Nel raises EUR 85 million to strengthen balance

The Norwegian-Danish hydrogen firm must increase activity and strengthen its balance even more quickly than expected, Nel writes. The amount of EUR 84.9 million is meant to reinforce the company's position among its competitors.
Photo: PR / NEL
Photo: PR / NEL

For the past many quarters, Nel's financials have shown a kind of one-way traffic, and for the third quarter 2019, the company's only uncertainty was whether the deficit would amount to a double- or triple-digit deficit in the millions (NOK).

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Recent years have mauled global turbine industry, and German Nordex also notes growing deficits. | Foto: Nordex

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