Nel ASA (NLLSF)

[Xman1959]

what happened to the trade secret law suit I am looking to invest here

[TPX]

NEWS! Nel ASA: Save the date – Capital Markets Day 2021

(Oslo, 5 November 2020) Nel ASA (Nel) invites investors, analysts and journalist to a Capital Markets Day on Thursday 21 January 2021.

Event: Nel Capital Markets Day 2021

Date: 21 January 2021 from 08:00 CET

Presenters: Nel management and external guests

The event will take place centrally located in Oslo, Norway, pending the Covid-19 situation, and will also be virtually available.

The full program and registration details will follow.

Related documents

https://nelhydrogen.com/press-release/nel-asa-save-the-date-capital-markets-day-2021/

[TPX]

NEWS! Nel ASA: Third quarter 2020 financial results

(Oslo, 5 November 2020) Nel ASA (Nel) reported revenues of NOK 147.7 million in the third quarter of 2020, slightly down from NOK 148.9 million in the same quarter of 2019 and an EBITDA of negative NOK 42.1 million. The order backlog ended at approximately NOK 940 million and the company holds approximately NOK 2.5 billion in cash. Nel reiterates the strong long-term outlook.

“The markets in which we operate continue to show high activity and strong growth momentum, in addition to significant governmental interest for developing green energy infrastructure and industries post Covid-19. While our short-term operations, production and installations are affected by the pandemic, with the financial performance in the third quarter in line with our outlook, the adoption of green hydrogen and industrial hydrogen applications continues to accelerate. Nel continuous to build the organization and capabilities to leverage on these opportunities going forward,” says Jon André Løkke, Chief Executive Officer of Nel.

Nel reported revenues in the third quarter of 2020 of NOK 147.7 million (148.9) with an EBITDA of NOK -42.1 million. The reported EBIT was NOK -116.3 million (-48.4), while the pre-tax loss ended at NOK -628.6 million (-34.3) following a negative fair value adjustment of Nel´s shareholding in Nikola Corporation of NOK 513.3 million. The backlog was approximately NOK 940 million at the end of the quarter, up 60% from the end of the third quarter last year, and the company holds NOK 2.5 billion in cash.

“Nel targets to have a strong financial position to execute on our strategic plans. We want to maintain and strengthen our leading position in a growing market through accelerated investments in technology and organization, and experience an increased importance of being a financially strong counterpart, especially for larger projects,“ Løkke comments.

After the closing of the quarter, Everfuel successfully completed a private placement with gross proceeds of NOK 290 million, valuing Everfuel to NOK 1 610.4 million at the offer price of NOK 22. Everfuel was subsequently listed on Merkur Markets and Nel has a shareholding of 16.86% of the company after the private placement. Nel also announced a letter of intent (LoI) with Statkraft for the delivery of 40 - 50 MW of alkaline electrolysers to support green steel production by Celsa at Mo Industripark in Norway, and announced that Nel has been selected by Iberdrola as a preferred supplier for a 20 MW PEM system to support green fertilizer project in Spain.

"Through our electrolyser scale-up program we have not only identified ways to manufacture our alkaline electrolysers more efficiently, we have also identified a number of measures which can be implemented to improve the electrolyser performance even beyond today's industry leading standard. We have also worked on larger scale solutions for our PEM platform, and there is no better way of demonstrating such improvements than through realizing actual large-scale projects," says Jon André Løkke, and concludes:

“Nel remains committed to our growth strategy and has taken on additional employees and costs to prepare for future growth. Nel holds the workforce largely intact to maintain the momentum when the Covid-19 situation normalizes. We remain confident in the long-term potential for the industry and reiterate the strong outlook.”

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 third quarter 2020 report on page 25.

The third quarter 2020 report and presentation are enclosed and available through www.newsweb.no (Ticker: NEL) and www.nelhydrogen.com. Nel will host an open investor presentation 08:00 CET at Hotel Continental, Stortingsgaten 24/26, Oslo, Norway, and the presentation will be broadcasted live at www.nelhydrogen.com and can also be streamed at https://channel.royalcast.com/hegnarmedia/#!/hegnarmedia/20201105_1. The presenter will be Jon André Løkke, CEO, and the presentation will be held in English.

Due to Covid-19 restrictions, the number of participants that can attend the physical presentation will be limited. If you would like to attend the physical presentation in person, registration is still possible by email to [e-mail].

An online question and answer-session aimed at the analyst community will be

held on 5 November at 15:30 CET at https://bit.ly/35CCosW.

https://nelhydrogen.com/press-release/nel-asa-third-quarter-2020-financial-results/

[TPX]

News! Nel ASA: Selected by Iberdrola as preferred supplier for a 20 MW green fertilizer project in Spain

(Oslo, 3 November 2020) Nel Hydrogen Electrolyser, a division of Nel ASA (Nel, OSE:NEL), has been selected as preferred supplier by Iberdrola for a 20 MW PEM solution for a green fertilizer project in Spain. Contract award is subject to mutual agreement on the final commercial terms. The hydrogen plant is scheduled to commence operations in 2021.

"We are very excited and honored that Iberdrola prefer to use a PEM electrolyser solution from Nel for this landmark green fertilizer project. It is a true testament to our PEM platform, which has been deployed all over the world for several decades. We continuously work to develop larger systems, and with this project our PEM platform will be designed into a 20 MW solution. We have over the course of the last year been working on both alkaline and PEM large-scale solutions, which serve different customer needs, and we look forward to provide our PEM solution for this project," says Filip Smeets, SVP Nel Hydrogen Electrolyser, Nel Hydrogen Fueling.

Iberdrola, one of the largest electricity utilities in the world, has together with a world-leading fertilizer manufacturer Fertiberia launched a project to establish the largest green hydrogen plant in Europe. Located in Puertollano, Spain it will feature a 100 MW photovoltaic plant, a battery installation with a storage capacity of 20 MWh, and a 20 MW electrolyser. The hydrogen produced in the project will primarily be used for green fertilizer production. The 20 MW electrolyser is scheduled to commence operations in 2021.

Contract award is subject to mutual agreement on the final agreement on terms and conditions, technical details, and board approval.

https://nelhydrogen.com/press-release/nel-asa-selected-by-iberdrola-as-preferred-supplier-for-a-20-mw-green-fertilizer-project-in-spain/

[TPX]

News! Nel signs LoI with Statkraft for a green hydrogen project with up to 50MW of electrolyser capacity

(30 October, 2020, Oslo) Nel Hydrogen Electrolyser AS, a subsidiary of ASA (Nel, OSE:NEL) and Statkraft AS (Statkraft) have signed a letter of intent (LoI) for the delivery of 40 – 50 MW of alkaline electrolysers to support green steel production by Celsa Armeringsstål AS (Celsa) at Mo Industripark in Norway.

"Through our electrolyser scale-up program we have not only identified ways to manufacture our alkaline electrolysers more efficiently, we have also identified a number of measures which can be implemented to improve the electrolyser performance even beyond today’s industry leading standard. There is no better way of demonstrating such improvements than through realizing an actual large-scale project, and we are very proud that the leading energy company Statkraft wants to work together with us on this," says Jon André Løkke, CEO of Nel.

Nel and Statkraft have signed a Letter of Intent to develop a large-scale electrolyser plant of 40-50MW, with superior performance compared to today’s solutions. The green hydrogen produced by the plant will be used in a production process of steel reinforcing products as an alternative to fossil fuels, and hence lower the carbon footprint of the process.

"We’re happy to be involved in such an important project, where we can start building hydrogen as an important future business-line for Norway and Statkraft and cut CO2-emissions from the Norwegian industry significantly, by utilizing our renewable power. As a development project, it will require support for technology development and commercialisation to be realised. The project is well positioned for the so-called ‘Important projects of common European interest’ program in the EU, and will support Norway’s hydrogen efforts going forward,” says Bjørn Holsen, Head of New Business at Statkraft

Statkraft is together with Celsa and Mo Industry park planning to establish a complete value chain for green hydrogen for industrial use in a high temperature process where the end-product is reinforced steel. Today, this process leads to annual CO2-emissions of approximately 100,000 tons/year, and through introducing green hydrogen in the process, emissions can potentially be reduced by 60%. The project is targeted for operation by end of 2023. The parties have also identified a number of other industrial opportunities for green hydrogen in the Industry park, and have the intention to increase the electrolyser capacity in a number of steps towards 2030.

https://nelhydrogen.com/press-release/nel-signs-loi-with-statkraft-for-a-green-hydrogen-project-with-up-to-50mw-of-electrolyser-capacity/

[TPX]

News! Nel ASA: Invitation to presentation of Q3 2020 results

(Oslo, 26 October 2020) Nel ASA (Nel) will announce the third quarter 2020 report on Thursday 5 November at 07:00 CET and will host an open presentation at 08:00 CET.

The results presentation will be held at Hotel Continental, Stortingsgaten 24/26, Oslo, Norway on 5 November at 08:00 CET. The presenter will be Jon André Løkke, CEO. The presentation will be held in English.

If you would like to attend the physical presentation in person, please register by email to [e-mail]. Due to Covid-19 restrictions, the number of participants will be limited.

The presentation will be broadcasted live at www.nelhydrogen.com and can also be streamed at https://channel.royalcast.com/hegnarmedia/#!/hegnarmedia/20201105_1.

An online question and answer-session aimed at the analyst community will be held on 5 November at 15:30 CET at https://bit.ly/35CCosW.

The report and presentation will be made available through www.newsweb.no and www.nelhydrogen.com.

https://nelhydrogen.com/press-release/nel-asa-invitation-to-presentation-of-q3-2020-results/

[TPX]

NEWS! Nel ASA: Receives purchase order for a 1.25 MW containerized PEM electrolyser from NREL

(Oslo, 22 October 2020) Nel Hydrogen US, a division of Nel ASA (Nel, OSE:NEL), has received a purchase order for a 1.25 megawatt (MW) containerized Proton PEM® electrolyser from the National Renewable Energy Laboratory (NREL) for installation in the ARIES research initiative at the NREL campus in Boulder, CO.

“This project will enable an exciting collaboration between Nel and NREL, by providing an advanced and flexible electrolyser platform for integrated energy system research at NREL’s Flatiron campus in Boulder,” says Steve Szymanski, Vice President of Sales and Marketing at Nel Hydrogen US.

“The ARIES project is a first of its kind research platform that can match the complexity of the modern energy system and conduct integrated research to support the development of groundbreaking new energy technologies. Nel is proud to be delivering a key technology component to the project, to demonstrate the flexibility and utility of electrolysers when integrated into renewable energy systems,” Szymanski concludes.

NREL will be installing and testing the electrolyser system at the Flatirons Campus and conducting applied research in the application of hydrogen for various use cases in the ARIES system platform. The delivered electrolyser system will offer unique capability and flexibility, including the opportunity to expand it to 2.5 MW in the future.

Nel will also be providing collaborative research support for the installed system, as an important contributor toward the development of technical and financial models of power-to-gas business cases. More information about the “Advance Research on Integrated Energy Systems” (ARIES) research initiative can be found at https://www.nrel.gov/aries/

The purchase order has a value of around USD 2 million, and the electrolyser system will be delivered in 2021.

https://nelhydrogen.com/press-release/nel-asa-receives-purchase-order-for-a-1-25-mw-containerized-pem-electrolyser-from-nrel/

[TPX]

News! Press Release: Nel management update
Bjørn Simonsen, VP Investor Relations & Corporate Communication in Nel ASA (Nel), to take up a position outside Nel effective December 1[st] 2020.

"Bjørn has played a crucial role in Nel since he joined in 2014, ahead of the listing of the company on the Oslo Stock Exchange, by being instrumental in the early growth and development of the company. In addition, he has played an important role in bringing Nel to the center of the local and international hydrogen scene," says Jon André Løkke, CEO of Nel.

Bjørn Simonsen has been with Nel since September 2014, and has served as VP Market

https://nelhydrogen.com/press-release/press-release-nel-management-update/

[TPX]

News! Press Release: Everfuel contemplates private placement and listing on Merkur Market

Everfuel A/S (Everfuel), a minority-owned company of Nel ASA (Nel) is contemplating a private placement and admission to trading on Merkur Market, which is part of the Oslo Stock Exchange.

"We’re happy to see the positive development Everfuel has made over the last year and a half, and with the plans the company has for further expansions in the near future, we see this development as very positive," says Jon André Løkke, CEO of Nel.

Nel holds a 19.9% ownership in Everfuel, and has pre-committed to subscribe shares in the private placement, equal to around EUR 0.8 million.

Link to full press-release from Everfuel: https://www.everfuel.com/wp-content/uploads/2020/10/ITF-Press-Release_Everfuel_Final.pdf

https://nelhydrogen.com/press-release/press-release-everfuel-contemplates-private-placement-and-listing-on-merkur-market/

[TPX]

News! Nel ASA: Receives first H2Station™ order in Poland

(Oslo, 14 October 2020) Nel Hydrogen Fueling, a subsidiary of Nel ASA (Nel, OSE:NEL) has received a purchase order from ZE PAK SA (ZE PAK) for H2Station™ hydrogen fueling stations which will be used to fuel passenger vehicles and buses in Poland.

"We’re excited to enter yet another country in Europe with our H2Station™ fueling solutions. We see attractive market opportunities in Poland, and are proud that ZE PAK, which is the leading energy company in Poland has chosen our fueling solutions," says Jens Egholt, Senior Director Global Sales of Nel Hydrogen Fueling.

The value of the purchase order is around EUR 3.2 million, and the stations are scheduled to be delivered in 2021.

https://nelhydrogen.com/press-release/nel-asa-receives-first-h2station-order-in-poland/

[Televet]

https://seekingalpha.com/article/4378875-multiple-tailwinds-underpin-positive-outlook-for-hydrogen-specialist-nel?utm_medium=email&utm_source=seeking_alpha&mail_subject=nllsf-multiple-tailwinds-underpin-a-positive-outlook-for-hydrogen-specialist-nel&utm_campaign=rta-stock-article&utm_content=link-2

[TPX]

NEWS! Nel ASA: Receives purchase order for an H2Station™ from Everfuel

(Oslo, 5 October 2020) Nel Hydrogen Fueling, a subsidiary of Nel ASA (Nel, OSE:NEL) has received a purchase order from Everfuel Europe A/S (Everfuel) for an H2Station™ hydrogen fueling station which will be used to fuel zero emission hydrogen buses in the Netherlands.

"We are delighted to get our second purchase order for an H2Station™ fueling solution from Everfuel. The station is our latest generation which is developed for fast refueling of heavy-duty vehicles, such as buses and trucks, and we’re proud to support Everfuel in succeeding with their ambitions of making green hydrogen affordable and widely available across Europe", says Jens Egholt, Senior Director Global Sales of Nel Hydrogen Fueling.

The value of the purchase order is around EUR 1.6 million, and the station is scheduled to be operational by end of 2021.

https://nelhydrogen.com/press-release/nel-asa-receives-purchase-order-for-an-h2station-from-everfuel/

[big johnny hell]

good morning all,
more sales for our company, this are looking good for the future of the hydrogen economy

(Oslo, 5 October 2020) Nel Hydrogen Fueling, a subsidiary of Nel ASA (Nel, OSE:NEL) has received a purchase order from Everfuel Europe A/S (Everfuel) for an H2Station™ hydrogen fueling station which will be used to fuel zero emission hydrogen buses in the Netherlands.

[TPX]

NEWS! Nel ASA: Mandatory notification of trade
(Oslo, 25 September 2020) Bjørn Simonsen, VP Investor Relations & Corporate Communication of Nel ASA (“Nel”) has today through Simonsen Invest AS, a company 100% owned by Bjørn Simonsen, purchased 100,000 shares in Nel at a price of NOK 15.39 per share. After the transaction Bjørn Simonsen holds 1,616,138 shares and 616,000 options in Nel.

ENDS

For further information, please contact:

Kjell Christian Bjørnsen, CFO, [phone]

About Nel ASA | www.nelhydrogen.com

Nel is a global, dedicated hydrogen company, delivering optimal solutions to produce, store, and distribute

https://nelhydrogen.com/press-release/nel-asa-mandatory-notification-of-trade-10/

[TPX]

NEWS! Nel ASA: Approval and publication of Supplementary Prospectus

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

(Oslo, 22 September 2020) Reference is made to the stock exchange announcement by Nel ASA ("Nel" or the "Company") on 21 September 2020, regarding the extension of the subscription period in the offering of up to 10,840,109 new shares in the Company (the "Subsequent Offering") until 28 September 2020 at 16:30 hrs (CET).

The Financial Supervisory Authority of Norway has today approved a supplementary prospectus prepared by the Company (the "Supplementary Prospectus") in connection with the extension of the subscription period of the Subsequent Offering. The Supplementary Prospectus is made available on www.nelhydrogen.com.

The Company reserves the right but no obligation to cancel the Subsequent Offering without notice should the listed price for the shares trade below the offering price in the Subsequent Offering. Eligible shareholders that have already subscribed in the Subsequent Offering are offered an opportunity to withdraw the subscription. Further information follows in the Supplemental Prospectus.

Carnegie AS, Arctic Securities AS and SpareBank 1 Markets AS act as managers in the Subsequent Offering (the "Managers"). Advokatfirmaet Schjødt AS acts as Norwegian legal counsel to Nel.

https://nelhydrogen.com/press-release/nel-asa-approval-and-publication-of-supplementary-prospectus/

[TPX]

NEWS! Nel ASA: Extension of subscription period in the Subsequent Offering

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

(Oslo, 21 September 2020) Reference is made to the stock exchange announcement by Nel ASA ("Nel" or the "Company") on 10 September 2020, regarding the commencement of a subsequent offering of up to 10,840,109 new shares (the "Offer Shares") (the "Subsequent Offering").

In light of today's share price development, the Company has resolved to extend the subscription period in the Subsequent Offering until 28 September 2020 at 16:30 hrs (CET). A supplemental prospectus (the “Supplemental Prospectus”) will be published following approval by the Financial Supervisory Authority of Norway. The Company reserves the right but no obligation to cancel the Subsequent Offering without notice should the listed price for the shares trade below the offering price in the Subsequent Offering.Eligible shareholders that have already subscribed in the Subsequent Offering will be offered an opportunity to withdraw the subscription. Further information will follow in the Supplemental Prospectus.

Carnegie AS, Arctic Securities AS and SpareBank 1 Markets AS act as managers in the Subsequent Offering (the "Managers"). Advokatfirmaet Schjødt AS acts as Norwegian legal counsel to Nel.

https://nelhydrogen.com/press-release/nel-asa-extension-of-subscription-period-in-the-subsequent-offering/

[TPX]

NEWS! Nel ASA: Last day of subscription period in the Subsequent Offering

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

(Oslo, 21 September 2020) Reference is made to the stock exchange announcement by Nel ASA ("Nel" or the "Company") on 10 September 2020, regarding the commencement of a subsequent offering of up to 10,840,109 new shares (the "Offer Shares") (the "Subsequent Offering").

The subscription period for the Subsequent Offering will expire today, 21 September 2020, at 16:30 hours (CEST). The Subscription Rights may be used to subscribe for Offer Shares in the Subscription Period and before the expiry of the Subscription Period on 21 September 2020 at 16:30 hours (CEST). Subscription Rights that are not used to subscribe for Offer Shares before 16:30 hours (CEST) on 21 September 2020 will have no value and will lapse without compensation to the holder.

For more information regarding the Subsequent Offering, please refer to the Company's prospectus dated 9 September 2020 (the "Prospectus"). The Prospectus is available electronically at www.nelhydrogen.com, www.arctic.com, www.carnegie.no and www.sb1markets.no, or by contacting Arctic Securities AS, Carnegie AS or SpareBank 1 Markets AS.

Carnegie AS, Arctic Securities AS and SpareBank 1 Markets AS act as managers in the Subsequent Offering (the "Managers"). Advokatfirmaet Schjødt AS acts as Norwegian legal counsel to Nel.

https://nelhydrogen.com/press-release/nel-asa-last-day-of-subscription-period-in-the-subsequent-offering-2/

[srm4u]

Nel is still well positioned to profit from the boom in hydrogen. The company’s stock is up 80% this year. Europe’s other listed electrolyzer companies, the U.K.’s ITM Power Plc and McPhy Energy SA also declined more than 9% each on Monday as part of a broader decline in Europe’s stock market.

Nikola’s Plunge Takes Norwegian Green Energy Stock Down With It
September 21, 2020, 7:32 AM MDT
https://www.bloomberg.com/news/articles/2020-09-21/nikola-s-plunge-takes-norwegian-green-energy-stock-down-with-it

[slicknick617]

DILUTION, This offering amounted to nothing but controlled dilution. It benefited those individuals, banks, and brokerage houses that pay taxes in Norway.

[slicknick617]

DILUTION, This offering amounted to nothing but controlled dilution. It benefited those individuals, banks, and brokerage houses that pay taxes in Norway.

[srm4u]

Nel

In one of its more recently shared partnership developments, Nikola joined forces with Nel Hydrogen, a Norwegian hydrogen solutions provider, for the production of 85MW alkaline electrolysers to support five of the world’s first eight tonnes per day hydrogen fuelling stations Nikola hopes to deploy.

The deal was valued in excess of $30m and will allow Nikola to produce over 40,000kgs of hydrogen each day, marking a vital development for the company.

“Using technology that Nel has developed over many decades, using the renewable electricity coming into the grid, will allow us to make hydrogen at very reasonable prices,” Russell explained.

“We have a model that we worked on with Nel where we know we can build these stations just about anywhere in the world, accessible to long-haul routes, and we can do it in a modular fashion for a predictable price.”

“Nikola has worked on this exclusively with Nel. Our combined teams have come up with several pacts for the integration, and we are certain that we can put these stations in.”

Speaking at the time of the announcement, Trevor Milton, Nikola’s Founder and Executive Chairman expressed that the partnership will help Nikola achieve its goal of building the largest hydrogen network in the world.

Nel and Nikola, however, have been working closely for multiple years now after kickstarting their industry relations back in November 2017, when the Norwegian company was awarded the initial purchase order for Nikola’s demo stations.

Since that moment, the collaboration has continued to blossom and pushes forward both Nel’s ambition of a hydrogen-fuelled future and Nikola’s goal to decarbonise the transportation sector.

Nel and Nikola also signed a Memorandum of Understanding for a project to develop standardised heavy-duty, hydrogen fuelling hardware together along with other key industry partners including Air Liquide, Hyundai, Shell and Toyota. The data will later be given to the standards organisations, ISO, SAE, CSA to make a common nozzle, fueling protocol, etc.

“Heavy duty fuel cell trucks offer the same range as their conventional diesel counterparts and fueling hardware is being developed to fill in 15 minutes,” said Jesse Schneider, Executive Vice-President, Nikola Motor, Hydrogen & Fuel Cell Technologies.

“Key members of the industry have joined forces to evaluate HD Fueling Hardware to make this a reality. The goal is to enable interoperability so that any HD FCEVs can fuel at our hydrogen stations and we can fill at any of theirs, just like diesel today.”

https://www.h2-view.com/story/the-story-of-nikola-motor-part-2/

[srm4u]

Do Institutions Own Shares In Nel ASA (OB:NEL)?
https://finance.yahoo.com/news/institutions-own-shares-nel-asa-125320132.html

[srm4u]

2 out of 3 delivered, before the end of the year.....last 1 to be the partnership in hydrogen network.....stay tuned

5:00min. into the vid

Here’s Who’s Funding Hydrogen Truck Builder Nikola Motor
September 23, 2019
OTHER PLAYERS
NEL Hydrogen: $5 million. The Norwegian developer of hydrogen production plants, will provide hydrogen production equipment for Nikola’s fueling station network.

Fitzgerald Glider Kits: Undisclosed amount. Fitzgerald has signed on to build the first 5,000 Nikola trucks while Nikola is building its own manufacturing plant in Arizona. The Tennessee-based company specializes in installing remanufactured powertrains into new truck chassis – called gliders when they don’t have engines or transmissions – built by various major tuck makers.

Thompson Machinery: Unknown amount. Thompson, a major caterpillar distributor signed on early to be Nikola’s sales, service and marketing provider in Tennessee and Mississippi.

Worthington Industries: Unknown investment, but described by Milton as holding a “very large stake” in Nikola.

Worthington is believed to be Nikola’s first outside investor. It had provided pressurized steel tanks to a dHybrid Systems, which made natural gas fuel systems for commercial vehicles. Nikola needs pressurized steel tanks for is trucks’ hydrogen fuel systems. Mark Russell, who headed Worthington at the time, told Trucks.com he believes Milton is a visionary. Russell is now Nikola’s president.
https://www.trucks.com/2019/09/23/funding-hydrogen-truck-builder-nikola-motor/

[srm4u]

Hydrogen

Standards a key
Nel, which is building the Nikola station network, said fueling hardware standards are key to commercial success. “It can’t be just Nikola alone doing it,” Lindstrom said. “We need other chemical suppliers to be part of that chain. The network of filling stations needs to be built up as soon as possible.”

Air Liquide said in December it would build a hydrogen-production plant in the Western U.S. capable of making nearly 30 tons of hydrogen a day, enough for 35,000 fuel-cell electric vehicles.

Most of those vehicles are in California, which counts on zero-tailpipe emission fuel-cell vehicles to help meet its 2050 goal of reducing smog-trapping greenhouse gas emissions by 80 percent.

“It improves the potential to further support California’s efforts to expand transportation electrification in heavy-duty applications,” Tony Brasil, chief of the Transportation and Clean Technology Branch of the California Air Resources Board, told Trucks.com. “Successful deployment of fuel cell electric trucks would help meet goals established by CARB.”

Suppliers are being asked to sign up to participate in a test program to meet industry standards from SAE International, the Industry Standards Organization and the Canadian Standards Organization.
http://www.lngplants.com/Hydrogen2.html


Toyota, Nikola and Shell Seek Fuel Cell Truck-Fueling Standards
February 21, 2019
Toyota, Shell and a group of automotive and industrial companies are working together to standardize hydrogen-fueling components that could get fuel-cell electric trucks on the road faster.

The group wants the fueling nozzle, vehicle receptacle, dispenser hose and other components to be useable in all fuel cell vehicles.

The companies include Hyundai, startup Nikola Motor, Norwegian hydrogen station builder NEL Hydrogen Fueling and French industrial gas maker Air Liquide. They signed a memorandum of understanding to test components for Class 8 heavy-duty trucks.

“This is big – the first step towards standardizing the fueling system,” said Antti Lindstrom, a trucking analyst with IHS Markit. “This is exactly what the technology needs to get mainstream acceptance.”
https://www.trucks.com/2019/02/21/toyota-nikola-hydrogen-truck-fueling/

[TPX]

News! Nel ASA: Commencement of Subsequent Offering

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

(Oslo, 10 September 2020) Reference is made to the stock exchange announcement by Nel ASA ("Nel" or the "Company") on 9 September 2020, regarding the approval of a prospectus relating to a subsequent offering of up to 10,840,109 new shares (the "Subsequent Offering") to be carried out by the Company following the completion of a private placement with gross proceeds of NOK 1,300 million (the "Private Placement").

In the Subsequent Offering, Eligible Shareholders, being shareholders of the Company as of 15 June 2020 (and being registered as such in the Norwegian Central Securities Depository ("VPS") on 17 June 2020, pursuant to the two days' settlement procedure in the VPS (the "Record Date")), (i) who were not allocated shares in the Private Placement, and (ii) who are not resident in a jurisdiction where such offering would be unlawful, or for jurisdictions other than Norway, would require any filing, registration or similar action, will be granted non-transferable subscription rights (the "Subscription Rights") that, subject to applicable law, provide preferential rights to subscribe for and be allocated Offer Shares at the Subscription Price (as defined below).

The subscription period in the Subsequent Offering commences today, on 10 September 2020 at 09:00 hours (CEST) and will end on 21 September 2020 at 16:30 hours (CEST) (the "Subscription Period"). The subscription price in the Subsequent Offering is NOK 18.45 per Offer Share (the "Subscription Price"), which is equal to the subscription price in the Private Placement.

Eligible Shareholders will be granted 0.00832 Subscription Rights for each share registered as held by such Eligible Shareholder on the Record Date, rounded down to the nearest whole Subscription Right. Each whole Subscription Right provides a preferential right to subscribe for, and be allocated, one Offer Share at the Subscription Price, subject to applicable securities laws. Over-subscription is permitted, but there can be no assurance of the number of shares that will be available for allocation pursuant to over-subscription. Subscription without Subscription Rights will not be permitted.

In order to subscribe for shares, Eligible Shareholders must provide one of the Managers (as defined below) with a complete and duly signed subscription form within the end of the Subscription Period. Further instructions regarding the subscription procedure is available in the Prospectus (as defined below). The Subscription Rights must be used to subscribe for Offer Shares in the Subscription Period and before the expiry of the Subscription Period on 21 September 2020 at 16:30 hours (CEST). Subscription Rights that are not used to subscribe for Offer Shares before 16:30 hours (CEST) on 21 September 2020 will have no value and will lapse without compensation to the holder.

Completion of the Subsequent Offering is subject to (i) the board of directors resolving to approve the Subsequent Offering and issue the Offer Shares, and (ii) registration of the increased equity of the Company pertaining to the Subsequent Offering with the Norwegian Register of Business Enterprises and the VPS.

Notifications of allocation in the Subsequent Offering are expected to be issued on or about 22 September 2020. The due date for payment of allocated Offer Shares is 28 September 2020. The capital increase relating to the Subsequent Offering is, subject to timely payment by all subscribers, expected to be registered with Norwegian Register of Business Enterprises on or about 1 October 2020, and delivery of the Offer Shares to investors' VPS accounts is thereafter expected to take place on or about 2 October 2020.

A prospectus dated 9 September 2020 (the "Prospectus") prepared in connection with the Subsequent Offering will be available electronically at www.nelhydrogen.com, www.arctic.com, www.carnegie.no and www.sb1markets.no, or by contacting Arctic Securities AS, Carnegie AS or SpareBank 1 Markets AS.

Carnegie AS, Arctic Securities AS and SpareBank 1 Markets AS act as managers in the Subsequent Offering (the "Managers"). Advokatfirmaet Schjødt AS acts as Norwegian legal counsel to Nel.

https://nelhydrogen.com/press-release/nel-asa-commencement-of-subsequent-offering-3/

[TPX]

Nel ASA: Approval and publication of Prospectus

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

(Oslo, 9 September 2020) Reference is made to the stock exchange announcements by Nel ASA ("Nel" or the "Company") on 15 June 2020, regarding information relating to a subsequent offering of up to 10,840,109 new shares (the "Subsequent Offering") in the Company following the completion of a private placement with gross proceeds of NOK 1,300 million (the "Private Placement").

Approval and availability of the Prospectus:

The Financial Supervisory Authority of Norway has today approved a prospectus prepared by the Company (the "Prospectus") in connection with the Subsequent Offering and listing of up to 10,840,109 new shares in the Company, each with a par value of NOK 0.20 (the "Offer Shares").

The Prospectus will be available from 10 September 2020 on the following websites: www.nelhydrogen.com, www.arctic.com, www.carnegie.no and www.sb1markets.no.

The Subsequent Offering:

The Subsequent Offering will consist of an offer by the Company to issue up to 10,840,109 Offer Shares, raising up to approximately NOK 200 million in gross proceeds if all the Offer Shares are issued.
Eligible Shareholders, being shareholders of the Company as of 15 June 2020 (and being registered as such in the Norwegian Central Securities Depository ("VPS") on 17 June 2020, pursuant to the two days' settlement procedure in the VPS (the "Record Date")), (i) who were not allocated shares in the Private Placement, and (ii) who are not resident in a jurisdiction where such offering would be unlawful, or for jurisdictions other than Norway, would require any filing, registration or similar action, will be granted non-transferable subscription rights (the "Subscription Rights") that, subject to applicable law, provide preferential rights to subscribe for and be allocated Offer Shares at the Subscription Price (as defined below).
The Eligible Shareholders will be granted 0.00832 Subscription Rights for each existing share registered as held by such Eligible Shareholders as of the Record Date, rounded down to the nearest whole Subscription Right. Each whole Subscription Right provides a preferential right to subscribe for, and be allocated, one Offer Share at the Subscription Price, subject to applicable securities laws. Over-subscription will be permitted, but there can be no assurance of the number of shares that will be available for allocation pursuant to over-subscription. Subscription without Subscription Rights will not be permitted.
The subscription period will commence at 09:00 hours (CEST) on 10 September 2020 and expire at 16:30 hours (CEST) on 21 September 2020 (the "Subscription Period").
The subscription price in the Subsequent Offering is NOK 18.45 per Offer Share, being the same as the subscription price in the Private Placement completed on 15 June 2020 (the "Subscription Price").
The Subscription Rights are expected to have an economic value if the Company's shares trade above the Subscription Price during the Subscription Period. Eligible Shareholders who do not use their Subscription Rights will experience a dilution of their shareholding in the Company if other Eligible Shareholders subscribe for Offer Shares.
The Subscription Rights must be used to subscribe for Offer Shares in the Subscription Period and before the expiry of the Subscription Period on 21 September 2020 at 16:30 hours (CEST). Subscription Rights that are not used to subscribe for Offer Shares before 16:30 hours (CEST) on 21 September 2020 will have no value and will lapse without compensation to the holder.
Completion of the Subsequent Offering is subject to (i) the board of directors resolving to approve the Subsequent Offering and issue the Offer Shares, and (ii) registration of the increased equity of the Company pertaining to the Subsequent Offering with the Norwegian Register of Business Enterprises and the VPS.
The payment for the Offer Shares allocated to a subscriber falls due on 28 September 2020.
Subject to timely payment by all subscribers, the share capital increase pertaining to the Subsequent Offering is expected to be registered with the Norwegian Register of Business Enterprises (Nw. Foretaksregisteret) on or about 1 October 2020. The Offer Shares are expected to be delivered to the subscribers and commence trading on the Oslo Stock Exchange on 2 October 2019.
Carnegie AS, Arctic Securities AS and SpareBank 1 Markets AS will act as managers in the Subsequent Offering (the "Managers"). Advokatfirmaet Schjødt AS acts as Norwegian legal counsel to Nel.

https://nelhydrogen.com/press-release/nel-asa-approval-and-publication-of-prospectus-3/

[TPX]

Nel ASA: Share capital increase registered

(Oslo, 1 September 2020) Reference is made to the stock exchange announcement on 28 August 2020 regarding the issuance of shares in Nel ASA. The share capital increase pertaining to the issuance of the 6,048,000 new shares has now been registered with the Norwegian Register of Business Enterprises. The Company's new registered share capital is 281,488,697.60, divided into 1,407,443,488 shares, each with a par value of NOK 0.20.

https://nelhydrogen.com/press-release/nel-asa-share-capital-increase-registered-17/

[TPX]

News! Nel ASA: Final result of exercise of employee share options

(Oslo, 31 August 2020) Reference is made to the stock exchange announcement by Nel ASA (the "Company") on 28 August 2020 regarding the exercise of employee share options. Today the exercise of employee share options was completed, and the obtained selling price was NOK 20,80.

As a result of reaching the cap on maximum NOK 5.00 NOK gain per option, 391,147 shares, out of the 6,048,000 shares issued, were added to the Company's holding of treasury shares. After the transfer, Nel holds 396,342 treasury shares in the Company.

After exercising options, primary insider David Bow will receive 157,691 shares. Following the finalization of the stock option exercise process, the primary insider holds 355,287 shares and 612,000 options with strike prices ranging from 7.8 to 21.72 NOK in the Company.

https://nelhydrogen.com/press-release/nel-asa-final-result-of-exercise-of-employee-share-options/

[TPX]

Nel ASA: Exercise of employee share options and issue of shares

(Oslo, 28 August 2020) Nel ASA (the Company) today has resolved, in accordance with the authorization granted by the general meeting on 13 May 2020, to issue 6,048,000 new shares to fulfil the Company's obligations in the groupwide share option program comprising all employees in Nel fulfilling certain criteria, specified in the Company's annual report (note 6), thereby increasing the Company's share capital by NOK 1,209,600.00. In total 137 employees in the group exercised 6,048,000 options, where 564,000 options were exercised at the strike price of NOK 3.14, and 5,484,000 options were exercised at the strike price of NOK 3.24.

As stated in the general terms and conditions of the share option plan, as well as in the participants' award agreement, the maximum gain is NOK 5.00 per share option, reached at share price of NOK 8.14 and NOK 8.24. If the cap is reached, a reduced number of shares will be transferred to the participants, and the remainder of shares issued will be added to the company's holding of treasury shares. Final information related to the number of shares transferred to share option holders and the number of shares added to the company's holding of treasury shares will be disclosed following the finalization of the stock option exercise process.



1. Options exercised by primary insiders 28 August 2020:

Anders Søreng, CTO of Nel, has exercised 240,000 options in the Company at the strike price of NOK 3.24

Bjørn Simonsen, VP Investor Relations and Corporate Communications of Nel, has exercised 160,000 options in the Company at the strike price of NOK 3.14 and 240,000 options at the strike price of NOK 3.24

David Bow, SVP Business Development of Nel, has exercised 160,000 options in the Company at the strike price of NOK 3.14 and 240,000 options at the strike price of NOK 3.24

Jørn Rosenlund, SVP Nel Hydrogen Fueling, has exercised 240,000 options in the Company at the strike price of NOK 3.24

Raluca Leordeanu, VP Business Development in Nel, has exercised 160,000 options in the Company at the strike price of NOK 3.14 and 240,000 options at the strike price of NOK 3.24



2. Transfer of rights and sale of shares

On 28 August 2020, the primary insiders mentioned below transferred their rights to receive shares resulting from the exercise of options to a third party. The final gain for the primary insiders will equal the cap of NOK 5.00 per share option exercised. Final sales price for the transferred rights will be reported to the stock exchange when known.

Anders Søreng

Bjørn Simonsen

Jørn Rosenlund

Raluca Leordeanu



In a related transaction the same day, David Bow sold 88,745 shares at NOK 20.46 per share. Bjørn Simonsen sold 486,661 shares at NOK 20.68 per share.


3. New holding

After exercising options, Anders Søreng holds 618,000 unexercised options in the Company with strike prices ranging from 7.8 to 21.72 NOK. As of today, the primary insider holds 331,899 shares in the Company.

After exercising options, Bjørn Simonsen holds 616,000 unexercised options in the Company with strike prices ranging from 7.8 to 21.72 NOK. As of today, the primary insider holds 1,516,138 shares in the Company.

After exercising options, David Bow holds 612,000 unexercised options in the Company with strike prices ranging from 7.8 to 21.72 NOK. As of today, the primary insider holds 197,596 shares in the Company. Following the finalization of the stock option exercise process, David Bow will receive a number of shares based on the market price obtained by the third party.

After exercising options, Jørn Rosenlund holds 634,000 unexercised options in the Company with strike prices ranging from 7.8 to 21.72 NOK. As of today, the primary insider holds 300,000 shares in the Company.

After exercising options, Raluca Leordeanu holds 640,000 unexercised options in the Company with strike prices ranging from 7.8 to 21.72 NOK. As of today, the primary insider holds 0 shares in the Company.

https://nelhydrogen.com/press-release/nel-asa-exercise-of-employee-share-options-and-issue-of-shares-3/

[TPX]

News! Nel ASA: Invitation to presentation of Q2 2020 results

(Oslo, 18 August 2020) Nel ASA (Nel) will announce the second quarter 2020 report on Wednesday 26 August at 07:00 CET and will host an open presentation at 08:00 CET.

The results presentation will be held at Skøyen Atrium, Askekroken 11, Oslo, Norway on 26 August at 08:00 CET. The presenter will be Jon André Løkke, CEO. The presentation will be held in English.

If you would like to attend the presentation, please register by email to [e-mail]. Due to Covid-19 restrictions, number of participants will be limited.

The presentation will be broadcasted live at www.nelhydrogen.com and can also be streamed at https://channel.royalcast.com/webcast/hegnarmedia/20200826_1/.

The report and presentation will be made available through www.newsweb.no and www.nelhydrogen.com.

https://nelhydrogen.com/press-release/nel-asa-invitation-to-presentation-of-q2-2020-results/

[slicknick617]

Anyone want to summarize what effect this employee share option will have on the share price ???

[slicknick617]

Anyone want to summarize what effect this employee share option will have on the share price ???

[TPX]

NEWS! Nel ASA: Employee Share Option Program

(Oslo, 6 August 2020) Nel ASA (the Company) today has resolved to grant options to additional employees of the Company that fulfill the requirements for participation in the employee share option plan. The grant of options is based on the authorization from Nel's annual general meeting of 13 May 2020 to issue new shares in connection with Nel's incentive plan for employees, and the same annual general meeting's adoption of the statement of the board regarding long term incentive plans.

A total of 262,000 share options were granted on terms and conditions equivalent to the options issued on July 8. Each option, when exercised, will give the right to acquire one share in the Company. The options are granted without consideration. Pursuant to the vesting schedule, 40% of the options will on July 8, 2022, and 60% of the options will vest on July 8, 2023. Vesting requires the option holder still to be an employee in the Company. The strike price of the options shall be NOK 21,72 based on the average price of the Nel ASA share the five trading days before July 8,2020 (NOK 20,11) and including an 8% premium. The options that have not been exercised will lapse 4 years on July 8, 2024. Gains per instrument is capped at NOK 5,00 maximum per share option.

https://nelhydrogen.com/press-release/nel-asa-employee-share-option-program-4/

[slicknick617]

This thing is just churning here at the $2 mark. Any thoughts on what it will do next ?

[TPX]

NEWS! Press Release: Awarded grant to develop a novel electrolyser stack to enable lower cost hydrogen generation



(Oslo, 27 July, 2020) Proton Energy Systems, Inc. (dba “Nel Hydrogen US”), a wholly owned subsidiary of Nel ASA (Nel, OSE:NEL), has been awarded a $4.4 million grant by the Department of Energy (DOE) for development of advanced components and manufacturing methods to enable low cost hydrogen from electrolysis.

The purpose of the project is to leverage the DOE National Lab capabilities to develop advanced cell configurations which optimize interactions between components such as flow and conductivity, and translate those configurations to low cost manufacturing methods in collaboration with project partners. These advancements will not only reduce the cost of the components being developed, but also the adjacent parts through this optimization.

“We are very excited to receive this award from the DOE. This project enables continuing progress on our technology strategy to decrease the cost of proton exchange membrane electrolysis,” says Kathy Ayers, Vice President R&D of Nel Hydrogen US.

The project is funded by the Hydrogen and Fuel Cell Technologies Office (HTFO) within DOE’s Office of Energy Efficiency and Renewable Energy, and part of DOE’s H2@Scale initiative, developed in response to the opportunity for hydrogen to provide improved efficiency and resiliency in multiple sectors including transportation and industry, and to realize gains in various industries using or producing hydrogen.

https://nelhydrogen.com/press-release/press-release-awarded-grant-to-develop-a-novel-electrolyser-stack-to-enable-lower-cost-hydrogen-generation-2/

[big johnny hell]

here is an article which may brighten the green hydrogen future for this company

https://www.msn.com/en-us/money/other/eu-s-energy-plan-backs-hydrogen-but-ngos-sense-hype/ar-BB16tRhn?ocid=msedgntp

[Televet]

Seems like this stock is getting a bit more attention. Steady increase in volume the last week or so.

[TPX]

NEWS! Nel ASA: (corr) Employee Share Option Program

(Updated with correct number of shares for Bjørn Simonsen and titles for certain employees)

(Oslo, 8 July 2020) Nel ASA (the Company) today has resolved to grant options to all employees of the Company that fulfill the requirements for participation in the employee share option plan. The grant of options is based on the authorization from Nel's annual general meeting of 13 May 2020 to issue new shares in connection with Nel's incentive plan for employees, and the same annual general meeting's adoption of the statement of the board regarding long term incentive plans.

A total of 12,579,142 share options were granted in a groupwide program comprising all employees in Nel fulfilling certain criteria. Each option, when exercised, will give the right to acquire one share in the Company. The options are granted without consideration. Pursuant to the vesting schedule, 40% of the options will vest two year after the day of grant, and 60% of the options will vest three years after the day of grant. Vesting requires the option holder still to be an employee in the Company. The strike price of the options shall be NOK 21,72 based on the average price of the Nel ASA share the five trading days before grant date (NOK 20,11) and including an 8% premium. The options that have not been exercised will lapse 4 years after the date of grant. Gains per instrument is capped at NOK 5,00 maximum per share option.

Primary insiders in Nel ASA have received the following grants of options, according to the terms described above:

Jørn Rosenlund, SVP Nel Hydrogen Fueling, has been granted 320,000 share options. Following the grant, he holds 300,000 shares and 874.000 options in the Company.

Filip Smeets, SVP Nel Hydrogen Electrolyser, has been granted 320,571 share options. Following the grant, he holds 0 shares and 320,571 options in the Company.
Kjell Christian Bjørnsen, CFO of Nel, has been granted 320,571 share options. Following the grant, he holds 0 shares and 320,571 options in the Company.
David Bow, SVP Business Development of Nel, has been granted 304,000 share options. Following the grant, he holds 286,341 shares and 1,012,000 options in the Company.
Hans Hide, SVP Projects of Nel, has been granted 316.000 share options. Following the grant, he holds 0 shares and 616,000 options in the Company.
Bjørn Simonsen, VP Investor Relations and Corporate Communications of Nel, has been granted 326,000 share options. Following the grant, he holds 2,002,799 shares and 1,016,000 options in the Company.
Raluca Leordeanu, VP Business Development in Nel, has been granted 318,000 share options. Following the grant, she holds 0 shares and 1,004,000 options in the Company.
Stein Ove Erdal, VP Legal and General Councel in Nel, has been granted 350,000 share options. Following the grant, he holds 0 shares 650,000 options in the Company.
Anders Søreng, CTO of Nel, has been granted 310,000 share options. Following the grant, he holds 331,899 shares and 858,000 options in the Company.

https://nelhydrogen.com/press-release/nel-asa-corr-employee-share-option-program/

[TPX]

NEWS! Nel ASA: Employee Share Option Program

(Oslo, 8 July 2020) Nel ASA (the Company) today has resolved to grant options to all employees of the Company that fulfill the requirements for participation in the employee share option plan. The grant of options is based on the authorization from Nel's annual general meeting of 13 May 2020 to issue new shares in connection with Nel's incentive plan for employees, and the same annual general meeting's adoption of the statement of the board regarding long term incentive plans.

A total of 12,579,142 share options were granted in a groupwide program comprising all employees in Nel fulfilling certain criteria. Each option, when exercised, will give the right to acquire one share in the Company. The options are granted without consideration. Pursuant to the vesting schedule, 40% of the options will vest two year after the day of grant, and 60% of the options will vest three years after the day of grant. Vesting requires the option holder still to be an employee in the Company. The strike price of the options shall be NOK 21,72 based on the average price of the Nel ASA share the five trading days before grant date (NOK 20,11) and including an 8% premium. The options that have not been exercised will lapse 4 years after the date of grant. Gains per instrument is capped at NOK 5,00 maximum per share option.

Primary insiders in Nel ASA have received the following grants of options, according to the terms described above:

Jørn Rosenlund, SVP Nel Hydrogen Fueling, has been granted 320,000 share options. Following the grant, he holds 300,000 shares and 874.000 options in the Company.
Filip Smeets, SVP Nel Electrolyser Division, has been granted 320,571 share options. Following the grant, he holds 0 shares and 320,571 options in the Company.
Kjell Christian Bjørnsen, CFO of NEL, has been granted 320,571 share options. Following the grant, he holds 0 shares and 320,571 options in the Company.
David Bow, SVP Sales and Marketing of Nel, has been granted 304,000 share options. Following the grant, he holds 286,341 shares and 1,012,000 options in the Company.
Hans Hide, SVP Projects of Nel, has been granted 316.000 share options. Following the grant, he holds 0 shares and 616,000 options in the Company.
Bjørn Simonsen, VP Market Development & PR of Nel, has been granted 326,000 share options. Following the grant, he holds 1,979,403 shares and 1,016,000 options in the Company.
Raluca Leordeanu, VP Business Development in Nel, has been granted 318,000 share options. Following the grant, she holds 0 shares and 1,004,000 options in the Company.
Stein Ove Erdal, VP Legal and General Councel in Nel, has been granted 350,000 share options. Following the grant, he holds 0 shares 650,000 options in the Company.
Anders Søreng, CTO of Nel and SVP Nel Hydrogen Electrolyser, has been granted 310,000 share options. Following the grant, he holds 331,899 shares and 858,000 options in the Company.

https://nelhydrogen.com/press-release/nel-asa-employee-share-option-program-3/

[TPX]

NEWS! Nel awarded grant for further cost and efficiency improvements of next generation alkaline electrolyser

(Oslo, 2 July 2020) Nel Hydrogen Electrolyser, a division of Nel ASA (Nel, OSE:NEL) has been awarded a grant from the Research Council of Norway for a research project which seeks to further improve the efficiency and cost of Nel’s next generation, pressurized alkaline electrolyser platform.

The project focuses on the continuous improvements of fundamental elements in the cell stack of Nel’s next generation alkaline electrolyser platform, already representing a novel stack design within the field of electrolysis. These improvements are expected to further support realization of large-scale electrolyser opportunities through lower total cost of ownership for Nel’s customers. Nel will collaborate with Norwegian research and development partners on the project to reduce both CAPEX and OPEX costs significantly.

“We are very excited to receive the support of the Norwegian Research Council for this project. It will help us continue basic research activities to further advance our next generation electrolyser platforms, helping maintain Nel’s technology leadership. This will in turn contribute to reduction of cost of green hydrogen, and stimulate on-site hydrogen generation from renewables to be used in the industry and transport sector,” says Marius Bornstein, Technology Manager in Nel Hydrogen Electrolyser.

The grant has a value of NOK 16 million, and the research project is scheduled to start in Q3-2020 and last until Q3-2022.

https://nelhydrogen.com/press-release/nel-awarded-grant-for-further-cost-and-efficiency-improvements-of-next-generation-alkaline-electrolyser/

[Televet]

I like your thinking!

[big johnny hell]

we'll, in my opinion this company would look like a great take over target. it's starting to have increased sales, and oil is on the downward trend. this would look good to any major oil company. the hand writing is on the wall for them.
the gradual conversion from gasoline to hydrogen would still make gas station relative going forward.

[Televet]

Maybe this is setting up for a steady move up. I'm in w 20k shares. Lot's new contracts including the NKLA project and the stock hasn't moved. Needs more PR and exposure.

[Televet]

NOK 150M = $16.5M USD

[big johnny hell]

this is great news for long term stock appreciation.

[TPX]

Nel ASA: Receives purchase order for multiple hydrogen fueling stations

(Oslo, 30 June 2020) Nel Hydrogen Fueling, a division of Nel ASA (Nel, OSE:NEL) has received a purchase order for multiple H2Station™ units from a large international company.

"We are honored that the company has chosen to go for our H2Station™ fueling solution, and we look forward to support their fueling station deployment", says Ulrik Torp Svendsen, Key Account Manager, Nel Hydrogen Fueling.

The value of the purchase order is in excess of NOK 150 million, and the H2Station™ modules which will be used for fueling of passenger vehicles in an existing market for Nel will be installed on multiple sites during 2021. Additional information on the project will be provided in the second half of 2020.

https://nelhydrogen.com/press-release/nel-asa-receives-purchase-order-for-multiple-hydrogen-fueling-stations/

[slicknick617]

ANYONE ???? What does this mean for the stock price ???

[slicknick617]

ANYONE ???? What does this mean for the stock price ???

[slicknick617]

I am not that adept at all of this private placement stuff. What does this mean for the share price ???? What can it mean for the future ?????

[TPX]

NEWS! Nel ASA: Private placement successfully completed

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 OF THE SECURITIES DESCRIBED HEREIN.

(Oslo, 15 June 2020) Reference is made to the stock exchange release from Nel ASA ("Nel" or the "Company") published on 15 June 2020 regarding a contemplated private placement. The Company announces today that it has raised approximately NOK 1,300 million in gross proceeds through a private placement (the "Private Placement") of 70,460,705 new shares (the "New Shares"), at a price per share of NOK 18.45. The transaction price represents a discount of 3.9% to the volume-weighted average price on the transaction day. The Private Placement took place through an accelerated bookbuilding process managed by Carnegie as Bookrunner, and Arctic Securities AS and Sparebank 1 Markets AS as Joint Lead Managers (together with Carnegie the "Managers") after close of markets on 15 June 2020.

The net proceeds from the Private Placement will allow the Company to pursue larger - and higher volume of projects as well as strategic opportunities. In addition, the Company will further build the organization, invest in R&D activities, and fund additional working capital requirements, as well as general corporate purposes.

The new shares to be issued in connection with the Private Placement will be issued based on a Board authorisation granted by the Company's general meeting held 13 May 2020. Allocated shares are expected to be settled on or around 18 June 2020 through a delivery versus payment transaction on a regular t+2 basis. However, the new shares will not be tradable before the new capital is registered by the Norwegian Register of Business Enterprises, expected on or about 17 June 2020, based on a pre-payment agreement with the Managers. Following registration of the new share capital pertaining to the Private Placement, the Company will have 1,401,395,488 shares outstanding, each with a par value of NOK 0.20.

The Board of Directors of the Company has resolved to carry out a subsequent offering of up to NOK 200m towards the Company's shareholders as of 15 June 2020 (as documented by the shareholder register in the Norwegian Central Securities Depository (VPS) as of the end of 17 June 2020) who were not allocated shares in the Private Placement (the "Subsequent Offering"). The subscription price in the Subsequent Offering will be equal to the subscription price in the Private Placement.

The Company has considered the Private Placement in light of the equal treatment obligations under the Norwegian Securities Trading Act and Oslo Børs' Circular no. 2/2014 and is of the opinion that the waiver of the preferential rights inherent in a private placement is considered necessary in the interest of time and successful completion. Taking into consideration the time, costs and expected terms of alternative methods of the securing the desired funding, as well as the subsequent offering considered, the Board of Directors has concluded that the conclusion of the Private Placement on acceptable terms at this time is in the common interest of the shareholders of the Company.

https://nelhydrogen.com/press-release/nel-asa-private-placement-successfully-completed-5/