Oslo - Delayed Quote • NOK Nel ASA (NEL.OL) Follow Compare 3.0390 -0.0030 (-0.10%) At close: December 20 at 4:25:36 PM GMT+1 All News Press Releases SEC Filings All SEC Filings Corporate Changes & Voting Matters Periodic Financial Reports Proxy Statements Tender Offer/Acquisition Reports Offering Registrations Nel ASA: Receives another 10 MW purchase order from Samsung C&T 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. Nel ASA: Awarded EUR 135 million in grants for industrialization of next-generation electrolyser technology in 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. Nel ASA: Third quarter 2024 financial results 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 Nel ASA: Saipem presents solution for large-scale green hydrogen production, utilizing Nel's technology 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. Nel ASA: A fully dedicated electrolyser company Nel ASA (Nel) (OSE: NEL). As of today, Nel is solely dedicated to developing and delivering world-class electrolysers to produce renewable hydrogen. Nel ASA: Receives purchase order from Alperia Greenpower SRL for hydrogen fueling equipment in Italy 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. Nel ASA: Has signed a licensing agreement with Reliance 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. Nel ASA: Hy Stor Energy places gigawatt capacity reservation for Mississippi Clean Hydrogen Hub OSLO, Norway, April 26, 2024 (GLOBE NEWSWIRE) -- Nel ASA (Nel, OSE:NEL) partners with Hy Stor Energy on the Mississippi Clean Hydrogen Hub (MCHH) and receives a capacity reservation for more than 1 gigawatt of alkaline electrolysers. “We are thrilled to partner with Hy Stor Energy on the Mississippi Clean Hydrogen Hub. This project can enable significant carbon emission reductions and leave in its wake a blueprint for successful, large-scale green hydrogen projects,” said Nel’s President and CEO Nel ASA: Nel and partners receive about USD 90 million in funding from DoE 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. Nel ASA: Receives additional USD 75 million in support for Michigan facility Nel ASA (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. Nel ASA: Exploring a spin-off and separate listing of the Fueling division 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. Nel ASA: Nel realigns relationship with Nikola and will support Fortescue on its 80 MW Phoenix Hydrogen Hub Nel ASA (Nel) (OSE: NEL) and Nikola have realigned their previous agreement, and at the same time Nel will become Fortescue's supplier for their 80 MW electrolyser, for a total consideration of about USD 20 million. Nel ASA: Receives purchase order for 10 MW of electrolyser equipment from Samsung C&T Nel Hydrogen Electrolyser AS, a subsidiary of Nel ASA (Nel), (OSE:NEL), has signed a 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 off-grid green hydrogen production project to be deployed in South Korea. Performance Overview Trailing total returns as of 12/20/2024, which may include dividends or other distributions. Benchmark is OBX Total Return Index Return NEL.OL OBX Total Return Index YTD -55.89% +9.51% 1-Year -57.66% +9.84% 3-Year -79.47% +24.90%