“The first quarter marks the start of an important year for the Nel and the industry, as we are moving from ambition to deliveries…”
Those were the words of Nel Hydrogen CEO Jon André Løkke, as he presented the company’s first quarter 2021 financials and set the scene for its bold objectives going forward. It’s a statement that arguably best describes the state and intent of the wider hydrogen movement itself today – moving from ambition to deliverables.
A key target of that transition to deliverables, and cited by Nel in its quarterly report, is the cost of green hydrogen. For Nel, that target is green hydrogen at $1.50/kg by 2025. Key to that, and to cost-competitiveness across the green hydrogen landscape as a whole, is the expansion of electrolyser infrastructure and production – our theme this month at H2 View.
“We’ve heard it before… ‘the time for hydrogen is now’! So, what makes this time different? The answer to that – why hydrogen’s time really is here – is two-fold,” Løkke previously affirmed in an exclusive column. “First, costs are dropping dramatically. In Nel, we’re working hard to make that happen across all our product lines: alkaline electrolysers, PEM electrolysers, and hydrogen fuelling stations.
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