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  • Nel ASA
    Karenslyst alle 20 0278 Oslo Norway
    +(47) 2324 8950
    +(47) 2324 8959
    http://www.nelhydrogen.com
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    Nel ASA: CEO share option program

    (July 17, 2024 - Oslo, Norway) Nel ASA has today granted 500,000 options under its long-term incentive (LTI) program for its CEO, Håkon Volldal. The strike price for the granted options is NOK 6.162, a premium of 10% over the closing share price on June 28, 2024, representing the two-year anniversary of his commencement date. The vesting period is three years and the options expired after five years. Reference made to the press release dated January 5, 2022, where today a total of 500,000 share options has been granted to Håkon Volldal in accordance with the company's LTI program for the

    Nel ASA: Second quarter 2024 financial results

    (July 17, 2024 - Oslo, Norway) Following the spin-off of its fueling division, Nel ASA (Nel, OSE: NEL) reported revenues from continuing operations of NOK 332 million in the second quarter of 2024, down 10% YoY from NOK 371 million for the corresponding divisions. Order intake was NOK 270 million, up 18% YoY from NOK 229 million. At the end of the quarter the order backlog was NOK 2 071 million, down 13% YoY. The cash balance was NOK 2 228 million at quarter end, impacted by the spin-off and separate listing of the Fueling division. As the fueling division was spun out and separately

    Nel ASA: Invitation to Q2 2024 results presentation

    (July 10, 2024 – Oslo, Norway) Nel ASA (Nel, OSE:NEL) will publish its second quarter 2024 report on 17 July 2024 at 07:00 CET, and host a presentation at 08:00 CET. The quarterly report and presentation will be made available on newsweb.no  and nelhydrogen.com . The presentation at 08:00 CET will be a virtual event, followed by a Q&A session. The live presentation can be accessed on the company’s website nelhydrogen.com/quarterly-presentation/ or by following this link 

    Nel ASA: Receives purchase order for electrolyser equipment

    (July 1, 2024 - Oslo, Norway) A subsidiary of Nel ASA (Nel, OSE:NEL), has received a follow-on equipment order of more than EUR 7 million for a European project. ENDS  For additional information, please contact:Kjell Christian Bjørnsen, CFO, +47 917 02 097Wilhelm Flinder, Head of Investor Relations, +47 936 11 350 About Nel ASA | www.nelhydrogen.comNel has a history tracing back to 1927 and is today a leading pure play hydrogen technology company with a global presence. The company specializes in Alkaline and PEM electrolyser technology for production of renewable hydrogen.

    Nel ASA: A fully dedicated electrolyser company

    (June 12, 2024 - Oslo, Norway) 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 around the world. Building on our unparalleled track record, we will, from now on, spend one hundred percent of our capacity and hydrogen know-how on developing and delivering the most reliable and energy-efficient electrolysers,” says Nel’s CEO, Håkon Volldal. Nel’s CEO says this on the same day Nel’s former

    Nel ASA: Ex. dividend in kind (1 share in Cavendish Hydrogen ASA per 50 shares in Nel ASA) today

    Issuer: Nel ASA Ex. date: June 10, 2024 Corporate action: Distribution of shares in Cavendish Hydrogen ASA ENDS For additional information, please refer to the stock exchange announcements by Nel ASA on June 6, 2024 or contact: Kjell Christian Bjørnsen, CFO, +47 917 02 097 Lars Nermoen, Head of Communications, +47 902 40 153 About Nel ASA | www.nelhydrogen.com Nel has a history tracing back to 1927 and is today a leading pure play hydrogen technology company with a global presence. The company specializes in electrolyser technology for production of renewable

    Cavendish Hydrogen ASA webcast invitation

    NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, HONG KONG OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE PUBLICATION, DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. (June 7, 2024 - Oslo, Norway) Reference is made to the stock exchange announcement by Nel ASA ("Nel", OSE: NEL) on June 6, 2024 regarding the contemplated distribution of up to 33,618,145 shares in Cavendish Hydrogen ASA ("Cavendish", OSE: CAVEN) as dividend in kind to the shareholders of Nel, and listing of the shares in

    Nel ASA: Key information relating to the distribution of shares in Cavendish Hydrogen ASA

    NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, HONG KONG OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE PUBLICATION, DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. (June 6, 2024 - Oslo, Norway) Reference is made to the stock exchange announcement by Nel ASA ("Nel", OSE: NEL) earlier today regarding the distribution of up to 33,618,145 shares in Cavendish Hydrogen ASA ("Cavendish", OSE: CAVEN) to the shareholders of Nel, and the contemplated listing of the shares in Cavendish ("Cavendish

    Distribution of shares in Cavendish Hydrogen ASA by Nel ASA

    NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, HONG KONG OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE PUBLICATION, DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. (June 6, 2024 - Oslo, Norway) Reference is made to the stock exchange announcement by Nel ASA ("Nel", OSE: NEL) on May 15, 2024 regarding the potential spin-off of Nel's Fueling division into Cavendish Hydrogen ASA ("Cavendish", OSE: CAVEN) and listing of Cavendish on the Oslo Stock Exchange, and completion of the internal

    Nel ASA: Cavendish Hydrogen ASA applies for admission to trading on the Oslo Stock Exchange – invitation to investor meetings

    NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, HONG KONG OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE PUBLICATION, DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. (May 31, 2024 - Oslo, Norway) Reference is made to the stock exchange announcements by Nel ASA (Nel, OSE: NEL) on February 28, and May 15, 2024 regarding the potential spin-off of Nel's Fueling division into a separate company, Cavendish Hydrogen ASA ("Cavendish"), and listing of Cavendish' shares on the Oslo Stock Exchange.

    Nel ASA: Receives purchase order from Alperia Greenpower SRL for hydrogen fueling equipment in Italy

    (Oslo, 30 May 2024) A subsidiary of Cavendish Hydrogen ASA, itself a subsidiary of Nel ASA (Nel, OSE: NEL) has received a purchase order from Alperia Greenpower SRL for hydrogen fueling equipment for one site to be used for light- and heavy-duty fuel cell electric vehicles in Bruneck, South Tyrol, Italy.“We are pleased to be chosen by Alperia to be the supplier of their first hydrogen fueling station. It will also be Nel’s first H2Station™ installation in Italy, and we are looking forward to deliver and demonstrate our performance and capabilities in this lighthouse project”, says Robert

    Nel ASA: Has signed a licensing agreement with Reliance

    (May 21, 2024 - Oslo, Norway) 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 electrolysers in India and also allows RIL to manufacture Nel’s alkaline electrolysers for captive purposes globally.“The signing of this agreement is a great milestone in Nel’s history. Reliance is an impressive company with enormous ambitions as a global producer of renewable hydrogen, and I am proud that they have

    Nel ASA: The potential new fueling company will be named Cavendish Hydrogen

    (May 15, 2024 - Oslo, Norway) Reference is made to the stock exchange announcement by Nel ASA (Nel, OSE: NEL) on 28 February 2024 regarding the potential spin-off of its Fueling division into a separate company and listing of this company on the Oslo Stock Exchange. The new company will be named Cavendish Hydrogen, a tribute to the English scientist Henry Cavendish, noted for the discovery of hydrogen.The purpose of the spin-off is to create two independent pure-play companies aiming to become market leaders in their respective fields. Furthermore, Nel is pleased to announce that the

    Nel ASA: First quarter 2024 financial results

    (April 17, 2024 - Oslo, Norway) Nel ASA (Nel, OSE:NEL) reported revenues of NOK 387 million in the first quarter of 2024, up 14% from NOK 341 million in the same quarter of 2023. Order intake was NOK 459 million, down 2% from NOK 467 million the previous year. At the end of the first quarter, the order backlog was NOK 2437 million, down 1% from the previous quarter. The cash balance was NOK 3 260 million at quarter end.Quarterly highlights · Nel ASA (Nel) reported revenue in the first quarter 2024 of NOK 387 million, up 14% from the first quarter 2023 (Q1 2023: 341). Revenue was

    Nel ASA: Invitation to Q1 2024 results presentation

    (April 10, 2024 – Oslo, Norway) Nel ASA (Nel, OSE:NEL) will publish its first quarter 2024 report on 17 April 2024 at 07:00 CET, and host a presentation at 08:00 CET.The quarterly report and presentation will be made available on newsweb.no  and nelhydrogen.com . The presentation at 08:00 CET will be a virtual event, followed by a Q&A session. The live presentation can be accessed on the company’s website nelhydrogen.com/quarterly-presentation/ or by following this link 

    Nel ASA: Additional USD 41 million in tax credits for manufacturing expansion in Michigan

    (April 4, 2024 - Oslo, Norway, Nel, OSE:NEL). Nel has been awarded up to USD 41 million in investment tax credits for its planned manufacturing expansion in Michigan as part of the Qualifying Advanced Energy Project Tax Credit (48C) program.“We continue to see strong support for our efforts to scale our US operations, both within advanced research and efficient manufacturing. The support now received increases the attractiveness of investing in expanding our capacity and capability in the US,” says Nel’s President and CEO, Håkon Volldal. The 48C program is funded by the Inflation

    Nel ASA: Nel and partners receive about USD 90 million in funding from DoE

    (March 13, 2024 - Oslo, Norway, Nel, OSE:NEL). Today, Nel and its partners received around 90 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&D programs will be undertaken by Nel.“We are thankful for the support from the Department of Energy, which will help accelerate our research and development while solving key challenges for the future of the hydrogen industry,” says Nel’s Vice President for Research and Development, Kathy Ayers. DoE has awarded funding

    Nel ASA: Receives additional USD 75 million in support for Michigan facility

    (March 13, 2024 - Oslo, Norway, Nel, OSE:NEL). The US Department of Energy (DOE) and the state of Michigan have awarded a collective USD 75 million in cash incentives and grants for Nel’s next electrolyser production facility in Michigan.“The support from the Department of Energy and the state of Michigan is crucial for realizing our factory, which will create new green industrial jobs and be a significant contribution to the energy transition,” says Nel’s President and CEO, Håkon Volldal. “It is encouraging to see the Department of Energy taking these strategic steps to stimulate a

    Nel ASA: Notice of Annual General Meeting 2024

    (March 1, 2024 – Oslo, Norway) Nel ASA (Nel, OSE: NEL) calls for its Annual General Meeting to be held as a digital event on 23 April 2024 at 15:00 (CET). Please find attached the convening notice, the proposal from the nomination committee for the annual general meeting, and the remuneration report. Relevant documents and link for registration are made available on www.nelhydrogen.com. The general meeting will be held as a digital event. Please log in at https://dnb.lumiagm.com/146240099 to participate. You will find a guide in the attachment describing in more detail how you as a

    Nel ASA: Employee share option program

    (February 29, 2024 - Oslo, Norway) Nel ASA (Nel, OSE:NEL) has today resolved to grant 1 650 000 options under its share option plan. The strike price is NOK 5.318, a premium of 8% over the highest of the closing share price on February 29, 2024 and the volume-weighted average price over the past 5 preceding trading days. The vesting time is 3 years and the options expire after 5 years. A total number of 1 650 000 share options were granted in the long-term incentive (LTI) program. Each option, when exercised, will give the right to acquire one share in the Company. The options are

    Nel ASA: Annual Report 2023

    (February 28, 2024 – Oslo, Norway) Nel ASA (Nel, OSE: NEL) has published its Annual Report for 2023. The report includes ESG reporting for the period. The report and related ESEF file is attached to this stock exchange notice and published on www.nelhydrogen.com. ENDS For additional information, please contact:Kjell Christian Bjørnsen, CFO, +47 917 02 097Wilhelm Flinder, Head of Investor Relations, +47 936 11 350 About Nel ASA | www.nelhydrogen.comNel is a global, dedicated hydrogen company, delivering optimal solutions to produce, store, and distribute hydrogen from

    Nel ASA: Fourth quarter and full year 2023 financial results

    (February 28, 2024 - Oslo, Norway) Nel ASA (Nel, OSE:NEL) reported revenues of NOK 1 773 million in 2023, up 78% from 2022. Fourth quarter 2023 revenues of NOK 534 million represented a 29% increase from NOK 414 million in fourth quarter 2022. EBITDA in the quarter came in at NOK -106 million, showing a steady improvement from previous quarters and proving that the business model scales. At the end of the fourth quarter, Nel’s order backlog was NOK 2 458 million, down 6% year-on-year. The cash balance was NOK 3 363 million at quarter end. Quarterly highlights · Nel ASA (Nel)

    Nel ASA: Exploring a spin-off and separate listing of the Fueling division

    (February 28, 2024 - Oslo, Norway) 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 respective fields. "We have seen limited synergies between the Fueling and Electrolyser divisions and believe each business will be better positioned to become market leaders in their respective fields by operating independently,” says Nel’s CEO, Håkon Volldal. One year ago, when Nel presented its fourth

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