Nel Hydrogen Electrolyser, a subsidiary of Nel, has secured up to EUR 135 million from the EU Innovation Fund to advance its pressurized alkaline technology. This funding will support the industrialization of their next-generation technology, aimed at enhancing the production of green hydrogen. The company's CEO expressed optimism about the impact of this technology, emphasizing how it will play a vital role in reducing the cost of green hydrogen. The award reflects a significant step towards sustainable energy solutions and signifies a positive outlook for the future of hydrogen technology. With a focus on innovation and cost reduction, Nel Hydrogen's advancement in electrolysis technology is poised to contribute to the ongoing shift towards cleaner energy sources.