- Nel Hydrogen Inc., a subsidiary of Nel ASA ( OTCPK:NLLSF ) has signed a capacity reservation pact with an undisclosed US energy company, for the delivery of 16 hydrogen fueling stations to be deployed in the US.
- The manufacturing of the equipment at Nel's factory in Herning, Denmark, will commence when a final purchase order is signed.
- The value of the CRA is about $7M and is paid upon signature.
- The final purchase order (including the CRA fee) is estimated to be about $17M, whereas a final pact is expected to be made in H1 2023.
- Delivery of the fueling equipment is scheduled to commence in Q4 2023 and run throughout 2024.
For further details see:
Nel ASA's subsidiary inks capacity reservation pact for 16 hydrogen fueling stations