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NEL ASA ( (NLLSF) ) has provided an announcement.
Nel Hydrogen US, a subsidiary of Nel ASA, has secured a repeat order worth about USD 7 million from Mesure Process, part of Synqo Energies, for containerized PEM electrolyser units for a European hydrogen project. The equipment will supply hydrogen refueling stations and industrial users, reinforcing Nel’s position in the growing market for modular, rapidly deployable green hydrogen solutions.
Mesure Process will act as EPC supplier for a consortium of owners, delivering a complete hydrogen refueling package that supports low-carbon mobility and industrial applications. The project, expected to be operational in 2027 and producing only renewable hydrogen, underlines both Mesure Process’s capabilities in integrated hydrogen infrastructure and the increasing commercial momentum of Nel’s MC platform in Europe.
The most recent analyst rating on (NLLSF) stock is a Hold with a NOK2.30 price target. To see the full list of analyst forecasts on NEL ASA stock, see the NLLSF Stock Forecast page.
More about NEL ASA
Nel ASA is a Norway-based pure-play hydrogen technology company with roots dating back to 1927 and a global presence. It specializes in PEM and alkaline electrolyser systems that produce renewable hydrogen, enabling decarbonization across sectors such as transportation, refining, steel and ammonia, and supporting the development of a green hydrogen economy.
Average Trading Volume: 4,485,459
Current Market Cap: NOK4.37B
For a thorough assessment of NLLSF stock, go to TipRanks’ Stock Analysis page.