Nel reiterates ‘strong outlook’ in Q2 results

It seems like renewable hydrogen will play a vital role in The Green Deal that should contribute to Europe becoming the first carbon neutral continent in the world, and Nel aims to leverage on these opportunities going forward.

That’s what the global dedicated hydrogen company’s CEO Jon André Løkke said today as Nel released its second quarter (Q2) of 2020 financial results.

“Nel targets to have a strong financing to execute on our strategic plans. The private placement and subsequent offering were both oversubscribed, showing a solid backing from our shareholders,” Løkke said.

“We want to maintain and strengthen our leading position in a growing market through accelerated investments in technology and organisation, and experience an increased importance of being a financially strong counterpart, especially for larger contracts.”

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