Norwegian-based Nel has revealed increases in revenue, income and orders in the second quarter of 2023, while losses continue.
The company has reported revenue and income of NOK 475m ($47.2m), up 159% from Q2 2022, across all segments including PEM and alkaline electrolysers as well as fuelling.
Additionally, its order intake in the quarter shot up by 81% from the previous year, amounting to NOK 428m ($42.5m), of which 54% from its electrolysers, seeing its order backlog reach NOK 2,964m ($294.7m), with 84% related to electrolysers, up 106% from Q2 2022.
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