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Nel ASA Secures Key Order for Aberdeen Hydrogen Hub

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Nel ASA Secures Key Order for Aberdeen Hydrogen Hub

The latest announcement is out from NEL ASA ( (NLLSF) ).

Nel Hydrogen US, a subsidiary of Nel ASA, has secured a purchase order for a 2.5 MW containerized PEM unit for the Aberdeen Hydrogen Hub project in Scotland, a joint venture between bp and Aberdeen City Council. This project, awarded by Hydrasun, marks a significant milestone in the hydrogen market, enhancing the supply chain and showcasing the collaborative capabilities in delivering hydrogen solutions in the UK.

More about NEL ASA

Nel ASA is a leading hydrogen technology company with a global presence, specializing in electrolyser technology for the production of renewable hydrogen and hydrogen fueling equipment for vehicles. Their products support the decarbonization of industries such as transportation, refining, steel, and ammonia.

YTD Price Performance: 16.00%

Average Trading Volume: 39,103

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $519.1M

See more data about NLLSF stock on TipRanks’ Stock Analysis page.

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