Nel ASA partners with Hy Stor Energy on the Mississippi Clean Hydrogen Hub (MCHH) and receives a capacity reservation for more than 1 gigawatt (GW) of alkaline electrolyzers.

“We are thrilled to partner with Hy Stor Energy on the Mississippi Clean Hydrogen Hub. This project can enable significant carbon emission reductions and leave in its wake a blueprint for successful, large-scale green H₂ projects,” said Nel’s President and CEO, Håkon Volldal.

As Hy Stor Energy’s exclusive electrolyzer partner for phase one of the MCHH, Nel will provide alkaline and PEM technology at scale and contribute with its hydrogen expertise and experience. The parties signed a front-end engineering design (FEED) contract in December, and Hy Stor Energy has now entered into a capacity reservation agreement with Nel to secure more than 1 GW of alkaline electrolyzer capacity for the project. Pending final investment decision, electrode production at Nel’s state-of-the-art plant at Herøya, Norway is expected to run through 2025, 2026, and the first part of 2027. In line with Nel’s accounting standards, the capacity reservation will not be considered as order intake or backlog until a firm purchase order has been received.

“Without ambitious pioneers, decarbonization at scale will not happen. Pioneers aim to do today what most people say can’t be done in years. To me, Hy Stor Energy is such a bold pioneer, and it makes me proud that the company has chosen Nel as its electrolyzer partner on this game-changing project,” said Volldal.

The Mississippi Clean Hydrogen Hub project will be the largest zero-carbon, off-grid H₂ production and salt cavern storage hub in the U.S. With extensive storage and expansion capabilities, the MCHH project will help drive the growth of the domestic and global H₂ economy to accelerate renewable H₂ adoption at scale. Under a previously announced and recently extended exclusive Letter of Intent (LoI), Hy Stor Energy has agreed to supply zero-carbon renewable H₂ from the MCHH in a direct offtake partnership to support production of green steel in the U.S. Schneider Electric has also entered into an LoI with Hy Stor Energy under which it will exclusively provide automation, electrical, and digital energy management solutions to be incorporated into the MCHH.

“Nel Hydrogen has proven electrolyzer technologies and an automated manufacturing capability that fit perfectly with Hy Stor Energy’s plans to produce and deliver green H₂ reliably and cost-effectively,” said Laura L. Luce, CEO and Founder of Hy Stor Energy.

“Trailblazing the development of the green H₂ economy will require innovation and collaboration among industry first movers, and Hy Stor Energy is leading the charge in the production, storage and delivery of green H₂ for emission-free manufacturing, transportation, and energy solutions. By pairing Nel’s technology with the Mississippi Clean Hydrogen Hub project, we're ready to deliver tangible results for our customers,” Luce added.