Nel ASA will now be recognised as a company solely dedicated to developing and delivering electrolysers.
The company’s former fuelling division has now been spun out and listed on the Oslo Stock Exchange as Cavendish Hydrogen, which will focus on hydrogen fuelling equipment for heavy-duty vehicles.
Read more:Cavendish Hydrogen applies for Oslo Stock Exchange Listing
Following the spin-off, Nel will have approximately 450 employees in Norway and the US committed to developing and improving its PEM and alkaline electrolysers. It also says it will heavily invest in both pressurised alkaline and PEM technologies.
