Last month saw the hydrogen electrolyser plant specialist, NEL Hydrogen, win four contracts worth a combined €15m. The move reaffirmed the company’s stature as a world leader in its sphere, according to reports.
NEL Hydrogen closed the fourth quarter with an influx of contracts. Indeed, December 2011 saw as many as four contracts awarded for hydrogen electrolyser plants.
According to NEL Hydrogen, a specialist in hydrogen generation plants using water electrolysis, the contracts are for both new and existing customers in Europe and Asia. The four orders constitute 10 electrolysers at a value of more than €15m - all plants will be delivered during 2012.
“We have an exciting future ahead of us, and will also in the near future launch new electrolyser models well suited for the new hydrogen markets including fuelling stations and renewable energy systems.”
Torgeir Merland Landaas, CEO of NEL Hydrogen
Torgeir Merland Landaas, CEO of the global firm commented, “Our development over the last years has seen a tremendous increase in number of projects, revenues and profitability.” He added, “We are especially satisfied with the awards of the last contracts considering the financial challenges in various regions of the world.”
In a press statement the firm was confident in being described as the world’s leading electrolyser supplier. 2011 revenues underwent growth of more than 60% compared to the previous year, while the firm was awarded contracts for the delivery of hydrogen plants with a combined production capacity of close to 7.000 Nm3 of hydrogen per hour. NEL Hydrogen expects ongoing growth of between 30-50% in 2012.
Landaas continued, “We have an exciting future ahead of us, and will also in the near future launch new electrolyser models well suited for the new hydrogen markets including fuelling stations and renewable energy systems.”
NEL Hydrogen is a Norwegian company based in Notodden and Sandefjord, Norway. In June 2011 the company name changed from Hydrogen Technologies to NEL Hydrogen as a consequence of change in ownership structure.