Nel ASA: Regarding H2V power-to-gas project
(Oslo, 3 April 2018) Nel ASA (Nel, OSE: NEL) announced today the decision to halt further work under the agreement with H2V PRODUCT (“H2V”), as H2V has made limited progress and has been unable to secure project financing. Nel experiences a significant global interest for hydrogen solutions across industries and will deploy its resources on other high-value projects. The discontinuation of the H2V project will not affect the reported order backlog of Nel. “We are disappointed by the lack of progress and non-conclusive financing for the project, and we have therefore decided to utilize