Nel ASA: Second quarter 2018 financial results
(Oslo, 23 August 2018) Nel ASA (“Nel”) reported revenues of NOK 135.8 million in the second quarter of 2018, up from NOK 39.1 million in the corresponding quarter last year, and an adjusted EBITDA of NOK -8.8 million. The company announced the construction of the world’s largest electrolyzer manufacturing plant, fully automated and able to deliver the most efficient electrolyzes at a game changing price. The total development will have a name plate capacity of 360 MW/year, approximately ten times the current annual production capacity, and the new facility will accommodate the multi-billion