hydrogen just another fuel · aarhus vejle copenhagen kolding korsør h2station® copenhagen...

Hydrogen Just another fuel

Martin Borum Pedersen

Financial Director

December 2017

Nel ASA

• Global pure-play hydrogen company – facilities in Norway, Denmark and the U.S.

• >3500 hydrogen solutions delivered in ~80 countries world wide since 1927

• 200+ employees (Hydrogen Pioneers)

Hydrogen Electrolysers Hydrogen Fueling Hydrogen Solutions

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CONFIDENTIAL © 2017 Nel Hydrogen | www.nelhydrogen.com

Solar Grid Wind

Nel Hydrogen Electrolysers – small to large scale

Small scale turn-key modulesUp to 600kg/day

TURNKEY ELECTROLYSER SOLUTION

Large scale plant solutionsUp to any capacity size

TAILORED ELECTROLYSER SOLUTION

Station Module DispenserHydrogen Fueling

storage

Hydrogen supply

storage

H2Station®

• Compact, flexible and reliable

• Designed for volume manufacturing for EU & USA

Fueling station modules

70MPa

35MPa

35MPa

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Have started production of H2Stations in our new plant

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• Production moved into the new facility over the summer

• Started production of first US stations mid-August

Why now?

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• Renewable electricity is becoming competitive = cheap Hydrogen

• Hyundai, Toyota and Honda have already started FCEV sales & lease in California.

• Hydrogen cars are available and affordable

• High global focus on zero-emission transportation

From 2017

Learn more at: www.toyota.com/fuelcell or www.hyundaiusa.com/tucsonfuelcell or http://automobiles.honda.com/clarity

$499/month lease(incl. hydrogen)



http://www.toyota.com/fuelcell

http://www.hyundaiusa.com/tucsonfuelcell

http://automobiles.honda.com/clarity

Record range and low cost achieved

• Range of >800 km

• Improvements from last generation:

• ~20% lighter fuel cell, ~10 % more efficient

• ~30% higher effect density

• >60% total (tank-to-wheel) efficiency

• Commercial launch in 2018

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Hyundai 2018 model FCEV: >800 km range (NEDC)

Initial production capacity of 3,000 vehicles annually

Toyota fuel cell concept vehicle Fine-Comfort Ride with

targeted >1000 km range

• Toyota targets 1,000 km range

• Includes artificial intelligence and automated

driving features

• Japan plans to increase the number of fuel-

cell vehicles to 40,000 by 2020, up from

today’s 2,200


Aalborg

Holstebro

Esbjerg

Aarhus

Vejle

Copenhagen

KoldingKorsør

H2Station®

Copenhagen Hydrogen Network A/S

Danish Hydrogen Fuel A/S 50%

1%

First country wide network in daily operation

• 10 stations in operation

• 50% of population within 15 km to nearest station.

• Having a network increases interest to introduce new FCEV’s

Collaboration with leading oil, energy and gas companies

• 6 stations with onsite electrolysis production.

• 4 stations with central production from Nel electrolyser.

Nel Electrolyser

Renewable power:

2015: 42%

2035: 100%

Showcase Denmark: First countrywide network


DENMARK2011-2016

NORWAY2016-2020

ICELAND2018-2020

10 H2Station® and

Hydrogen production

Up to 20 H2Station® and

Hydrogen production3 H2Station® and

Hydrogen production

CALIFORNIA2018-2019

Multiple H2Station® in San

Francisco and Los Angeles

H2Station® – Network roll-outs


H2Station® installed – Just as another fuel

Oslo, Norway – opened Nov. 2016 Rostock, Germany – installed Dec. 2016

Shell agreement

• Nel has contract with Shell for supply, construction and

maintenance of hydrogen stations San Francisco CA

• 14 H2Station® modules for 7 sites expected to be installed in

2018 and into 2019

• Shell has issued a request for information for additional 100

hydrogen stations to California

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Shell hydrogen stations in Northern CA

Initiatives from Shell in California


Targets & strategy for competitiveness 2020+ | Fueling CAR

Targets: Electrolyser and H2Station® turnkey price to be reduced to enable fossil parity.

Strategy: Forward pricing on Electrolyser and H2Station® for customers committing to high volume.

Electrolysis Distribution DispensingRenewables

$30/MWh <$7/kg$3,6/kg $1,2/kg $1,5/kg $0,7/kg + + + =

Margin Fossil parity

€40/MWh <€10/kg€4,4/kg €1,4/kg €3,2/kg €1,0/kg + + + =

$2,95/gallon gasoline

€1,17/liter gasolineexcl. VAT

53% electrolyser utilization (off-grid). 80% hose utilization.10 year depreciation. 10% profit at pump.

70% electrolyser and hose utilization.

10 year depreciation. 10% profit at pump.

Pollution – Public health – Fuel Cell busses

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Hydrogen Fuel Cell buses are environmentally-friendly vehicles for public transport: they generate no

emissions and have a reduced noise level.

1 FC bus will remove particles from 2 diesel trucks. Refueling in 5-10 minutes. Range >400km


H2Station® for bus fueling in Latvia

● Bus depo facility in Riga, Latvia

● Onsite reforming of natural gas.

● H2Station® for busses and cars.

● 70MPa: 200kg in 12 hours

● 35MPa: 300kg in 5 hours

● 10 busses and 10 trams

● Delivery: 2017

High capacity station for 20 busses – includes dispenser for car fueling

70MPa

35MPa

Hydrogen storage Station module DispensersReforming


H2Station® installation in Riga


H2Station® for bus fueling in Palm Springs (CA)

● Sunline facility in Palm Springs, California

● First integration Nel/Proton product offering

● 2MW PEM Electrolyser

● Two H2Station® for bus refueling

● Delivery: 2018

High capacity station for +25 busses

35MPa

Hydrogen storage Station module Dispensers

35MPa

PEM Electrolyser

Number one by nature

A 12m hydrogen city bus is competitivewith diesel, when it reaches:

350.000€ sales price

0,35c€/km in O&M

5€/kg Hydrogen


Price of Fuel Cell bus - Learning curve

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200

400

600

800

1.000

1.200

1 10 100 1000 10000 100000

Bu

s P

ric

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10

00

EU

R

Cumulative Bus Shipments

Experience CurveFuel Cell Transit Bus

CHIC3EMotion

JIVEJIVE2

H2BUS

1000 busses

CHINA

20.000

busses

• From the first projects the price has come

down with every new demonstration project

• ~15% cost reduction from every doubling of

accumulated shipment (learning curve)

• Volume will drive down cost further.

• 1.000 busses needed to make last step to

make Fuel Cell busses commercial.

• At 20.000 busses FCV will compete with

current diesel bus cost. Room for tax on H2

fuel.

• *CHIC: http://chic-project.eu/

• *3Emotion: http://www.3emotion.eu/

• *JIVE: http://www.fch.europa.eu/project/joint-initiative-hydrogen-vehicles-across-europe

• *JIVE2: Upcomming

http://chic-project.eu/

http://www.3emotion.eu/

http://www.fch.europa.eu/project/joint-initiative-hydrogen-vehicles-across-europe

● Potential project of ~20 MW electrolysis

● Renewable hydrogen for multiple purposes:

• Replace fossil hydrogen used in refinery process

• Energy storage and power generation

• Hydrogen used directly for transportation purposes, fuel cell electric

busses and cars (FCEV’s)

● Other value streams:

• Oxygen used locally within refinery

• Heat used for city district heating

● Developed solution relevant in many other oil refineries

across the globe

Multi-value stream project in Denmark = cheap H2

Potential large scale energy storage project in Fredericia, Denmark

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Shell oil refinery in Fredericia, Denmark

Number one by nature

H2Bus Europe partnership1000 Fuel cell busses can be made TCO

competitive with Diesel!

100 busses in 10 European cities.

Who want’s to join?

Think big - Project development: 400MW renewable H2 plant

• GIGA factory concept for renewable hydrogen production

• Largest electrolyser plant ever designed

• Tied to renewable power

• Hydrogen possible in steel production

• Competitive with natural gas reforming

• 98-99% of today’s hydrogen is based on

fossil fuels.

Hyon – Joint Venture – One stop hydrogen shop

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Green Hydrogen for US trucking industry:

● NEL provide Engineering, Electrolysis, Fueling equipment, and Services.

● Station design:

First: 2 demo stations by 2018

Hereafter: 14 stations with 8 Ton/day capacity, scalable to 32 Ton/day

● Leasing of Nikola truck incl. fuel, cheaper than diesel truck.

NIKOLA – NEL agreement

H2Station for Nikola Motor – changing the trucking industry in the United States

Hydrogen – Just another fuel

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hydrogen just another fuel · aarhus vejle copenhagen kolding korsør h2station® copenhagen...

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