STOCK TITAN

Nel ASA: Receives purchase order for an H2Station™ from Everfuel

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Nel Hydrogen Fueling, a subsidiary of Nel ASA, has secured a purchase order from Everfuel Europe A/S for an H2Station™ hydrogen fueling station in the Netherlands. The station will support zero-emission hydrogen buses and is valued at approximately EUR 1.6 million. It is expected to be operational by the end of 2021. This marks the second order from Everfuel, underscoring the growing demand for green hydrogen solutions across Europe.

Positive
  • Secured a purchase order valued at EUR 1.6 million.
  • Second purchase order from Everfuel, indicating strong demand.
  • Supports the deployment of zero-emission hydrogen buses in the Netherlands.
Negative
  • None.

OSLO, Norway, Oct. 5, 2020 /PRNewswire/ -- Nel Hydrogen Fueling, a subsidiary of Nel ASA (Nel, OSE: NEL) has received a purchase order from Everfuel Europe A/S (Everfuel) for an H2Station™ hydrogen fueling station which will be used to fuel zero emission hydrogen buses in the Netherlands.

"We are delighted to get our second purchase order for an H2Station™ fueling solution from Everfuel. The station is our latest generation which is developed for fast refueling of heavy-duty vehicles, such as buses and trucks, and we're proud to support Everfuel in succeeding with their ambitions of making green hydrogen affordable and widely available across Europe", says Jens Egholt, Senior Director Global Sales of Nel Hydrogen Fueling.

The value of the purchase order is around EUR 1.6 million, and the station is scheduled to be operational by end of 2021.

For further information, please contact:

Jon André Løkke, CEO, +47 907 44 949

Bjørn Simonsen, VP Investor Relations & Corporate Communication, +47 971 79 821

About Nel ASA | www.nelhydrogen.com

Nel is a global, dedicated hydrogen company, delivering optimal solutions to produce, store, and distribute hydrogen from renewable energy. We serve industries, energy, and gas companies with leading hydrogen technology. Our roots date back to 1927, and since then, we have had a proud history of development and continuous improvement of hydrogen technologies. Today, our solutions cover the entire value chain: from hydrogen production technologies to hydrogen fueling stations, enabling industries to transition to green hydrogen, and providing fuel cell electric vehicles with the same fast fueling and long range as fossil-fueled vehicles - without the emissions.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/nel-asa/r/nel-asa--receives-purchase-order-for-an-h2station--from-everfuel,c3210469

The following files are available for download:

https://mb.cision.com/Main/115/3210469/1314944.pdf

Release

Cision View original content:http://www.prnewswire.com/news-releases/nel-asa-receives-purchase-order-for-an-h2station-from-everfuel-301145495.html

SOURCE NEL ASA

FAQ

What is the recent purchase order Nel ASA received?

Nel ASA has received a purchase order for an H2Station™ hydrogen fueling station from Everfuel Europe A/S.

How much is the purchase order from Everfuel worth?

The purchase order is valued at approximately EUR 1.6 million.

When is the H2Station™ expected to be operational?

The H2Station™ is scheduled to be operational by the end of 2021.

What will the H2Station™ be used for?

The H2Station™ will be used to fuel zero-emission hydrogen buses.

How does this purchase order impact Nel ASA's business?

This order signifies ongoing demand for Nel ASA's hydrogen fueling solutions, enhancing its market position in green hydrogen.

NEL ASA UNSP/ADR

OTC:NLLSY

NLLSY Rankings

NLLSY Latest News

NLLSY Stock Data

545.83M
1.62B
Specialty Industrial Machinery
Industrials
Link
United States of America
Oslo