Press Release: Nel proposed for a $ 2 million award on project regarding fueling of heavy-duty hydrogen vehicles
(Oslo, July 30 2019) Nel Hydrogen Inc, a subsidiary of Nel ASA (Nel, OSE:NEL), has been selected by the Department of Energy (DOE) for negotiations on $2 million funding for development of hydrogen compression technology for fueling of heavy duty vehicles. The proposed funding will be shared between Nel and Nikola Motor Company (Nikola). The purpose of the proposed project is to further develop hydrogen compression technology to better cater for heavy duty vehicles through greater capacity and cost reductions. Nel will collaborate with Nikola on the project, targeting the market