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