Stavanger, Norway – April 2025 – HydePoint AS, a Norwegian hydrogen systems innovator, has entered into a Memorandum of Understanding (MOU) with Nel Hydrogen, a leading provider of both PEM and Alkaline electrolyser technology. The agreement marks a significant step towards enabling scalable green hydrogen production in offshore, nearshore, and other harsh environments.
The collaboration will focus on the integration of Nel’s PEM electrolyser stacks into HydePoint’s modular hydrogen production systems. The aim is to co-develop robust configurations capable of delivering reliable performance under demanding conditions—supporting the deployment of renewable hydrogen at industrial scale.
Accelerating Renewable Integration and Driving Down Hydrogen Costs
This partnership supports the global expansion of renewable energy value chains by advancing the integration and optimization of hydrogen production alongside renewable power sources. By focusing on system efficiency, modularity, and operational resilience in offshore and nearshore environments, the collaboration aims to significantly improve the Levelized Cost of Hydrogen (LCOH)—unlocking the potential for large-scale clean hydrogen production and enabling decarbonization across key industries.
Elin Steinsland, CEO of HydePoint AS, commented:
“We’re proud to collaborate with Nel to accelerate the next generation of offshore and nearshore hydrogen production systems. This is a key milestone in making renewable hydrogen viable at scale and under harsh enviroment operating conditions.”
Todd Cartwright, Chief Commercial Officer at Nel Hydrogen , added:
“HydePoint brings a highly innovative approach to marine-based hydrogen systems. We see strong alignment between our PEM technology and HydePoint’s ambition to deliver resilient, modular solutions for the global clean energy transition.”
For more information contact:
HydePoint AS
Nils Magne Reilstad
Chief Commercial Officer
E: Nils.Magne.Reilstad@HydePoint.com
M: +47 93057850
NEL ASA
Wilhelm Flinder
Head of IR, Communications & Marketing
E: wilhelm.flinder@nelhydrogen.com
M : +47 936 11 350
About HydePoint AS
HydePoint is a Norwegian-based company developing scalable hydrogen production systems for dockside, nearshore, and offshore applications. With a focus on modularity, harsh-environment resilience, and renewable integration, HydePoint is enabling the next phase of green hydrogen production worldwide. The company is backed by strategic partnerships and industry leaders, including Kongsberg Group, Moreld, and Vergia (Swiss Life Asset Managers), each contributing with their unique expertise and resources to support HydePoint’s mission.
About Nel Hydrogen
Nel has a history tracing back to 1927 and is today a leading pure play hydrogen technology company with a global presence. The company specializes in electrolyser technology for production of renewable hydrogen, and hydrogen fueling equipment for road-going vehicles. Nel’s product offerings are key enablers for a green hydrogen economy, making it possible to decarbonize various industries such as transportation, refining, steel, and ammonia.