Nel sees growing order book

Electrolyser firm is developing three new types of product to meet customer demand

Electrolyser manufacturer Nel has received a €3mn ($3.3mn) purchase order for an alkaline electrolyser from a European customer. The firm is also still in advanced negotiations with a second European customer for a contract of a similar size for hydrogen fuelling modules. Nel’s purchase order backlog was already standing at NOK1.2bn ($140mn) as of earlier this month, up by 25pc from 2020. It has received a €13.5mn contract for a 20MW proton-exchange-membrane (PEM) electrolyser from Spanish utility Iberdrola and an €11mn contract for a 20MW electrolyser from manufacturer Ovako. Gas distribution firm SGN also placed an order for a 5MW alkaline electrolyser to deliver 2t/d of green hydrogen to