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Nel ASA

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Tiedotteet
25.11.
2020

(Oslo, November 25 2020) Nel ASA (Nel, OSE:NEL) has entered into an MoU with Everfuel A/S (Everfuel) which among other things involves Everfuel taking a majority stake in H2 Fuel Norway AS (H2Fuel), a fully owned company of Nel, and changing the name to Everfuel Norway Retail AS.

"Becoming part of Everfuel's activities in Norway is a natural next step for H2Fuel, and I look forward to continue leading the company's efforts in developing the hydrogen retail market in Norway," says Helge Skaarberg Holen, Managing Director of H2Fuel.

Tiedotteet
18.11.
2020

(Oslo, 18 November 2020) Nel Hydrogen Electrolyser, a division of Nel ASA (Nel, OSE:NEL), has today entered into a Memorandum of Understanding (MoU) with Iberdrola with the ambition to collaborate in the development of a green hydrogen production plant with the capacity of more than 200 MW in Spain by 2023. As part of this MoU, Iberdrola and Nel also plan to jointly develop a green hydrogen technology value chain in Spain.

Tiedotteet
18.11.
2020

(Oslo, 18 November 2020) Nel Hydrogen U.S., the U.S. subsidiary of Nel ASA (Nel, OSE:NEL), has received a purchase order for a 1.5 MW PEM electrolyser from a large industrial client in the US.

"We're happy to see that our megawatt-scale PEM platform continues to be the preferred choice for a number of large industrial players across the world, where 24/7 operations and high reliability is of utmost importance, and look forward to delivering it to a high profile project," says Tom Skoczylas, Regional Sales Manager in Nel Hydrogen Electrolyser.

Tiedotteet
13.11.
2020

(Oslo, 13 November 2020) Jon André Løkke, CEO of Nel ASA ("Nel") has today sold 700,634 shares in Nel at an average price of NOK 19.6486 per share. The shares were held both privately and through Ludens AS, a company 100% owned by Mr. Løkke, and the divesture is primarily related to the tax obligations following Nel's option program.

Following the transaction, Mr. Løkke holds 2,000,000 shares in Nel.

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.

ENDS

Tiedotteet
12.11.
2020

(Oslo, 12 November 2020) On 30 June 2020 Nel Hydrogen Fueling, a division of Nel ASA (Nel, OSE:NEL), received a purchase order for multiple H2Station™ units for fueling of light-duty vehicles in California from Iwatani Corporation of America, a wholly owned subsidiary of Iwatani Corporation (8088: Tokyo Stock Exchange).

Tiedotteet
10.11.
2020

(Oslo, 10 November 2020) Reference is made to the stock exchange announcement on 6 November 2020 regarding the issuance of shares in Nel ASA. The share capital increase pertaining to the issuance of the 354,000 new shares has now been registered with the Norwegian Register of Business Enterprises. The Company's new registered share capital is 281,559,497.60, divided into 1,407,797,488 shares, each with a par value of NOK 0.20.

ENDS

For further information, please contact:

Kjell Christian Bjørnsen, CFO, +47 917 02 097

Tiedotteet
9.11.
2020

(Oslo, 09 November, 2020) Nel Hydrogen U.S., the U.S. subsidiary of Nel ASA (Nel, OSE:NEL), has received purchase orders for PEM electrolyser cell stacks from Raytheon Technologies' Collins Aerospace Division, at a combined value of more than USD 5.4 million. Nel's electrolyser stacks produce critical life support oxygen for U.S. Navy crews on multiple classes of nuclear-powered submarines and are being delivered under an exclusive contract.

Tiedotteet
6.11.
2020

(Oslo, 6 November 2020) Nel ASA (the Company) today has resolved, in accordance with the authorization granted by the general meeting on 13 May 2020, to issue 354,000 new shares to fulfil the Company's obligations in the groupwide share option program comprising all employees in Nel fulfilling certain criteria, specified in the Company's annual report (note 6), thereby increasing the Company's share capital by NOK 70,800.

Tiedotteet
5.11.
2020

(Oslo, 5 November 2020) Nel ASA (Nel) invites investors, analysts and journalist to a Capital Markets Day on Thursday 21 January 2021.

Event: Nel Capital Markets Day 2021

Date: 21 January 2021 from 08:00 CET

Presenters: Nel management and external guests

The event will take place centrally located in Oslo, Norway, pending the Covid-19 situation, and will also be virtually available.

The full program and registration details will follow.

ENDS

For further information, please contact:

Jon André Løkke, CEO, Nel ASA, +47 907 44 949

Tiedotteet
5.11.
2020

(Oslo, 5 November 2020) Nel ASA (Nel) reported revenues of NOK 147.7 million in the third quarter of 2020, slightly down from NOK 148.9 million in the same quarter of 2019 and an EBITDA of negative NOK 42.1 million. The order backlog ended at approximately NOK 940 million and the company holds approximately NOK 2.5 billion in cash. Nel reiterates the strong long-term outlook. 

Nel ASA

Nel ASA

NEL ASA is a hydrogen company delivering optimal solutions to produce, store and distribute hydrogen from renewable energy. It serves industries, energy and gas companies with hydrogen technology. The company's hydrogen solutions cover the entire value chain from hydrogen production technologies to the manufacturing of hydrogen fueling stations, providing all fuel cell electric vehicles with the same fast fueling and long range as conventional vehicles. Its products include hydrogen electrolyser and among others. Geographically activities are functioned through the region of Norway.