Nel ASA: Awarded a contract for approximately mUSD 1.8 and assumes the lead role in the US Government Advanced Water Splitting Benchmarking Project
Proton OnSite (“Proton”), a wholly owned subsidiary of Nel ASA (Nel, OSE: NEL), announced today that it has been awarded a contract for approximately USD 1.8 million for its participation in the US Department of Energy’s (DOE) Advanced Water Splitting Benchmarking Project. Funding for the project will be spread out over its three-year active period. The purpose of this project is to accelerate the cost reduction efforts in generating low-cost hydrogen production from all four major water splitting pathways, including proton exchange membrane (PEM) electrolysis. Proton will take the lead