Nel ASA: Expanding production capacity in Wallingford
(February 28 - 2023, Oslo, Norway) Nel ASA (Nel, OSE:NEL): Nel has taken the final investment decision to expand the production capacity at its PEM electrolyser manufacturing facility in Wallingford, Connecticut. The expansion will bring annual production capacity towards 500 MW in 2025. “This is an important milestone for Nel,” says Nel’s CEO, Håkon Volldal. “With this expansion, we will increase PEM production capacity substantially and simultaneously reduce stack cost and improve stack efficiency.” The investment cost is estimated at approximately NOK 260 million, and the new