Nel books both record revenue and loss in 2019

The Danish-Norwegian hydrogen company seriously began its path to large-scale production in 2019, and this has resulted in record-high revenue – but also an unprecedented red bottom-line result. However, an order book filled to the brim amid a more mature market could make 2020 a turning point for Nel.

by VICTOR EMIL KRISTENSEN

To start off with the good news, 2019 was the year when Nel finally moved beyond its status as scrappy startup.

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