On 30 June 2020 Nel Hydrogen Fueling, a division of Nel ASA (Nel, OSE:NEL), received a purchase order for multiple H2Station™ units for fueling of light-duty vehicles in California from Iwatani Corporation of America, a wholly owned subsidiary of Iwatani Corporation (8088: Tokyo Stock Exchange).
"We are very honored that Iwatani and Toyota have selected our H2Station™ hydrogen fueling station solutions for strengthening the hydrogen infrastructure in Southern California. The stations will serve existing as well as new fuel cell electric vehicles, such as the next generation Toyota Mirai, with zero-emission fuel, at the same convenience as conventional fuels. With our Nel Inc. entity currently based in the San Francisco area we now look forward to expanding our business in California and supporting Iwatani," says Ulrik Torp Svendsen, Key Account Manager, Nel Hydrogen Fueling.
The value of the purchase order was in excess of NOK 150 million, and included 14 H2Station™ modules which will be installed in 2021 on 7 sites in California, US for fueling of passenger vehicles.
Key data points: The growth forecast is 20.2% annually for the next 7 years. Scroll below to get more insights. This market report covers trends, opportunities, and forecasts in the industrial hydrogen fuel cell system market to 2031 by type (proton exchange membrane fuel cell, phosphoric acid fuel cell, solid oxide fuel cell, molten carbonate fuel cell, and others), application (transportation, stationary power generator, steel industrial processes, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)
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