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 role in overseeing the entire project and will be directly responsible for the PEM pathway.

 “We are very pleased to announce our participation in the DOE’s Advanced Water Splitting Benchmarking Project and are proud that Proton was selected to lead parts of the project with impact across the industry worldwide,” says Kathy Ayers, Vice President of Research and Development at Proton OnSite, who has been named the overall project lead on behalf of Proton.  

The Advanced Water Splitting Benchmarking Project is a critical piece of the DOE’s HydroGEN Energy Materials Network (EMN) consortium. The project was recently launched to accelerate the discovery and development of materials for low-cost hydrogen production, enabling energy storage, resiliency, and economic opportunities across sectors.

The work is supported by the DOE’s Fuel Cell Technologies Office (FCTO) within the Office of Energy Efficiency and Renewable Energy (EERE).  

ENDS

For further information, please contact:

Bjørn Simonsen, VP Market Development and Public Relations, +47 971 79 821

Chris Van Name, Director of Corporate Marketing, Proton OnSite, +1 203 678 2132