Nel ASA’s Agreement with Hy Stor Energy Terminated

NEL ASA (NLLSF) has released an update.

Norwegian hydrogen technology company Nel ASA announced the termination of their agreement with Hy Stor Energy for over 1 GW of electrolyser equipment. Nel confirms the termination will not affect their order backlog as the reservation was not counted as order intake, and they will keep the non-refundable capacity reservation fee. The company, established in 1927, is a key player in promoting a green hydrogen economy with its Alkaline and PEM electrolyser technologies.

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