EIB TO FUND INNOVATIVE FULL-SUPPLY CHAIN HYDROGEN BUS PROJECT IN DENMARK
January 1st, 2020
THE EUROPEAN Investment Bank (EIB) is planning to lend EUR19 million to Norwegian hydrogen specialist Nel ASA to fund the development in Denmark of large-scale production and distribution of green hydrogen to a Danish fleet of at least 200 hydrogen fuel-cell electric buses. The EIB loan would cover more than half the estimated EUR37 million cost of the project, which would see Oslo-based Nel work with Anglo-Dutch energy major Shell, which operates a refinery in Fredericia, in south-east Jutland. Shell would supply electricity to the project and would ultimately ...
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