Receives additional order as part of the world’s largest PEM hydrogen electrolyser agreement

Who: Guangdong Synergy Hydrogen Power Technology Co., Ltd. (“Synergy”)
Where:  Guangdong, China
Project descrip.: 13 MW-systems, tot.value 22mill USD
Product: Hydrogen electrolyzers, M Series, MW-scale
Value: USD 1.8 mill

Connecticut, 22 September 2017
Proton OnSite “Proton”, a subsidiary of Nel ASA (Nel, OSE:NEL), has received an additional order for an M Series, Megawatt scale, hydrogen electrolyzers from
Guangdong Synergy Hydrogen Power Technology Co., Ltd. (“Synergy”) under the earlier announced agreement between the two companies.

The order is the fourth system order under the agreement between Proton and Synergy, total agreement covers up to 13 MW-systems with a total value, including installation and associated services, of more than USD 22 million.

“We are pleased to have received an additional order under the exclusive agreement with Synergy. This confirms the strong partnership between Nel/Proton, Synergy and the Yunfu government in the Guangdong Province of China. The market for heavy duty fuel cell trucks and busses are developing fast in China, and Nel/Proton are well positioned to support this rapidly growing market with both electrolysers and complete hydrogen refueling solutions,” says David Bow, Senior Vice President, Sales and Marketing.

The order has a value of up to USD 1.8 million, including installation, commissioning, and other related services. The installations and commissioning will start towards the end of 2017 and continue into 2018.

Press release: