Nel ASA has furthered its partnership with Hy Stor Energy on the Mississippi Clean Hydrogen Hub (MCHH) and received a capacity reservation for more than 1 GW of alkaline electrolysers.
“We are thrilled to partner with Hy Stor Energy on the Mississippi Clean Hydrogen Hub. This project can enable significant carbon emission reductions and leave in its wake a blueprint for successful, large-scale green hydrogen projects,” said Nel’s President and CEO, Håkon Volldal, in a news release.
As Hy Stor Energy’s exclusive electrolyser partner for phase one of the MCHH, Nel will provide alkaline and PEM technology at scale and contribute with its hydrogen expertise and experience. The parties signed a Front-End Engineering Design (FEED) contract in December, and today Hy Stor Energy has entered into a capacity reservation agreement with Nel to secure more than 1 gigawatt of alkaline electrolyser capacity for the project. Pending final investment decision, electrode production at Nel’s state-of-the-art plant at Herøya, Norway is expected to run through 2025, 2026, and the first part of 2027. In line with Nel’s accounting standards, the capacity reservation will not be considered as order intake or backlog until a firm purchase order has been received.
“Without ambitious pioneers, decarbonization at scale will not happen. Pioneers aim to do today what most people say can’t be done in years. To me, Hy Stor Energy is such a bold pioneer, and it makes me proud that the company has chosen Nel as its electrolyser partner on this game-changing project,” Volldal commented.
The Mississippi Clean Hydrogen Hub project will be the largest zero-carbon, off-grid hydrogen production and salt cavern storage hub in the U.S. With extensive storage and expansion capabilities, the MCHH project will help drive the growth of the domestic and global hydrogen economy to accelerate renewable hydrogen adoption at scale. Under a previously announced and recently extended exclusive Letter of Intent (LoI), Hy Stor Energy has agreed to supply zero-carbon renewable hydrogen from the MCHH in a direct offtake partnership to support production of green steel in the U.S.
