Topsoe, a global leader in carbon emission reduction technologies, has chosen NER, a provider of technology performance insurance, as the preferred insurance partner for Topsoe’s SOEC hydrogen electrolyzer products.
The partnership follows NER’s completion of detailed technical due diligence of Topsoe’s SOEC electrolyzer technology and enables Topsoe’s customers to deploy NER’s technology performance insurance on projects using SOEC technology– enhancing bankability and enabling a lower cost of capital. The completion of technical due diligence streamlines the offering of performance insurance to eligible projects, who can benefit from improved timelines and increased certainty of financing success.
Topsoe has made significant progress in the development of its SOEC technology having completed the construction of its first SOEC factory in Herning, Denmark. The factory has started production with a view to begin commercial supply in Q1 2025.
To improve overall cost curve for SOEC deployment, Topsoe is also collaborating with ABB and Fluor, as the parties in June 2024 entered into an alliance to use learnings taken from construction of the Herning factory to build its next factory more efficiently and through a standardized concept.
Photo of Topsoe
Press release https://tinyurl.com/3f2z4r26
