogen-refueling-stations-to-southern-california/
https://nelhydrogen.com/press-release/nel-asa-reference-is-made-to-stock-exchange-announcement-regarding-contract-for-multiple-hydrogen-fueling-stations/
TPX
4 years ago
NEWS! Nel ASA: Share capital increase registered
(Oslo, 10 November 2020) Reference is made to the stock exchange announcement on 6 November 2020 regarding the issuance of shares in Nel ASA. The share capital increase pertaining to the issuance of the 354,000 new shares has now been registered with the Norwegian Register of Business Enterprises. The Company's new registered share capital is 281,559,497.60, divided into 1,407,797,488 shares, each with a par value of NOK 0.20.
https://nelhydrogen.com/press-release/nel-asa-share-capital-increase-registered-18/
TPX
4 years ago
News! Nel ASA: Receives purchase orders for U.S. Navy PEM electrolyser stacks
(Oslo, 09 November, 2020) Nel Hydrogen U.S., the U.S. subsidiary of Nel ASA (Nel, OSE:NEL), has received purchase orders for PEM electrolyser cell stacks from Raytheon Technologies´ Collins Aerospace Division, at a combined value of more than USD 5.4 million. Nel’s electrolyser stacks produce critical life support oxygen for U.S. Navy crews on multiple classes of nuclear-powered submarines and are being delivered under an exclusive contract.
“We are very proud to work with our partner Collins Aerospace and the U.S. Navy on this mission critical application for PEM electrolysis. This new order demonstrates the continuing success of our world class manufacturing and quality systems, as well as the reliability of our industry leading PEM electrolyser technology” says Steve Szymanski, Vice President of Sales & Marketing at Nel Hydrogen U.S.
The purchase order is part of an ongoing production contract with Collins Aerospace, and continues Nel’s history of supplying PEM electrolyser stacks for the production of life sustaining oxygen on board Navy submarines for over a decade. During the first half of 2020, Nel received additional orders for Navy stacks worth over $3.7M, bringing the total booked orders this year to over $9.1M.
“The U.S. Navy is now exclusively buying PEM electrolysers for oxygen production on submarines, based on its long track record of reliability and safety, and Nel is now the world’s leading supplier of cell stacks for this application,” Szymanski concludes.
https://nelhydrogen.com/press-release/nel-asa-receives-purchase-orders-for-u-s-navy-pem-electrolyser-stacks/
TPX
4 years ago
NEWS! Nel ASA: Exercise of employee share options and issue of shares
(Oslo, 6 November 2020) Nel ASA (the Company) today has resolved, in accordance with the authorization granted by the general meeting on 13 May 2020, to issue 354,000 new shares to fulfil the Company's obligations in the groupwide share option program comprising all employees in Nel fulfilling certain criteria, specified in the Company's annual report (note 6), thereby increasing the Company's share capital by NOK 70,800. In total 6 employees in the group exercised 354,000 options, where 24,000 options were exercised at the strike price of NOK 3.14, and 330,000 options were exercised at the strike price of NOK 3.24.
https://nelhydrogen.com/press-release/nel-asa-exercise-of-employee-share-options-and-issue-of-shares-4/
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