Top 2018-03-02 FC Expo Nel Final
Top 2018-03-02 FC Expo Nel Final
Top 2018-03-02 FC Expo Nel Final
Hydrogen Solution
-
Nel Hydrogen
2
Nel ASA
• Global, listed, pure-play hydrogen company – facilities in Norway, Denmark and the U.S.
• Significant foothold in fast-growing markets & a solid backlog
• World-leading on hydrogen electrolyzers and fueling equipment – unrivalled performance and track-record
• Complete range of products optimally positioned for large market opportunities
• Capable of delivering solutions to produce, store and distribute hydrogen from renewable energy – serving industry, energy
and gas companies
• >3500 hydrogen solutions delivered in ~80 countries world wide since 1927
Three business
segments
3
Significant increase in hydrogen market activities
• Total value of offers amounted to Historical, compound value of budget offers sent from Nel & Proton
0,0
2014 2015 2016 2017
4
Nel Hydrogen Electrolyser
Nel Hydrogen Electrolyser
Production and installation of water electrolysers for hydrogen production
• Unrivalled track-record with >3500 hydrogen solutions delivered in >80 countries world wide since 1927
• Scalable production capacity for industrial and energy/transport applications – small scale to large scale solutions
Containerized solutions Alkaline and PEM electrolyzers Large scale plant solutions
Up to 1000kg/day Scalable and modular Up to any capacity
5
Nel Hydrogen Fueling
Nel Hydrogen Fueling
Production of hydrogen fueling stations for cars, buses, trucks, forklifts and other applications
World’s largest
manufacturing
35MPa facility for
H2Stations®:
H2Station®
6
Opening of the first fueling with Nel-technology in Japan
Nel Hydrogen Fueling
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Nel Hydrogen Solutions
Nel Hydrogen Solutions
Utilizing market opportunities across the Nel group and offers complete solutions to customers
• Unified delivery of complex renewable hydrogen solutions, efficient system integration, project development and
sales across segments
8
Fossil parity
-
renewable hydrogen from electrolysis reaching a
tipping point
Global hydrogen market
General market update
10
Overall hydrogen market set to grow 10x by 2050
General market update
If high share of renewables, electrolysis market ... and an IEA study confirms the
can potentially grow >1000x... competitiveness of renewable hydrogen
11
Electrolysers outcompeting fossil alternatives
General market update
CapEx: Electrolysers from Nel - becoming OpEx: Renewable energy already enables
competitive with SMR fossil parity for hydrogen
$/kW
Offshore wind
4,9
6,0
Cost split of H2/Kg 7,3
1,8
3,0
Onshore wind
5,0
1,8
1,9
SMR – CapEx range
2,3
CapEx* OpEx**
2,6
Solar PV
5,4
2015 2020 2025
Large scale steam methane reformers 0,0 2,0 4,0 6,0 8,0
FOSSIL PARITY: FOSSIL PARITY: $c/kWh
Nel large scale alkaline electrolysis Source: Pareto Securities
INDUSTRY FUEL
EUR/USD: 1:1.2
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New markets, Power-To-X
General market update
POWER-TO-FUEL (TRANSPORT)
• Hydrogen from electrolysis will be
key in producing large quantities POWER-TO-POWER (ENERGY STORAGE)
of sustainable energy in various
forms H2 POWER-TO-LIQUID (BIOFUEL)
Power
POWER-TO-NH3 (GREEN AMMONIA)
• Ability to adapt to diverse and
intermittent renewable energy POWER-TO-CH3OH (GREEN METHANOL)
+ CO2
sources becoming increasingly
important POWER-TO-CH4 (GREEN METHANE)
+ CO2
POWER-TO-STEEL/TITANIUM (CO2 FREE)
POWER-TO-REFINERIES
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Project develop.: 400MW renewable H2 plant to outcompete natural gas reforming
General market update
15
Fossil parity in the transport sector achievable
General market update
Centralized production can use low cost RE and achieve high scale – Onsite prod. eliminates costs for distribution
Centralized vs Onsite depends on power availability and pricing in the specific market
<40 US$ | 5,500¥/MWh is needed for central production together with 50/70MPa trailers
5 US$ /kg
<40 US$/MWh
680 ¥/kg
<5500¥/MWh
16
Hydrogen is becoming relevant in all forms of transportation
General market update
hydrogen
solutions
17
Recent survey increases the importance of hydrogen as a fuel
General market update
KPMG Global Automotive Executive Survey is the compound input from 1000 executives from the automotive industry
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Project examples
Showcase Denmark
Project examples
Key facts:
• 100% of hydrogen from electrolysis
• 6 stations with onsite electrolysis
• 5 stations with centralized Nel electrolysis
• All stations approved by OEM’s
Renewable power:
2015: 42%
2035: 100%
20
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Supplying fueling stations to Shell in California
Project examples
35MPa
35MPa
2 MW PEM electrolysis Hydrogen storage Station module Dispensers
27
Fueling station for hydrogen trucks in Trondheim, Norway
Project examples
35MPa
35MPa
70MPa
Electrolyzer Hydrogen storage Station module Dispensers
27
Fueling station for buses and cars in Riga, Latvia
Project examples
35MPa
70 MPa
Reforming Hydrogen storage Station module Dispensers
27
Awarded contract for combined fueling solution in Estonia
Project examples
35MPa
35MPa
1 MW PEM electrolysis Hydrogen storage Station module Dispensers
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Hydrogen trains
Project examples
Exchanging diesel with hydrogen trains makes environmental and business sense
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Hydrogen ferry project
Project examples
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Hyon AS, a one-stop-shop for complete hydrogen energy solutions
Project examples
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Delivering mega-scale hydrogen fueling stations for Nikola
Project examples
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Nikola: 14 commercial stations – from 8 to 32 ton/day at each site
Project examples
8 ton/
day
32 ton/
day
32
Potential large scale energy storage project in Fredericia, Denmark
Project examples
33
World’s largest power-to-gas project planned for France
Project examples
• H2V PRODUCT (FR) will inject hydrogen into natural gas grid in France
• In dialogue with French government on incentive scheme to realise the
project
• Largest power-to-gas project in history
• 700 MW | 380 M$ project
• Direct injection of hydrogen and biogas in natural gas grid
• Design is ready & land secured
• Project phase during 2018 – 2025
• Location: Les Hauts and Normandie-regions in France
• Planning for significant expansion of electrolyser manufacturing
capacity
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How to maintain a leading cost
position
Evaluating 10x capacity increase to maintain leading cost position
How to maintain leading cost position
Scaling production capacity by 10x puts Nel in first-mover/pole position for next growth cycle
• Evaluating a total 10x capacity increase, from 25MW to Available Capacity Scaling Status
250MW 2017 25MW +15MW Completed
• Production capacity ramp-up reduces production cost 2018 40MW +210MW Preparing
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Number one by nature