OTC:NLLSY

Nel ASA: Saipem presents solution for large-scale green hydrogen production, utilizing Nel's technology

OSLO, Norway, Oct. 2, 2024 /PRNewswire/ -- Nel ASA's (Nel) (OSE: NEL) EPC partner Saipem unveils IVHY™ 100, a scalable and modular 100 MW green hydrogen solution leveraging Nel's technology, advancing the decarbonization of hard-to-abate industries and renewable hydrogen production. The innovati...

2024-10-02 16:23 1515

Nel ASA: A fully dedicated electrolyser company

OSLO, Norway, June 12, 2024 /PRNewswire/ -- Nel ASA (Nel) (OSE: NEL). As of today, Nel is solely dedicated to developing and delivering world-class electrolysers to produce renewable hydrogen. "Nel has almost a century of experience developing electrolysers and has installed thousands of systems...

2024-06-12 16:07 1600

Nel ASA: Has signed a licensing agreement with Reliance

OSLO, Norway, May 21, 2024 /PRNewswire/ -- Nel Hydrogen Electrolyser AS, a fully owned subsidiary of Nel ASA(Nel),(OSE: NEL), has entered into a technology licensing agreement with Reliance Industries Limited (RIL). The agreement provides RIL with an exclusive license for Nel's alkaline electrol...

2024-05-21 21:12 2174

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...

2024-03-14 03:47 3084

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 ...

2024-03-14 02:04 3265

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...

2024-02-28 14:37 2765

Nel ASA: Receives purchase order for 10 MW of electrolyser equipment from Samsung C&T

OSLO, Norway, Jan. 19, 2024 /PRNewswire/ -- Nel Hydrogen Electrolyser AS, a subsidiary of Nel ASA (Nel), (OSE:NEL), has signed a contract for 10 MW of alkaline electrolyser equipment for aboutEUR 5 million with Samsung C&T Corporation Engineering & Construction Group ('Samsung C&T') for its first...

2024-01-19 16:29 1754

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. ...

2023-05-04 02:47 3793

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. ...

2022-11-16 14:52 2208

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...

2022-10-17 11:06 1436

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...

2021-11-25 17:03 3375

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...

2021-10-21 13:42 3673

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...

2021-09-24 15:29 3358

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...

2021-08-11 22:18 21876

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...

2021-06-22 15:12 7644

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 ...

2021-04-26 15:27 2411

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...

2021-04-09 15:37 5981

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...

2021-03-25 16:01 3640

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...

2021-02-18 14:59 5125

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...

2021-01-21 14:32 5642
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