#1433
Re: Iberdrola (IBE), seguimiento de las acciones
Nel ASA: Enters into MoU with Iberdrola to develop large scale green hydrogen project and the hydrogen technology value chain in Spain
(Oslo, 18 November 2020) Nel Hydrogen Electrolyser, a division of Nel ASA (Nel,
OSE:NEL), has today entered into a Memorandum of Understanding (MoU) with
Iberdrola with the ambition to collaborate in the development of a green
hydrogen production plant with the capacity of more than 200 MW in Spain by
2023. As part of this MoU, Iberdrola and Nel also plan to jointly develop a
green hydrogen technology value chain in Spain.
"We are honored that Iberdrola wants to work more closely together with us on
electrolyser projects in the 100-MW scale and beyond. Just as Iberdrola in the
past successfully contributed to developments in the wind industry, they are now
doing the same within hydrogen. Getting visibility on significant off-take
volumes, and working together on the value chain through scale-up, will
contribute massively to the overall cost reductions. Iberdrola and Fertiberia
shares the same target with Nel, namely making green hydrogen competitive to
fossil hydrogen, we see this cooperation as a solid step in the direction of
succeeding just that," says Jon André Løkke, CEO of Nel.
Earlier in November Iberdrola, one of the largest power utilities in the world,
announced plans with world-leading fertilizer manufacturer Fertiberia to develop
an 800 MW green hydrogen project for the production of green ammonia. Shortly
thereafter, Nel and Iberdrola announced that Nel would be the preferred partner
for the delivery of a 20 MW PEM electrolyser facility in Puertollano, Spain.
"This initiative will accelerate the production of green hydrogen in Spain and
will create a new industry, the manufacturing of electrolyser systems, with high
growth potential. We continue to make progress in our ambitious plan to put
Spain and Europe at the global forefront of this technology by reducing energy
dependence and fossil fuel consumption while driving the country's economic and
social revitalization," says Ignacio Galán, Chairman and CEO of Iberdrola.
The parties will commence the project, as well as strategic discussions,
immediately, with the target of deploying more than 200 MW electrolysers in
2023, after the initial 20 MW plant is set to commence operations in 2021.
OSE:NEL), has today entered into a Memorandum of Understanding (MoU) with
Iberdrola with the ambition to collaborate in the development of a green
hydrogen production plant with the capacity of more than 200 MW in Spain by
2023. As part of this MoU, Iberdrola and Nel also plan to jointly develop a
green hydrogen technology value chain in Spain.
"We are honored that Iberdrola wants to work more closely together with us on
electrolyser projects in the 100-MW scale and beyond. Just as Iberdrola in the
past successfully contributed to developments in the wind industry, they are now
doing the same within hydrogen. Getting visibility on significant off-take
volumes, and working together on the value chain through scale-up, will
contribute massively to the overall cost reductions. Iberdrola and Fertiberia
shares the same target with Nel, namely making green hydrogen competitive to
fossil hydrogen, we see this cooperation as a solid step in the direction of
succeeding just that," says Jon André Løkke, CEO of Nel.
Earlier in November Iberdrola, one of the largest power utilities in the world,
announced plans with world-leading fertilizer manufacturer Fertiberia to develop
an 800 MW green hydrogen project for the production of green ammonia. Shortly
thereafter, Nel and Iberdrola announced that Nel would be the preferred partner
for the delivery of a 20 MW PEM electrolyser facility in Puertollano, Spain.
"This initiative will accelerate the production of green hydrogen in Spain and
will create a new industry, the manufacturing of electrolyser systems, with high
growth potential. We continue to make progress in our ambitious plan to put
Spain and Europe at the global forefront of this technology by reducing energy
dependence and fossil fuel consumption while driving the country's economic and
social revitalization," says Ignacio Galán, Chairman and CEO of Iberdrola.
The parties will commence the project, as well as strategic discussions,
immediately, with the target of deploying more than 200 MW electrolysers in
2023, after the initial 20 MW plant is set to commence operations in 2021.
