NEL ASA ( (NLLSF) ) has provided an announcement.
Nel Hydrogen US, a subsidiary of Nel ASA, has secured a significant purchase order from Collins Aerospace worth approximately USD 6 million for PEM electrolyser stacks. These will be used by the U.S. Navy to produce oxygen for submarines, highlighting Nel’s robust manufacturing capabilities and the reliability of its technology. The order, part of a long-standing partnership, will see deliveries starting in late 2025, further cementing Nel’s position in the defense sector.
More about NEL ASA
Nel ASA is a leading hydrogen technology company with a global presence, specializing in electrolyser technology for renewable hydrogen production and hydrogen fueling equipment for vehicles. The company’s products are crucial for enabling a green hydrogen economy, aiding in the decarbonization of industries like transportation, refining, steel, and ammonia.
YTD Price Performance: 0.80%
Average Trading Volume: 39,530
Technical Sentiment Signal: Buy
Current Market Cap: $435.7M
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