Nel Hydrogen Solutions, a division of Nel ASA, has entered the hydrogen (H2) market in Iceland after establishing a joint venture with major Icelandic oil retail company Skeljunger HF.
Dubbed Icelandic Hydrogen, the collaboration aims to form a network of H2 fuelling stations and renewable H2 production across the European country. Skeljunger and Nel own 90% and 10%, respectively.
The joint venture’s first project will see the Norway-based business deliver three H2Station® H2 fuelling stations and a NEL C-series electrolyser in a deal worth €4m ($4.2m).
Initially, Icelandic Hydrogen will establish these three H2 fuelling stations which will be connected to central renewable H2 electrolysis production. It is understood that this is the first step in the continuous, long-term expansion of the network along with fuel cell electric vehicle (FCEV) deployments to meet growing H2 fuel demand.
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