Nel ASA: Nel and partners receive about USD 90 million in funding from DoE
OSE-FILING OSLO, Norway, March 14, 2024 /PRNewswire/ -- Nel, (OSE:NEL). Today, Nel and its partners received around90 USD million from the Department of Energy (DoE) for seven research and development projects. Nel is the leading partner on one of the projects. About 10 % of the work under the R...
Nel ASA: Receives additional USD 75 million in support for Michigan facility
OSLO, Norway, March 14, 2024 /PRNewswire/ -- Nel ASA (Nel) (OSE: NEL) - The US Department of Energy (DOE) and the state ofMichigan have awarded a collective USD 75 million in cash incentives and grants for Nel's next electrolyser production facility inMichigan. "The support from the Department ...
Nel ASA: Exploring a spin-off and separate listing of the Fueling division
OSLO, Norway, Feb. 28, 2024 /PRNewswire/ -- Nel ASA (Nel) (OSE: NEL) has initiated a process to explore and prepare for a potential spin-off and separate listing of its Fueling division with the intention to create two independent pure-play companies aiming to become market leaders in their resp...
Nel plans gigafactory in Michigan
OSLO, Norway, May 4, 2023 /PRNewswire/ -- Today, Nel announced its plans to build a new automated gigawatt electrolyser manufacturing facility inMichigan. When fully developed, the facility will employ more than 500 people and be among the largest electrolyser manufacturing plants in the world. ...
Nel ASA: Nel and GM collaborate on cost competitive renewable hydrogen production
DETROIT and OSLO, Norway, Nov. 16, 2022 /PRNewswire/ -- Nel Hydrogen US, a subsidiary of Nel ASA (Nel) (OSE: NEL), has entered into a joint development agreement with General Motors(NYSE: GM) to help accelerate the industrialization of Nel's proton exchange membrane (PEM) electrolyser platform. ...
Nel ASA: Receives a NOK 600 million purchase order from Woodside Energy
OSLO, Norway, Oct. 17, 2022 /PRNewswire/ -- Nel Hydrogen Electrolyser AS, a subsidiary of Nel ASA (Nel, OSE:NEL), has entered into a contract for alkaline electrolyser equipment from Australian company Woodside Energy for its proposed hydrogen project, H2OK, inArdmore in the state of Oklahoma, US...
Nel ASA: Receives contract for containerized electrolyzer and hydrogen refueling equipment
OSLO, Norway, Feb. 4, 2022 /PRNewswire/ -- Nel Hydrogen US, a subsidiary of Nel ASA (Nel, OSE:NEL), has received a contract for a containerized PEM electrolyzer and light duty hydrogen fueling station package from a leading power and gas utility inthe United States. Nel Hydrogen US has received ...
Nel ASA: Receives purchase order for 20MW alkaline electrolyser from Ovako
OSLO, Norway, Nov. 25, 2021 /PRNewswire/ -- Nel Hydrogen Electrolyser AS, a division of Nel ASA(Nel, OSE: NEL), has received a purchase order for a 20MW alkaline water electrolyser from Ovako, a leading European manufacturer of engineering steel. The electrolyser will be installed at Ovako's exis...
Nel ASA: Third quarter 2021 financial results
OSLO, Norway, Oct. 21, 2021 /PRNewswire/ -- Nel ASA (Nel) reported all-time high revenues ofNOK 229.3 million in the third quarter of 2021, up 55% from NOK 147.7 million in the same quarter of 2020 and an EBITDA of negative NOK 113 million (Q3 2020: -42.1) incl. one-offs and ramp-up cost. This in...
Nel ASA: Receives purchase order for 5MW alkaline electrolyser
OSLO, Norway, Sept. 24, 2021 /PRNewswire/ -- Nel Hydrogen Electrolyser AS, a division ofNel ASA (Nel) (OSE: NEL), has received a purchase order for a 5MW alkaline water electrolyser from SGN, for the world's first 100% hydrogen-to-homes heating network on the east coast ofScotland. "Nel is honor...
Nel ASA: Invitation to presentation of Q2 2021 results
OSLO, Norway, Aug. 11, 2021 /PRNewswire/ -- Nel ASA will announce its second quarter 2021 report on Thursday 19 August at07:00 CET and will host a presentation at08:00 CET. The presentation will be held at H7-2, Haakon VIIs gate, Oslo at 08:00 CET. The presenter will be Jon André Løkke, CEO. The...
Nel ASA: Joins hydrogen initiative with leading players to enable fossil-free steel rolling/milling
OSLO, Norway, June 22, 2021 /PRNewswire/ -- Nel Hydrogen Electrolyser, a division ofNel ASA (Nel), (OSE: NEL), has entered into a collaboration for a fossil-free hydrogen facility in Hofors,Sweden, together with partners Ovako, Volvo, Hitachi ABB, and H2 Green Steel. The conversion to green hydro...
Nel ASA: Enters into framework agreement with Aibel
OSLO, Norway, April 26, 2021 /PRNewswire/ -- Nel ASA (Nel, OSE:NEL) has entered into a framework agreement with the major energy service company Aibel. The companies will leverage their capabilities to develop and deliver large scale, complex renewable hydrogen projects. "We are very excited to ...
Nel ASA: Enters into framework agreement with Wood
OSLO, Norway, April 9, 2021 /PRNewswire/ -- Nel ASA (Nel, OSE:NEL) has entered into a framework agreement with the global consulting and engineering company Wood (LSE: JOHN). The companies will collaborate to develop and execute large scale, complex green renewable hydrogen projects in select reg...
Nel ASA: Signs MoU with Haldor Topsoe for delivery of end-to-end green ammonia and methanol solutions
OSLO, Norway, March 25, 2021 /PRNewswire/ -- Nel ASA (Nel, OSE: NEL) has entered into an MoU with Haldor Topsoe with the intent to offer customers end-to-end green ammonia and methanol solutions, based on globally leading technologies from the two companies. "We are very excited to join forces w...
Nel ASA: Fourth quarter 2020 financial results
OSLO, Norway, Feb. 18, 2021 /PRNewswire/ -- Nel ASA (Nel) reported revenues of NOK 229.1 million in the fourth quarter of 2020, up from NOK 175.9 million in the same quarter of 2019 and an EBITDA of negativeNOK 96.2 million (Q4 2019: -41.7) incl. one-offs, ramp-up cost and aNOK 20 million provisi...
Nel CMD 2021: Launches 1.5 USD/kg target for green renewable hydrogen to outcompete fossil alternatives
OSLO, Norway, Jan. 21, 2021 /PRNewswire/ -- Nel ASA (Nel, OSE: NEL) today hosts the Nel Capital Markets Day 2021, outlining the target of producing green hydrogen atUSD 1.5 per kilo* by 2025, to outcompete fossil alternatives. Cost reductions through scale-up of production to multi-GW scale, grow...
Nel ASA: Enters into MoU with Iberdrola to develop large scale green hydrogen project and the hydrogen technology value chain in Spain
OSLO, Norway, Nov. 19, 2020 /PRNewswire/ -- Nel Hydrogen Electrolyser, a division of Nel ASA (Nel, OSE:NEL), has today entered into a Memorandum of Understanding (MoU) with Iberdrola with the ambition to collaborate in the development of a green hydrogen production plant with the capacity of more...
Nel ASA: Received purchase order for a 1.5 MW PEM electrolyser in the US
OSLO, Norway, Nov. 18, 2020 /PRNewswire/ -- Nel Hydrogen U.S., the U.S. subsidiary of Nel ASA (Nel, OSE:NEL), has received a purchase order for a 1.5 MW PEM electrolyser from a large industrial client in the US. "We're happy to see that our megawatt-scale PEM platform continues to be the preferr...
Nel ASA: Reference is made to stock exchange announcement regarding contract for multiple hydrogen fueling stations
OSLO, Norway, Nov. 12, 2020 /PRNewswire/ -- On 30 June 2020 Nel Hydrogen Fueling, a division of Nel ASA (Nel, OSE:NEL), received a purchase order for multiple H2Station™ units for fueling of light-duty vehicles inCalifornia from Iwatani Corporation of America, a wholly owned subsidiary of Iwatani...
