Nel ASA: receives purchase order from Alperia Greenpower SRL for hydrogen fuelling equipment

"We are pleased to be chosen by Alperia to be the supplier of their first hydrogen fuelling station. It will also be Nel's first H2Station™ installation in Italy, and we are looking forward to deliver and demonstrate our performance and capabilities in this lighthouse project", says Robert Borin, future CEO of Cavendish Hydrogen.

The hydrogen fuelling station will primarily be built for the 2026 Winter Olympics to fuel vehicles for the transfer between the Olympic sports facilities. The contract has a total value of around €3.8 million and includes a 2-year service and maintenance contract. The station is scheduled to be operational in the 2H25.

Nel is preparing for a potential spin-off of its hydrogen fuelling activities under the name Cavendish Hydrogen. Subject to Nel's decision to complete the spin-off and pursue the separate listing of Cavendish Hydrogen, the shares in Cavendish Hydrogen are intended to be distributed to the shareholders of Nel as dividend in kind. The decision to spin off and separately list Cavendish Hydrogen has not yet been concluded, and no assurances can be given that it will be completed. However, if such a decision is made, the company plans to conduct the spin-off by the end of the 2Q24. If completed, the shares of Nel (comprising its electrolyser division) will remain listed on the OSE under the ticker 'NEL'.

Read the article online at: https://www.globalhydrogenreview.com/hydrogen/30052024/nel-asa-receives-purchase-order-from-alperia-greenpower-srl-for-hydrogen-fuelling-equipment/