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Nel ASA, Aibel enters into a framework agreement for hydrogen projects

Nel ASA has announced that it has entered into a framework agreement with the major energy service company Aibel. The companies will leverage their capabilities to develop and deliver large-scale, complex renewable hydrogen projects.

"We are very excited to be announcing this collaboration with Aibel, a company with vast experience in delivering large-scale, complex projects across industries. Their in-house construction expertise and experience in fabrication and modularization will add significant value to Nel's global delivery and project execution abilities. This partnership is a long-term commitment, and we look forward to working with Aibel to further strengthen our competitiveness and deliver efficient, cost-competitive, and predictable projects to our customers" says Jon André Løkke, CEO of Nel ASA.

"The agreement with Nel marks an important milestone for Aibel and represents another strategic step in our ongoing business transformation towards renewable energy segments. Together with Nel, we foresee many new business opportunities in the fast-growing, green energy industry," says Aibel's President & CEO Mads Andersen.

The process of phasing in Aibel on select, ongoing projects is underway. Aibel will work integrated with Nel for the delivery of the 20 MW PEM hydrogen production plant to Iberdrola.

Author : Moulin Oza
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