Nel takes FID on Heroya expansion

Facility’s capacity will double from 500MW/yr to 1GW/yr by April 2024 in €35mn expansion

Electrolyser manufacturer Nel has taken FID on a second production line at its Heroya facility, CEO Hakon Volldal said on the firm’s second-quarter results call. The facility’s capacity will double from 500MW/yr to 1GW/yr by April 2024. Nel has already begun ordering some items that required for the facility’s construction, which will cost €35mn ($36mn) “It is not cheap, but it is not expensive either,” Volldall says. “The Heroya expansion supports what we have previously communicated: when demand is present, we will add capacity.” At the end of the second quarter, Nel reported its highest ever order backlog, of NOK1.4bn ($150mn), up by 33pc from the same quarter last year. The company has a