Nel Hydrogen to build $400M hydrogen plant in Michigan, creating 500 jobs.

Norwegian company Nel Hydrogen will build a $400 million hydrogen technology facility in Michigan, which is expected to create 500 jobs. The facility will produce renewable hydrogen and will be the largest of its kind in the US. The state has offered Nel up to $10 million in business development program grants. The Michigan plant alone will have more electrolyzer capacity than all of Europe combined and will be one of the largest in the world. The Inflation Reduction Act passed last year included massive tax credits for companies to produce hydrogen from renewable sources.