Samsung E&A to become Nel’s largest shareholder and hydrogen plant EPC partner
Samsung E&A will become Nel’s largest shareholder and EPC partner, developing and selling hydrogen plants based on Nel’s electrolyser technology.
Samsung E&A will become Nel’s largest shareholder and EPC partner, developing and selling hydrogen plants based on Nel’s electrolyser technology.
The European Commission is supporting electrolyser and hydrogen development in Austria and Lithuania through state aid funding worth €400m and €36m respectively.
Optimal Group supplied a 700kW PEM electrolyser to BOC Australia’s Lutana site, which has a reported capacity of up to 262kg of green hydrogen per day.
At Titan’s Texas facility, they will engineer EH2’s first commercial plant, deploying the same expertise and workers it would use to build traditional oil and gas infrastructure.
In an impatient investment landscape with no policy crutches, Hydgen is building its business model on solving real hydrogen supply challenges today.
The two companies plan to explore opportunities in hydrogen production, blending, transportation and storage, and will also evaluate and develop projects for hydrogen applications across the transport, power and steel sectors.
Evonik has invested a “low double-digit million-euro amount” in the plant located in Germany, which is scheduled to go online at the end of 2025.
Ingeteam has optimised its rectifier systems to minimise integration risks and reduce total project costs by up to 60% compared with industry benchmarks.
“We can’t build the Michigan facility until we have a market to sell what we’re producing,” said Chief Financial Officer (CFO), Kjell Christian Bjørnsen.
Once operational, Plug’s total liquid hydrogen production capacity will increase to 39 tonnes per day.
