Nel on Monday (July 18) announced its largest purchase order to date, from an undisclosed customer based in the US, for 200MW of alkaline electrolyser equipment for industrial application, priced at over €45m ($46m).
H2 View understands the project, which the Nel equipment is destined for, is set to be fully funded by private investors and has received ‘significant’ state and local government incentives.
With the existing developments already in place at the project, Nel has said the customer has established a 20-year off-take commitment from local partners in addition to a 20-year electricity power purchase agreement (PPA).
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