Proton Energy Systems, Inc. d/b/a Nel Hydrogen US (48C Self-Disclosed)

Nel will build three production lines 1.5 GW of total annual electrolyzer production. Each 500 MW line is a production module that can be replicated, as required, to meet business objectives and increase the facility output. This project is expected to reduce the cost of electrolyzers through a fully automated production and contribute to establish the U.S. as the leader in the production of low-cost, high volume, durable, and efficient electrolyzers.

The U.S. Department of Energy (DOE) released applicant self-disclosed information for 22 projects across 17 states that voluntarily shared with DOE that they received a total of nearly $1 billion in allocations from the Qualifying Advanced Energy Project Credit (48C). Nine of the self-disclosed projects indicated they are located in 48C energy communities – communities with closed coal mines or coal plants—showcasing the Biden Administration’s commitment to investing in America’s energy communities.