Nel ASA: Receives contract for PEM electrolyser equipment

(Oslo, 25 October 2021) Nel Hydrogen US, a subsidiary of Nel ASA (Nel, OSE:NEL), has received a contract for PEM electrolyser equipment from a leading global fuel cell company.

Nel Hydrogen US has received a purchase order for PEM electrolyser equipment from an undisclosed, leading stationary fuel cell OEM. The purchase order has a value of approximately USD 2.6 million, and the equipment will be delivered between 2022 and 2024. Nel will also be providing design consulting services as part of the project.