Nel ASA (NLLSF)

[srm4u]

no wonder this is going up, volume and price same news different link....

Awarded Everfuel contract for Fredericia hydrogen project
Dec 30, 2020 1:10 pm GMT

"This is a major step towards establishing our own green hydrogen production through the HySynergy electrolyser in Fredericia in close cooperation with Shell's refinery operations. It will feed hydrogen directly into the Everfuel value chain, connecting renewable energy production and electrolysis with distribution on high-capacity hydrogen trailers to fueling stations and end-users. This is at the core of our ambition of commercializing the green hydrogen value chain for zero-emission mobility," says Jacob Krogsgaard, CEO of Everfuel.

The Everfuel contract is subject to approval by the Board of Directors and has a value of EUR 7.2 million.

Separately, with reference to the press release dated 25 November 2020, Everfuel and Nel has executed the final agreement for the joint venture to develop the hydrogen fuel market for retail and trucking customers in Norway. Everfuel will assume 51% ownership of H2FuelNorway AS (H2Fuel), which will be renamed Everfuel Norway Retail AS from early 2021. Nel will hold the remaining 49% of the shares in Everfuel Norway Retail AS.
https://energycentral.com/news/awarded-everfuel-contract-fredericia-hydrogen-project