Norwegian electrolyser firm Nel has announced it will cut jobs and temporarily halt production of its alkaline hydrogen production technology as it faces slow uptake.
The longstanding hydrogen technology company said order intake in 2023 and 2024 “fell short of expectation” with several customer projects delayed or “at risk of being cancelled.”
Furthermore, Nel said that a customer has failed to pay for delivered equipment, with payment now being more than a year overdue, and is undertaking a process to retain ownership of the equipment.
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