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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: Adjusts capacity to market demand

    (January 13, 2025 - Oslo, Norway) Nel ASA (Nel, OSE:NEL) and its subsidiaries have initiated a process to adjust capacity to market demand by reducing the workforce and temporarily halting production at the Alkaline production facility in Herøya, Norway. The market for renewable hydrogen production technology has been slower than expected for the industry in general, including Nel. Order intake in 2023 and 2024 fell short of expectations, and several customer projects are significantly delayed or are at risk of being cancelled. In addition, Nel has initiated a process to retain control

    Nel ASA: Additional USD 29 million in tax credits for manufacturing expansion in Michigan

    (January 12, 2025 - Oslo, Norway) A subsidiary of Nel ASA (Nel, OSE:NEL) has been awarded up to about USD 29 million in additional investment tax credits for its planned manufacturing expansion in Michigan as part of the Qualifying Advanced Energy Project Tax Credit (48C) program. The 48C program is funded by the Inflation Reduction Act and managed by the US Department of Energy, the US Department of Treasury, and the Internal Revenue Service. A fully owned subsidiary of Nel ASA has now secured up to about USD 29 million in additional tax credits, equivalent to 30 % of the value of

    Nel ASA: Receives another 10 MW purchase order from Samsung C&T

    (December 3, 2024 - Oslo, Norway) Nel Hydrogen Electrolyser AS, a subsidiary of Nel ASA (Nel, OSE:NEL), has signed a new contract for 10 MW of alkaline electrolyser equipment for about EUR 5 million with Samsung C&T Corporation Engineering & Construction Group (‘Samsung C&T’) for its first pilot for nuclear connected (pink) hydrogen production plant. The first contract with Samsung C&T signed earlier this year was for an off-grid project based on solar power, while the client will now set up a demonstration plant to validate the commercial model for nuclear pink hydrogen. The aim is to

    Nel ASA: Awarded EUR 135 million in grants for industrialization of next-generation electrolyser technology in Norway

    (October 22, 2024 - Oslo, Norway) Nel Hydrogen Electrolyser AS, a fully owned subsidiary of Nel ASA (Nel, OSE:NEL), has today been awarded a grant from the EU Innovation Fund of up to EUR 135 million for industrialization of its next-generation pressurized alkaline technology. The technology is currently being prototyped, and the potential industrialization is planned at Herøya, Norway. “We continue to realize the full potential of our current technology at the same time as we develop future technologies to help our customers drive down the cost of green hydrogen. This grant will make it

    Nel ASA: Third quarter 2024 financial results

    (October 16, 2024 - Oslo, Norway) Nel ASA (Nel, OSE: NEL) reported revenues of NOK 366 million in the third quarter of 2024, up 21% from NOK 303 million in the same quarter last year. EBITDA in the quarter was NOK -90 million (Q3 2023: -62). The Alkaline segment contributed positively to Group EBITDA, but this was more than offset by the negative contribution from the PEM segment due to unusually low revenues in the quarter. Order intake was NOK 161 million (Q3 2023: 338 million). At the end of the quarter the order backlog was NOK 1 872 million, down 20% year-over-year. The cash balance

    Nel ASA: Invitation to Q3 2024 results presentation

    (October 9, 2024 – Oslo, Norway) Nel ASA (Nel, OSE:NEL) will publish its third quarter 2024 report on 16 October 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: Saipem presents solution for large-scale green hydrogen production, utilizing Nel’s technology

    (October 2, 2024 - Oslo, Norway) Nel ASA’s (Nel, OSE:NEL) EPC partner Saipem unveils IVHY™ 100, a scalable and modular 100 MW green hydrogen solution leveraging Nel’s technology, advancing the decarbonization of hard-to-abate industries and renewable hydrogen production. The innovative renewable hydrogen generation solution has been designed and industrialized to be scalable, modular, and to facilitate the installation and commissioning of large-scale systems. IVHY™ 100 is powered by Nel’s alkaline electrolysers, which have been tested in the market for decades, demonstrating world-class

    Nel ASA: Hy Stor Energy terminates the capacity reservation agreement for the Mississippi Clean Hydrogen Hub

    (September 30, 2024 - Oslo, Norway) Reference made to the stock exchange notice by Nel ASA (Nel, OSE:NEL) on April 26, 2024, where Nel and Hy Stor Energy signed a capacity reservation agreement for more than 1 GW of alkaline electrolyser equipment. Hy Stor Energy has now decided to terminate the agreement. In line with Nel’s accounting standards, the capacity reservation was not considered order intake, hence the cancellation will not impact the order backlog. Nel will retain the non-refundable capacity reservation fee. ENDS  For additional information, please contact:Kjell

    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 

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