Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Oslo Bors  >  Nel    NEL   NO0010081235

NEL

(NEL)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Nel ASA: Signs collaboration agreement with Yara related to green fertilizer project

share with twitter share with LinkedIn share with facebook
08/20/2019 | 09:20am EDT

(Oslo, 20 August 2019) Nel Hydrogen Electrolyser, a division of Nel ASA (Nel, OSE:NEL), announced today the signing of a collaboration agreement with Yara International ASA (Yara, OSE:YARA), related to the previously announced PILOT-E funded green fertilizer project.

"We're very happy to initiate this exciting project together with Yara towards developing efficient, green ammonia and fertilizer production solutions. The project is leveraging on the development of our next-generation pressurized alkaline electrolyzer, which is being designed for larger capacity, lower cost and even more operational flexibility than our current generation electrolyzers. It is an honor to work closely with Yara to develop efficient, green ammonia production solutions, triggered by the PILOT-E scheme," says Jon André Løkke, Chief Executive Officer of Nel.

Reference is made to the stock exchange announcement of 14 December 2018, announcing a grant award under the PILOT-E scheme for the development and realization of a green fertilizer project together with Yara. The ambition of the project is to realize zero-emission fertilizer production using innovative solutions and cost-efficient hydrogen production from electrolysis based on renewable energy.

The next-generation, pressurized alkaline electrolyzer developed by Nel will be installed at the Yara facilities in Porsgrunn for piloting in an industrial environment and will have a capacity of approximately 5 MW. After the project, subject to certain criteria, ownership of the electrolyzer will be transferred to Yara for continued operation in the pilot plant.

ENDS

For additional information, please contact:

Jon André Løkke, CEO, +47 907 44 949 

Bjørn Simonsen, VP Investor Relations and Corporate Communication, +47 971 79 821

About Nel ASA | www.nelhydrogen.com    

Nel is a global, dedicated hydrogen company, delivering optimal solutions to produce, store and distribute hydrogen from renewable energy. We serve industries, energy and gas companies with leading hydrogen technology. Since its origins in 1927, Nel has a proud history of development and continual improvement of hydrogen plants. Our hydrogen solutions cover the entire value chain from hydrogen production technologies to manufacturing of hydrogen fueling stations, providing all fuel cell electric vehicles with the same fast fueling and long range as conventional vehicles today. 

https://news.cision.com/nel-asa/r/nel-asa--signs-collaboration-agreement-with-yara-related-to-green-fertilizer-project,c2884967

https://mb.cision.com/Main/115/2884967/1092759.pdf

(c) 2019 Cision. All rights reserved., source Press Releases - English

Stocks mentioned in the article
ChangeLast1st jan.
NEL 4.25% 22.1 Delayed Quote.145.09%
YARA INTERNATIONAL ASA -1.10% 334 Delayed Quote.-7.53%
share with twitter share with LinkedIn share with facebook
Latest news on NEL
02:27aNEL ASA : Employee Share Option Program
AQ
07/02NEL : awarded grant for further cost and efficiency improvements of next generat..
AQ
06/30NEL ASA : Receives purchase order for multiple hydrogen fueling stations
AQ
06/16NEL : Ex subsequent offering today
AQ
06/15NEL ASA : Private placement successfully completed
AQ
06/15NEL ASA : Key information relating to subsequent offering to be carried out by N..
AQ
06/15NEL ASA : Contemplated private placement
AQ
06/10NEL ASA : Receives purchase order for a 2.5 MW PEM electrolyser in Europe
AQ
06/08NEL ASA : Receives purchase orders for three additional hydrogen fueling station..
AQ
06/05NEL ASA : Mandatory Notification of Trade
AQ
More news
Financials
Sales 2020 716 M 76,4 M 76,4 M
Net income 2020 -151 M -16,2 M -16,2 M
Net cash 2020 1 044 M 111 M 111 M
P/E ratio 2020 -190x
Yield 2020 -
Capitalization 30 971 M 3 286 M 3 304 M
EV / Sales 2019
EV / Sales 2020 41,8x
Nbr of Employees 354
Free-Float 94,8%
Chart NEL
Duration : Period :
Nel Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends NEL
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 4
Average target price 9,25 NOK
Last Close Price 22,10 NOK
Spread / Highest target -32,1%
Spread / Average Target -58,1%
Spread / Lowest Target -77,4%
EPS Revisions
Managers
NameTitle
Jon André Løkke Chief Executive Officer
Ole Enger Chairman
Kjell Christians Gyllensten Bjørnsen Chief Financial Officer
Magnus Sjögren Chief Medical Officer
Anders Soreng Chief Technology Officer
Sector and Competitors
1st jan.Capitalization (M$)
NEL145.09%3 152
VESTAS WIND SYSTEMS A/S6.57%21 283
SIEMENS GAMESA RENEWABLE ENERGY, S.A.5.37%12 685
XINYI SOLAR HOLDINGS LIMITED40.33%8 080
SOLAREDGE TECHNOLOGIES, INC.54.14%7 274
ENPHASE ENERGY, INC.93.80%6 341