“Nel has almost a century of experience developing electrolysers and has installed thousands of systems around the world. Building on our unparalleled track record, we will, from now on, spend 100% of our capacity and hydrogen know-how on developing and delivering the most reliable and energy-efficient electrolysers,” said Nel’s CEO, Håkon Volldal.
Nel’s CEO said this on the same day that Nel’s former fuelling division was spun out and listed on the Oslo Stock Exchange as Cavendish Hydrogen. Volldal sends his best wishes to his former colleagues, who now focus on developing hydrogen fuelling equipment for heavy-duty vehicles.
“Cavendish has a solid starting point with lots of relevant experience from the light-duty fuelling market, a diverse and strong customer base, a competent organisation and now also a dedicated board of directors. I am convinced they can succeed, and I wish them the best of luck,” said Volldal.
After the spin-off, Nel will have approximately 450 employees in Norway and the US. These resources will dedicate all their time to delivering on Nels's ambition to offer the most energy-efficient and reliable electrolysers in the industry at scale.