Wed, November 16, 2022
"Adding Nel as a strategic collaborator is an important step to help us commercialize fuel cell technology. Electrolysis is key to creating consistent, clean sources of hydrogen to power fuel cells," said
Nel was the first company in the world with a fully automated alkaline electrolyzer production line. The next step will be to industrialize the production of its PEM electrolyzer equipment in a similar way which will enable considerable technology advancement.
"An automated production concept is key when scaling up and driving down cost on electrolyzer technology. By utilizing the combined expertise of both companies, it will help to more quickly develop a green hydrogen technology that is competitive with fossil fuels," said Volldal.
A PEM electrolyzer and a fuel cell are largely based on the same principles. A PEM electrolyzer uses electricity and water to produce hydrogen and oxygen, while a fuel cell reverses the process, using hydrogen and oxygen to produce electricity and water. As
Nel will be compensating
Nel is a global, dedicated hydrogen company, delivering optimal solutions to produce, store and distribute hydrogen from renewable energy. We serve industries, energy and gas companies with leading hydrogen technology. Since its origins in 1927, Nel has a proud history of development and continual improvement of hydrogen plants. Our hydrogen solutions cover the entire value chain from hydrogen production technologies to manufacturing of hydrogen fueling stations, providing all fuel cell electric vehicles with the same fast fueling and long range as conventional vehicles today.
This information is subject to a duty of disclosure pursuant to Section 5-12 of the Norwegian Securities Trading Act. This information was issued as inside information pursuant to the EU Market Abuse Regulation, and was published by
General Motors (NYSE:GM) is a global company focused on advancing an all-electric future that is inclusive and accessible to all. At the heart of this strategy is the Ultium battery platform, which will power everything from mass-market to high-performance vehicles.
David Caldwell, GM Communications, 586-899-7861, firstname.lastname@example.org; or Phil Lienert, GM Communications, 313-530-1508, Philip.email@example.com; or Kjell Christian Bjørnsen, Nel ASA, CFO, +47 917 02 097; or Wilhelm Flinder, Nel ASA, Head of Investor Relations, +47 936 11 350