Nel ASA: Receives purchase order for U.K. Navy PEM electrolyser stacks

(Oslo, 31 March, 2020) Nel Hydrogen U.S., the U.S. subsidiary of Nel ASA (Nel, OSE:NEL), has received a purchase order for PEM electrolyser cell stacks from United Technologies´ Collins Aerospace Division, at a value of approximately USD 1.6 million. Nel’s electrolyser stacks produce critical life support oxygen for U.S. and U.K. Navy crews on multiple classes of nuclear-powered submarines and will be delivered under an exclusive contract.

“We are very proud to work with our partner United Technologies and their customer in the U.K. on this mission critical application for PEM electrolysis. This new order demonstrates the continuing success of our world class manufacturing and quality systems, as well as the robustness of our industry leading PEM technology” says Steve Szymanski, Director of Business Development at Nel Hydrogen U.S.

The purchase order is part of an ongoing production contract with Collins Aerospace, and continues Nel’s history of supplying PEM electrolyser stacks for the production of life sustaining oxygen on board Navy submarines for over a decade. Earlier in 2020, Nel received two additional purchase orders for the U.S. Navy with a combined value of USD 1.5 million, bringing the total booked orders for Collins Aerospace so far this year to approximately USD 3.1 million.

“The Navy acquisition community is now exclusively buying PEM electrolysers for oxygen production on submarines, based on its long track record of reliability and safety, and Nel is now the world’s leading supplier of cell stacks for this application,” Szymanski concludes.

ENDS                        

For additional information, please contact:

Jon André Løkke, CEO, +47 907 44 949

Bjørn Simonsen, VP Investor Relations & Corporate Communication, +47 971 79 821

About Nel | www.nelhydrogen.com      

Nel is a global, dedicated hydrogen company, delivering optimal solutions to produce, store, and distribute hydrogen from renewable energy. We serve industries, energy, and gas companies with leading hydrogen technology. Our roots date back to 1927, and since then, we have had a proud history of development and continuous improvement of hydrogen technologies. Today, our solutions cover the entire value chain: from hydrogen production technologies to hydrogen fueling stations, enabling industries to transition to green hydrogen, and providing fuel cell electric vehicles with the same fast fueling and long range as fossil-fueled vehicles - without the emissions.