Brief: Nel Subsidiary Awarded EUR 135 Million In Grants

Nel ASA

22/10/2024 11:25

Oct 22 (Reuters) - Nel ASA  NEL.OL :
    * NEL ASA: AWARDED EUR 135 MILLION IN GRANTS FOR
INDUSTRIALIZATION
OF NEXT-GENERATION ELECTROLYSER TECHNOLOGY IN NORWAY
    * INITIAL BUILD-OUT IS PLANNED FOR AN ANNUAL CAPACITY OF 1-2
GW
    * SUPPORT WILL BE PHASED WITH NEL'S OWN INVESTMENTS FOR UP
TO 4 GW
OF CAPACITY FOR PRESSURIZED ELECTROLYSER EQUIPMENT IN NORWAY
    * TECHNOLOGY IS CURRENTLY BEING PROTOTYPED, AND POTENTIAL
INDUSTRIALIZATION IS PLANNED AT HERØYA, NORWAY

Source text for Eikon:  ID:nWkrCR80c 
Further company coverage:  NEL.OL 

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