Nel ASA: HyCC has cancelled the 40 MW purchase order due to market conditions
(December 12, 2023 - Oslo, Norway) Reference made to the announcement published February 6, 2023, where Nel Hydrogen Electrolyser AS, a subsidiary of Nel ASA (Nel, OSE:NEL), signed a 40 MW contract with HyCC. The client has postponed its H\2\eron project to being realised in 2028 at the earliest and has therefore cancelled the purchase order. The cancellation is in accordance with the initial agreement for this project where production was communicated to start in Q4 2025. Nel has not booked any revenue for the project, and the cancellation will have a negative backlog impact of about