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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.

Aberdeen facility upgrade backed by Scottish Government's Just Transition Fund

Hydrasun will invest in and upgrade its Aberdeen facilities, supported by the Scottish Government's Just Transition Fund, to create Scotland's first electrolyser assembly and integration facility. James Gaskell, Chief Executive at Hydrasun, said the project builds on the company's 50-year history in fluid transfer, power and control solutions, and clean energy for the energy industry.

Project expected to create up to 12 new jobs and safeguard 11 existing roles

Hydrasun has stated the initiative has the potential to create up to 12 new jobs while safeguarding a further 11 existing roles, contributing to skills development and supply chain activity in Aberdeen's energy sector.

Nel gains manufacturing flexibility as demand grows for standardized electrolysers

Tushar Ghuwalewala, SVP PEM Operations at Nel, said the collaboration enhances the company's ability to serve key markets while creating greater flexibility and scalability across its production network. The partnership brings production capabilities closer to European growth markets and strengthens Nel's supply chain resilience amid rising demand for standardized, modular electrolyser systems.

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