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Nel ASA receives order for four additional H2Station modules from Iwatani

Nel Hydrogen Fueling received a purchase order for an additional four H2Station units for fueling of light-duty vehicles in California from Iwatani Corporation of America, a wholly owned subsidiary of Iwatani Corporation.

"The stations will serve existing as well as new fuel cell electric vehicles with zero-emission fuel, at the same convenience as conventional fuels. With our new Nel Inc. entity currently based in the Los Angeles area we now look forward to expanding our business in South California and supporting Iwatani," said Ulrik Torp Svendsen, Global Key Account Manager, Nel Hydrogen Fueling.

The value of the purchase order is in excess of USD $4.6 MM for the four H2Station modules which will be delivered in addition to the 14 H2Station modules ordered from Iwatani in 2020.