Nel Hydrogen Plans Massive Michigan Plant, Work with GM

URLhttps://www.mbtmag.com/business-intelligence/news/
SourceManufacturing Business Technology
Date Published05/04/2023
Author NameJennifer McDermott

Additional Reshoring Information:

Company/Division name Nel Hydrogen
Parent companyNel
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):500
Year reshoring announced:2023
Year reshoring implemented or to be implemented:2026
Capital investment ($):350
Country(ies) from which reshored:Norway
City reshored to:Detroit area
State(s) reshored to:MI
If relevant, work nearshored to:-
Industry(ies):Chemicals
Product(s) reshoredgreen hydrogen
What non-domestic negative factors made offshoring less attractive?Green considerations
What domestic positive factors made reshoring more attractive?Eco-system synergies, Govt. Policy and subsidies, Infrastructure, Lead time/Time to market, Proximity to customers/market, The Inflation Reduction Act
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