Today marks a significant milestone for Nel as we become a fully dedicated electrolyser company, focusing 100% on developing and delivering world-class electrolysers for renewable hydrogen production 👊 “Nel has almost a century of experience developing electrolysers and has installed thousands of systems around the world. Building on our unparalleled track record, we will, from now on, spend one hundred percent of our capacity and hydrogen know-how on developing and delivering the most reliable and energy-efficient electrolysers,” says Håkon Volldal, CEO of Nel. This transformation coincides with the spin-off of our former Fueling division, now listed on the Oslo Stock Exchange as Cavendish Hydrogen. We extend our best wishes to our former colleagues, who will now focus on hydrogen fueling equipment for heavy-duty vehicles.
Cavendish was valued for the current shareholders at nok 1 billion, now after 4 days that value has halved to 0,5 billion. Great that nel can focus on core business, but at the expense of current shareholders. What bad gouvernance! What will you do to reimburse shareholders?
Otto J. Band
1mo
Congrats and Good luck! Yo will need it!
Mark Zigante
1mo
Good luck 🍀
Tanmoy Pal
1mo
Best wishes on the journey Ingrid!
Read more here: https://nelhydrogen.com/articles/in-depth/a-fully-dedicated-electrolyser-company/