Dec. 12 at 3:04 PM
$NLLSF Nel ASA: Strengthens its industry leadership as the final investment decision has been taken to industrialize the Next Generation Pressurized Alkaline platform
(December 12, 2025 - Oslo, Norway) Nel ASA (Nel, OSE: NEL) is pleased to announce that following a seven-year development program, and now a successful start-up and production of clean hydrogen on the Next Generation Pressurized Alkaline prototype, the Board of Directors has taken the final investment decision to begin construction on up to 1 GW of production capacity for this technology platform in the Herøya facility, Norway. The project is supported by the EU Innovation Fund.
Development of the system was initiated in 2018 and after rigorous testing, Nel has now completed full-scale testing of the prototype at Herøya Industripark, Norway, validating market-leading system efficiency. The company expects to launch the system commercially in the first half of 2026 and be able to deliver at scale in 2027.industrialization.