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A subsidiarity of Nel ASA , and an entity partially owned by Nel, have received notices of fines totaling NOK 25 million related to the June 2019 incident at the hydrogen fueling station at... | February 20, 2021
Nel ASA is aiming to produce green hydrogen at $1.5/kg by 2025, which would outcompete fossil fuel alternatives, the Norwegian hydrogen company said today (21st...
“By installing the first 500MW line, we will cut the cost approximately in half, and when we add additional lines and we optimise the design further and work on the technology, we should be able to cut the cost almost in half again,” he said. “And on that journey, we will see that green renewable hydrogen is going to outcompete the fossil solutions.” Løkke unveiled a new target for producing green hydrogen with a levelised cost of $1.50/kg by 2025, based on “a large-scale Nel [electrolyser] facility”. “That is basically on par with fossil hydrogen,” he said, adding that costs...