Everything About Hydrogen
Expansion and Versatility with Håkon Volldal, CEO of Nel
Sep 6, 2023
Håkon Volldal, CEO of Nel, discusses Nell's history in electrolyzer manufacturing, the impact of the Investment Tax Credit on the hydrogen industry, NEL's bold investments, building confidence and critical mass, and the role of export credit agencies in financing clean energy projects.
48:45
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Quick takeaways
- Nel focuses on both smaller and larger-scale projects to establish a market presence and drive down costs by achieving critical mass.
- Government support and incentives, particularly the Investment Tax Credit and market-driven funding in the US, play a crucial role in increasing demand for electrolyzers and promoting European technologies.
Deep dives
Nell's strategy for both small and large-scale projects
Nell's CEO, Hakon Voldal, discusses the company's approach of focusing on both smaller and larger-scale projects. While smaller projects serve as learning experiences and help establish a presence in the market, larger projects are needed to drive down costs and achieve critical mass. Hakon emphasizes the importance of having a mix of different electrolyzer technologies, such as alkaline and PEM, for different project configurations. He also highlights the need for the hydrogen industry to become more mature and the value of big projects in accelerating progress.
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