Coronavirus: Nel implements strict measures

Coronavirus: Nel implements strict measures

Nel has implemented strict measures to ensure the safety of its employees and customers, amid the escalation of coronavirus (Covid-19).

The majority of the Nel’s activities at its Wallingford facility in Connecticut have been temporarily suspended until the second half of April 2020 following the state of Connecticut’s executive order.

Governor Ned Lamont on Friday directed all non-essential businesses and not-for-profit entities in Connecticut to prohibit all in-person functions if they are able to, effective today (23rd March) at 8pm.

Nel said its activities in Norway and Denmark are continuing in line with national and local recommendations.

“We have been following the situation closely from the start and implemented procedures as recommended by the World Health Organisation and national authorities,” CEO Jon André Løkke said in a statement released yesterday.

“The safety and well-being of our employees and co-citizens are our top priority and we have implemented additional strict measures to ensure continued and safe operations.”

“Following a state executive order in Connecticut, we are temporarily suspending manufacturing at the Wallingford plant, while maintaining the other parts of the business and continuing operations at the other locations.”

“We are taking mitigating actions to reduce impact of the temporary issues and are in close dialogue with the affected customers.”

As a result of international travel restrictions, Nel said it expects some delays in installing and commissing its H2Station®.

The company also said disruptions in the supply chain may impact deliveries over the coming months.

But Løkke said with no debt and a strong cash balance, Nel is financially well equipped to manage the situation.

The company expects no projects and orders to be cancelled.

“The underlying market activities and interest in hydrogen as a key decarbonising vector remains strong, and despite the extraordinary situation, we reiterate the positive market outlook,” he said.


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