Norwegian fuel cell manufacturer Nel ASA has been granted $75 million in cash incentives and grants toward building an electrolyzer production facility in Michigan, reports Yahoo! Finance.
With $50 million coming from the U.S. Department of Energy (DOE) and another $25 million from Michigan, Nel ASA will manufacture its next-generation electrolyzer technologies, PEM stacks (which are currently being produced in partnership with GM), and pressurized alkaline stacks for hydrogen production. The facility is expected to create 500 jobs in Michigan and have an annual production capacity of 4 GW.
With the funds from DOE and Michigan, Nel will increase production capacity for its domestic electrolyzer manufacturing, build a clean hydrogen value chain, and develop a manufacturing training program. Additionally, the investment brings with it partnerships with General Motors, Macomb Community College, and Wayne State University's College of Engineering.
Though Nal is watching to see where market demand for the technology goes before making a final investment decision, President and CEO Håkon Volldal said that the funds allocated to them will help the company with commercializing its products.
