The Inflation Reduction Act passed through the Senate and Congress earlier this year
Nel increases US focus
Passing of Inflation Reduction Act has already led to two of the firm’s largest-ever orders
Electrolyser manufacturer Nel is increasingly focusing its operations on the US as the hydrogen market starts to accelerate in North America. Nel noted in its Q3 results forecast that two of its biggest ever contracts, signed during the most recent quarter, were for projects in the US. One was for a 200MW electrolyser for an undisclosed customer and the other was with Australian energy company Woodside. Woodside will buy NOK600mn ($56.5mn) of alkaline electrolyser equipment for its H2OK liquid hydrogen project in Oklahoma. “The EU wanted to lead in hydrogen… but to be frank the US has taken the lead due to the Inflation Reduction Act (IRA),” said CEO Hakon Volldal on the results call. Develo
Also in this section
2 December 2025
Oil major cites deteriorating demand and a planning debacle as it abandons one of UK’s largest blue hydrogen projects
1 December 2025
Project at Emden in northwest Germany due online in 2027, but wider ramp-up of clean hydrogen sector in Germany will require overhaul of government policy, company warns
25 November 2025
The northwest African country’s vision of integrating green power, molecules and steel is alive and kicking, and serves as a reminder of hydrogen’s transformative potential
19 November 2025
The creation of ‘lead markets’ to generate hydrogen demand in the EU has potential, but implementation would pose complex challenges for producers and industrial offtakers
