Brief: Nel Becomes Fortescue's Supplier For About USD 20 Mln

Nel ASA

02/02/2024 07:13

Feb 2 (Reuters) - Nel ASA  NEL.OL :
    * NEL WILL BECOME FORTESCUE'S SUPPLIER FOR THEIR 80 MW
ELECTROLYSER, FOR A TOTAL CONSIDERATION OF ABOUT USD 20 MILLION
    * AS A COMPENSATION FOR CHANGED SCOPE NEL WILL RECEIVE ABOUT
USD 9
MILLION
    * IN RETURN FOR UPDATED GUARANTEES AND WARRANTIES FOR
EQUIPMENT
AND CHANGES IN SCOPE OF DELIVERY, NEL WILL RECEIVE ABOUT USD 11
MILLION FROM FORTESCUE

Source text for Eikon:  ID:nWkr9p40w5 
Further company coverage:  NEL.OL 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))