Nel ASA and Kværner ASA have entered into a strategic collaboration agreement. The companies will collaborate on specific green hydrogen projects and standardisation of solutions for large scale hydrogen production plants.
In the agreement, the companies have identified a range of projects on which to collaborate on moving forward. Work has already been initiated to jointly develop a standardised 20 megawatt H2 production module and will proceed to include standardised design for large (100 megawatt+) modules to cater for anticipated demand for major scale plants.
Nel is a global, dedicated hydrogen company, delivering optimal solutions to produce, store and distribute hydrogen from renewable energy.
Kvaerner has over decades delivered demanding projects such as offshore oil and gas platforms and onshore process facilities to oil companies and customers in the process industry. The company is recognised as a supplier with a continuous focus on health, safety and environment, and who always delivers at agreed quality, time and price.
The new partnership with Nel is in line with Kvaerner’s strategy to grow the business within renewable and green solutions. It is expected that Renewables will gradually count for 1/3 of Kvaerner’s total revenues in the coming years.