Nel ASA reports third quarter 2018 results


Nel ASA reported revenues in the third quarter of 2018 of NOK 116m ($13.9m), up from NOK 111.7m ($13.4m) in the third quarter of 2017.

The dedicated hydrogen (H2) company received several purchase orders during the quarter, recently announced the construction of the world’s largest electrolyser manufacturing plant and reiterates a strong market outlook.

“The third quarter of 2018 was a hectic quarter, reflecting both the momentum we are gaining across the world, as well as our ambitions for the future,” explained Jon André Løkke, Nel’s CEO.

“This includes announcing the construction of the world’s largest electrolyser plant in Norway, opening our new state-of-the-art H2Station factory in Denmark, and also key purchase orders like the first power-to-gas project in Australia.”

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