A Norwegian renewable energy company has decided to expand its manufacturing facility in Wallingford, adding a new production line that will increase its production capacity to about 500 MW by 2025.
Nel ASA, headquartered in Oslo, Norway, said the cost of the investment is about 260 million krones, which is equivalent to roughly $25 million.
Nel is a publicly traded company on the Oslo Stock Exchange and has other locations in Denmark and South Korea, along with two sites in California.
The facility at 10 Technology Drive in Wallingford produces proton exchange membrane (PEM) electrolyzers, which create hydrogen.
“This is an important milestone for Nel,” CEO Håkon Volldal said. “With this expansion, we will increase PEM production capacity substantially and simultaneously reduce stack cost and improve stack efficiency.”
In 2022, Nel opened the world’s first fully automated alkaline electrolyzer plant in Herøya, Norway.
The company said it plans to further expand in the United States, as it seeks to increase its total production capacity to about 4 GW between PEM and alkaline electrolyzers.
“We are considering three attractive alternatives in three different states and will make a final decision shortly,” Volldal said.
