Hy Stor Energy has secured a reservation for more than 1 GW of alkaline electrolyzer and PEM solutions from the company “Nel ASA”. This capacity is destined for the Mississippi Clean Hydrogen Hub (MCHH), a project located in the USA. which combines the production of hydrogen with its storage in salt caverns.
Hy Stor and alkaline electrolyzer solutions
The execution of the order is subject to final investment approval (FID). According to plans, manufacturing of the electrolyzers will take place at the Nel plant in Herøya, Norway , and will run from 2025 to mid-2027. It is also highlighted that the capacity reservation made by Hy Stor will not be registered as a firm order nor will it be included in the order book until the final purchase is confirmed.
Furthermore, Håkon Volldal, President and CEO of Nel, commented that “the MCHH is an opportunity to achieve considerable reductions in carbon emissions and could set a precedent for future large-scale green hydrogen projects.”
Laura Luce, CEO and founder of Hy Stor Energy, expressed satisfaction with the collaboration, highlighting Nel’s advanced electrolyzer technologies and automated production capability, which fits perfectly with Hy Stor’s goals to reliably and economically produce and supply green hydrogen.
The MCHH had previously missed the chance to be selected in the US Regional Clean Hydrogen Center awards program, where only seven projects received between $750 million and $1.2 billion in federal funding in 2023.
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Source and photo: Nel ASA
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