Half a billion backed – E24

Hydrogen company Nell says it has secured half a billion kroner in backing for its new factory in Michigan, USA.

It comes out in one news.

Norwegian company Nel manufactures electrolyzers. These are used to separate hydrogen from water using electricity.

This type of equipment has an important role in the green transition and replaces fossil energy with cleaner solutions.

Now Nell has chosen Plymouth Charter Township, a suburb of Detroit, Michigan, as the location for his new large factory.

– Here we have access to highly educated workers, universities and research institutes, and we are close to our partner General Motors, says Nel CEO Håkon Volldal.

However, the company has not taken a final investment decision for the project.

It has received a lot of support

According to the report, Nell has received 50 million dollars (540 million kroner) to support the planned factory.

– We are excited to welcome Nell Hydrogen and their new Gigafactory to Southeast Michigan, Michigan Governor Gretchen Whitmer said in a statement on Nell News.

Wittmer was in Norway earlier this year, visiting others Norwegian Hydro It is currently building a factory in Michigan.

Can get crores of support

Nell has applied for additional support from the state of Michigan and the US government.

According to the report, the company hopes to receive a total of approximately NOK 1.6 billion in support of the project.

– The government and authorities in Michigan have offered us a very attractive financial support package, says Woldahl.

Last year, Nel opened its new factory in Porsgrunn. The company also announced that the facility’s capacity will double to one gigawatt per year.

According to the plan, the Nels USA factory will have the largest capacity. The plant in Michigan will be capable of producing a total of four gigawatts of electrolysis each year.