(
"The fourth quarter concluded a year characterised by our massive scale-up to maintain our leadership position in a market set to grow rapidly. During our Capital Markets Day in
Nel reported all time high revenues in the fourth quarter of 2021 of
The pipeline of potential orders continues to grow and stands at a record-high amount of more than
"The projects are getting significantly larger, the customers will be more diversified and the geographical market will broaden. Nel has scaled up to be ready to accommodate this unprecedented pipeline and is effectively addressing all growth segments with over 90 own employees developing the pipeline from leads to execution, " Løkke adds.
Nel is leading the race towards fossil parity with the commencement of production at Herøya,
"We have scalable solutions providing high quality and lower costs, are a technology leader on both alkaline and PEM, and have a product portfolio spanning from 2, 20, 200 and 800 MW hydrogen plants. With our leading technology and capacity expansion capabilities, we are preparing to build production facilities in the US,
EBITDA and other alternative performance measures (APMs) are defined and reconciled to the IFRS financial statements as a part of the APM section of the fourth quarter 2021 report on page 24.
The fourth quarter 2021 report and presentation are enclosed and available through www.newsweb.no (Ticker: NEL) and www.nelhydrogen.com. Nel will host a live pre broadcasted live at www.nelhydrogen.com and the event can also be streamed at https://channel.royalcast.com/landingpage/hegnarmedia/20220216_5/. The presenters will be Chief Executive Officer Jon André Løkke and Chief Financial Officer
The presentation will be held at
ENDS
For further information, please contact:
Jon André Løkke, CEO,
About
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. Our roots date back to 1927, and since then we have had a proud history of development and continuous improvement of hydrogen technologies. Today, our solutions cover the entire value chain: from hydrogen production technologies to hydrogen fueling stations, enabling industries to transition to green hydrogen, and providing fuel cell electric vehicles with the same fast fueling and long range as fossil-fueled vehicle, without emissions.
This information is subject to a duty of disclosure pursuant to Section 5-12 of the Norwegian Securities Trading Act.
This information was issued as inside information pursuant to the EU Market Abuse Regulation, and was published by
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