NEL ASA

NEL will have Hydrasun manufacture the peripheral systems of its modular PEM electrolyzers in Aberdeen and integrate them into container-based complete systems, while the stacks will continue to be produced at the US plant in Wallingford. Hydrasun is building a production facility in Aberdeen for this purpose, funded by the Just Transition Fund, and is expected to create new jobs. The concluded framework agreement does not specify binding volumes or financial terms and is initially a strategic signal; reliable revenues depend on actual production and delivery. » More on finanzen.net

Nel has agreed with Hydrasun on a cooperation in which Hydrasun will develop production capacity for the assembly and integration of the containerized PEM electrolysis platform, while the stacks will continue to be manufactured in the USA. The aim is greater manufacturing flexibility and a more robust supply chain. The stock reacted briefly positively but remains near €0.20, as Nel is suffering from a weak order situation, reported a negative EBITDA in Q2 and has not announced any new major order. » More on deraktionaer.de

Nel ASA reported a drop in revenue from customer contracts to NOK 153m in Q2 2026 (-12% y/y) and reported EBITDA of minus NOK 155m, while adjusted EBITDA—after excluding a NOK 70m payment—remained stable. Total income fell to NOK 182m from NOK 215m a year earlier, while order intake rose to NOK 230m and the order backlog reached NOK 1.2bn. Management is banking on the new pressure-alkali platform to cut costs (CapEx reduction 40–60%) and, with NOK 1.3bn in cash, sees no immediate financing need. The stock fell about 2.25% in early trading to USD 2.17, and investors remain cautious due to slow revenue growth and a profitability shortfall. » More on de.investing.com