Join the hydrogen initiative with leading players to enable the rolling / milling of steel without fossil fuels
Oslo, Norway, June 22, 2021 / PRNewswire / – Nel Hydrogen Electrolyser, a division of Nel ASA (Nel), (OSE: NEL), entered into a collaboration for a non-fossil hydrogen installation in Hofors, Sweden, in collaboration with partners Ovako, Volvo, Hitachi ABB and H2 Green Steel. Conversion to green hydrogen in the production process will reduce the facility’s CO2 emissions by 50% from current levels with potential for future development of hydrogen infrastructure for transportation.
“We are very happy to participate in this joint initiative to jointly develop fossil-free alternatives for the steel industry. Green hydrogen has the characteristics of significantly reducing CO2 emissions from the rolling and grinding of steel, and it will be the first project in the world to heat steel with hydrogen before rolling. The goal would be for Nel to supply the project with our state-of-the-art electrolyzer equipment, and we look forward to working with our partners to further develop the production of fossil-free steel – a huge potential market for the application of green hydrogen. ” says Jon André Løkke, CEO of Nel.
The initiative will focus on the development of a fossil-free steel production facility, with the intention of taking the first step towards creating a future hydrogen infrastructure for the transport sector. The investment of about 180 million Swedish kronor is supported by the Swedish Energy Agency through the Industriklivet initiative and will create significant benefits for society as a whole from several perspectives.
“We will work collaboratively to make this project a success, based on common learnings, we will standardize the overall solution and ensure that it can be replicated in different places all over the world. Europe“, adds Jon André Løkke, CEO of Nel Hydrogen.
The conversion to hydrogen will reduce CO2 emissions from steel production at Hofors by 50% from already low levels. The installation can be used flexibly and therefore can support the stability of the electricity grid, which in turn will allow greater use of renewable energy sources. Additionally, it will be a step in the direction of developing a hydrogen infrastructure for the transportation sector, with locally produced non-fossil hydrogen for fuel cell vehicle trucks.
For more information, please contact:
Jon André Løkke, CEO, +47 907 44 949
Kjell Christian Bjørnsen, CFO, +47 917 02 097
About Nel ASA | www.nelhydrogen.com
Nel is a global hydrogen company, which offers optimal solutions for producing, storing and distributing hydrogen from renewable energies. We serve industries, energy and gas companies with advanced hydrogen technology. Our roots go back to 1927, and since then we have a proud history of developing and continuously improving hydrogen technologies. Today, our solutions cover the entire value chain: from hydrogen production technologies to hydrogen refueling stations, enabling industries to switch to green hydrogen and providing fuel cell electric vehicles with the Same quick refueling and range as fossil fuel vehicles – without the emissions.
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SOURCE NEL ASA