Nel ASA: Enters into exclusive NOK 450 million industrial-scale power-to-gas framework agreement with H2V PRODUCT
(Oslo, 13 June 2017) Nel ASA (Nel, OSE:NEL) announced today it has entered a framework agreement with H2V PRODUCT, a subsidiary of Alain Samson owned SAMFI-INVEST Group, for the design, construction and maintenance of industrial-scale turnkey renewable hydrogen production plants. Nel will serve as a supplier to H2V PRODUCT, as a part of their major industrial power-to-gas program in France, which aims to reduce CO2 impact with H2V PRODUCT’s green hydrogen plants to inject hydrogen as a substitute to natural gas into the natural gas pipelines. The first 100 MW hydrogen plant represents a