Nel ASA Signs Hydrasun Deal for European PEM Electrolyser Assembly
Oslo – September 15, 2026 -- Nel ASA (OSE: NEL) has signed a framework agreement with Hydrasun to build a dedicated European assembly and integration facility for its modular MC Series PEM electrolyser platform, adding capacity beyond its existing US operations.
Hydrasun will integrate balance-of-plant systems while Nel retains stack production in Connecticut
Under the agreement, Hydrasun will procure, integrate, and manufacture the balance of plant systems surrounding Nel's electrolyser stacks, delivering a fully integrated, containerized offering. Stack production remains at Nel's Wallingford, Connecticut facility in the US, with Hydrasun handling final assembly for European markets.