Company/Division name | Nel Hydrogen |
Parent company | Nel |
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) reshored | green 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 |