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Green Steel. The conversion to green hydrogen in the production process will
reduce CO2-emissions from the facility by 50% from current levels with
possibilities for future development of hydrogen infrastructure for
transportation.
“We are very excited to enter into this shared initiative to jointly develop
fossil-free alternatives for the steel industry. Green hydrogen has the
characteristics to significantly reduce CO2 emissions from steel rolling and
milling, and this will be the first project in the world to heat steel with
hydrogen prior to rolling. The target would be for Nel to supply the project
with our industry leading electrolyser equipment, and we look forward to working
with our partners to further develop fossil free steel production - a potential
huge market for the application of green hydrogen.” says Jon André Løkke, Chief
Executive Officer, Nel.
The initiative will focus on developing 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 approximately SEK 180
million is supported by the Swedish Energy Agency via the Industriklivet
initiative and will create significant benefits for wider society from multiple
perspectives.
“We will work collaboratively together to make this project a success, based on
the joint learnings we will standardize the overall solution and ensure that
this can be replicated in different locations all across Europe”, adds Jon André
Løkke, CEO of Nel Hydrogen.
The conversion to hydrogen will enable reduction of CO2 emissions for steel
production in Hofors by 50 percent from already low levels. The plant can be
used flexibly and can therefore support the stability of the electrical grid,
which in turn will permit more 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 fossil-free hydrogen for fuel cell
vehicle trucks.
ENDS
For further 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, dedicated hydrogen company, delivering optimal solutions to
produce, store, and distribute hydrogen from renewable energy. We serve
industries, energy, and gas companies with leading hydrogen technology. Our
roots date back to 1927, and since then, we have had a proud history of
development and continuous improvement of hydrogen technologies. Today, our
solutions cover the entire value chain: from hydrogen production technologies to
hydrogen fueling stations, enabling industries to transition to green hydrogen,
and providing fuel cell electric vehicles with the same fast fueling and long
range as fossil-fueled vehicles - without the emissions.
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