Nel ASA

Oslo – October 14, 2026 -- Nel Hydrogen US, a subsidiary of Nel ASA (OSE: NEL), has received a purchase order worth about USD 12 million from an undisclosed U.S.-based global technology company for multiple containerized PEM electrolyser units and related services.

Order covers MC-series units with delivery estimated in 2027

The order is for Nel's MC-series, a containerized PEM electrolyser platform built for on-site hydrogen production. Delivery is estimated for 2027. The customer's name was not disclosed.

Nel will build the stacks in Wallingford, Connecticut

Production of the stacks will take place at Nel's facility in Wallingford, CT. The company said the containerized format supports faster installation and integration in technology environments where performance, reliability and supplier execution are critical.

Oslo – October 13, 2026 -- Nel ASA and Rheinmetall AG have signed a non-binding Memorandum of Understanding to explore decentralised production of low-carbon synthetic fuels for defence and critical infrastructure, starting with the Norwegian market.

The partners will combine Nel's electrolyser technology with Rheinmetall's Giga PtX concept and systems-integration expertise. They will assess scalable, modular solutions based on renewable hydrogen produced through electrolysis. The resulting fuels can substitute conventional fuels without changes to end-use applications.

Norway's single refinery drives the case for localised fuel supply

Norway operates only one oil refinery. The country exports significant volumes of crude oil to Europe for refining, and refined products are then shipped back for domestic use. In a disruption, parts of the fuel supply chain depend on infrastructure beyond national control.

Pune – October 02, 2026 -- The global water electrolysis market reached USD 7.43 billion in 2025 and is projected to climb to USD 12.66 billion by 2034, a 6.1% CAGR through the forecast period, according to a new report from Maximize Market Research (MMR).

Installed electrolysis capacity more than doubled to above 4 GW in 2025

Global installed electrolysis capacity surpassed 4 GW last year, with over 2.5 GW under construction and targeting operation in 2026. Capital spending on low-emissions hydrogen projects reached nearly USD 7 billion in 2025, almost double the 2024 figure, with electrolysis-based projects capturing the larger share of that total.

Oslo – September 30, 2026 -- Nel ASA's US subsidiary, Nel Hydrogen US, has secured approximately USD 7 million in new purchase orders from Collins Aerospace for PEM electrolyser stacks used in submarine life-support systems, pushing the company's total submarine-related order intake from Collins Aerospace to roughly USD 20 million this quarter.

New orders cover US, UK and French naval programs

The latest orders relate to submarine programs across three countries and will be booked as order intake in the third quarter of 2026. They follow a USD 12 million purchase order announced on September 29, 2026, along with several smaller orders received earlier in the month, bringing the combined value from Collins Aerospace to approximately USD 20 million.

Oslo, Norway – September 29, 2026 -- Nel ASA has secured a purchase order worth approximately USD 12 million from Collins Aerospace for PEM electrolyser stacks destined for US Navy submarine life-support systems. The order was placed through Nel Hydrogen US, a subsidiary of the Oslo-listed hydrogen technology company (OSE: NEL).

Collins Aerospace extends long-running defence procurement with Nel

The stacks will generate oxygen for submarine crews, an application where equipment failure carries direct safety consequences. Nel's Chief Commercial Officer, Todd Cartwright, said the order extends a long-standing cooperation with Collins Aerospace built around reliable oxygen generation for demanding submarine applications, and confirms the continued relevance of the company's PEM technology and manufacturing capabilities.

Oslo – September 16, 2026 -- Nel ASA (OSE: NEL) has signed a framework agreement with Hydrasun to build a dedicated European assembly and integration facility for its modular MC Series PEM electrolyser platform, adding capacity beyond its existing US operations.

Hydrasun will integrate balance-of-plant systems while Nel retains stack production in Connecticut

Under the agreement, Hydrasun will procure, integrate, and manufacture the balance of plant systems surrounding Nel's electrolyser stacks, delivering a fully integrated, containerized offering. Stack production remains at Nel's Wallingford, Connecticut facility in the US, with Hydrasun handling final assembly for European markets.