Press releases

(Oslo, September 5, 2018) Nel ASA (“Nel”) today announced that it has invested USD 5 million into Nikola Motor Company (“Nikola”) as part of their C-round financing. On August 6, 2018, Nikola announced that they had secured USD 100 million investment (pre-money valuation of USD 1.1 billion) in the current C-round and that the process…

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES OR ANYOTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. Nel ASA: Commencement of the Subsequent Offering (Oslo, 5…

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES OR ANYOTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. Nel ASA: Prospectus approval (Oslo, 4 September 2018) Reference…

(Oslo, 23 August 2018) Nel ASA (“Nel”) reported revenues of NOK 135.8 million in the second quarter of 2018, up from NOK 39.1 million in the corresponding quarter last year, and an adjusted EBITDA of NOK -8.8 million. The company announced the construction of the world’s largest electrolyzer manufacturing plant, fully automated and able to…

(Oslo, 22 August 2018) Nel ASA (“Nel”) today announces the construction of the world’s largest electrolyzer plant, fully automated and able to deliver the most efficient electrolyzers at a game changing cost. The total development will have a name plate capacity of 360 MW/year, approximately ten times the current annual production capacity, and the new…

(Oslo, 15 August 2018) Nel ASA (Nel) will announce its second quarter 2018 report on Thursday 23 August at 07:00 CET and will host an open presentation at 08:00 CET.  Location: Hotel Continental, Oslo, Norway Time: 23 August 2018 at 08:00 CET Presenter: Jon André Løkke, CEO Nel ASA Language: English  The presentation will be…

(Oslo, 6 July 2018) Nel ASA (OSE: NEL), has been granted just over NOK 7.5 million in funding through “Brintpuljen” for establishment of hydrogen refueling stations in Sønderborg and Herning. “Denmark holds a unique position with regards to hydrogen infrastructure. Through the funding of “Brintpuljen” this position will be strengthened even further. The new station…

(Oslo, 5 July 2018) David Bow, VP Sales and Marketing in Nel (the “Company”), has today sold 666,342 shares in the Company at NOK 3.176 per share. The shares sold are from exercised share options granted as part of the acquisition price of Proton Energy Systems, Inc. one year ago (30 June 2017). Following this…

The share capital increase pertaining to the issuance of these shares has now been registered with the Norwegian Register of Business Enterprises. The Company’s new registered share capital is NOK 219,710,276.40, divided on 1,098,551,382 shares, each with a nominal value of NOK 0.20 per share.

(Oslo, 4 July 2018) Nel Hydrogen Solutions, a division of Nel ASA (Nel, OSE:NEL), has received a purchase order from H2 Mobility Deutschland GmbH & Co. KG (H2 Mobility) for hydrogen equipment to build two H2Station® fueling stations in Germany. “We are very pleased to receive a repeat order from H2 Mobility for expanding the…

(Oslo, 3 July  2018) Nel Hydrogen Solutions, a division of Nel ASA (OSE: NEL), has been awarded a contract by Uno-X Hydrogen AS (Uno-X Hydrogen) to build the next two H2Station® hydrogen fueling stations in Norway. “Nel is proud to announce that we have been awarded a contract from Uno-X Hydrogen to build two additional…

(Oslo, 2 July 2018) Nel ASA (the Company) today has resolved to grant options to all employees of the Company. The grant of options is based on the authorization from Nel’s annual general meeting of 15 May 2018 to issue new shares in connection with Nel’s incentive plan for employees, and the same annual general…

(Oslo, 2 July 2018) Today, Nel ASA (the “Company”) resolved to issue 5,138,319 new shares to fulfil the Company’s obligations, specified in the Company’s annual report (note 5), towards four existing and former employees of the Company’s US subsidiary Proton Energy Systems, Inc. (“Proton OnSite”), thereby increasing the Company’s share capital by NOK 1,027,663.80. The…

(Oslo, 2 July 2018) Reference is made to the stock exchange announcement from Nel ASA (the “Company”) on 28 June 2018 regarding the issue of 90 million new shares upon completion of a private placement of shares. The share capital increase pertaining to the issuance of the 90,000,000 new shares under the private placement has…

(Oslo, 29 June 2018) Reference is made to the stock exchange notice from Nel ASA (the “Company”) on 28 June 2018, regarding a private placement of up to 90 million new shares in the Company (the “Private Placement”) and a possible subsequent offering at the same subscription price as in the Private Placement (the “Subsequent…

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES OR ANYOTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY…

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES OR ANYOTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY…

(Oslo, 28 June 2018) Nel ASA (Nel, OSE: NEL) has been awarded a contract for delivery of 448 electrolyzers and associated fueling equipment to Nikola Motor Company (Nikola) as part of Nikola’s development of a hydrogen station infrastructure in the US for truck and passenger vehicles. Under the multi-billion NOK contract, to be deployed from…

(Oslo, June 8, 2018) Nel ASA (“Nel”) announced today it is increasing its ownership of the joint venture Nel-Deokyang Co. Ltd to 100 percent, making it a fully-owned subsidiary of Nel, and renaming it Nel Korea Co., Ltd. By gaining full control over the company, Nel expects to be able to extend and accelerate activities…

(Oslo, 6 June 2018) Reference is made to the stock exchange announcement from Nel ASA published 1 June, regarding the issue of shares in relation to the Company’s employee incentive plan. The issue of the shares mentioned in said announcement has now been registered in the Norwegian Register of Business Enterprises. Following the issuance of…