NEL ASA (NLLSF) has released an update.
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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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