Volldal on Woodside contract: “It takes us to a higher league”

“With this contract we are moving up to Champions League,” says Håkon Volldal.

Nel’s CEO is a big fan of football but on Monday this week he and his teammates celebrated an important win on another green pitch, the renewable energy arena, after they had signed a record-breaking contract with Woodside Energy.

The Australian energy company will buy green alkaline electrolyser equipment, worth about 600 NOK million for its prosed proposed hydrogen project, H2OK, in Ardmore in the state of Oklahoma, US.

The Nel team today celebrated in the office with cake and a victory speech from Volldal

The smiles say it all

“We are extremely proud to be elected by Woodside Energy, a quality company with a strong track record of developing high-quality assets, for this exciting and meaningful project,” says Nel’s CEO Håkon Volldal.

H2OK is Woodside’s first hydrogen project in the US, this equipment will support phase 1 of the proposed project (60 tpd). Woodside will site the facility in Ardmore, Oklahoma, an area well suited for hydrogen production with good availability of water and energy. The company will utilize these resources to produce liquid hydrogen for hydrogen fuel cell-powered commercial and heavy transport vehicles.

Woodside Energy is looking to expand its US footprint and is also working on two proposed hydrogen projects in Australia: H2Perth and H2Tas.

The contract with Woodside was signed only a couple of months after Nel received its record size 200 MW purchase order for another large-scale project in the US.

“The electrolyser market is developing favorably for Nel. We are now securing quality contracts with favorable terms and a manageable risk profile. The contract with Woodside will have a substantial positive financial impact on the company,” says Volldal.

“It is extremely exciting to work with the professional team at Woodside to realize a project such as this. The Ardmore project will become an excellent showcase for Nel’s electrolyser technology as it aims to enable broader utilization for renewable energy into transportation and industrial sectors,” says Tom Skoczylas, Regional Sales Manager for Nel Hydrogen US.

The electrolyser stacks will be manufactured in Nel’s factory at Herøya, the world’s only fully automated electrolyser facility.

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