News from Norway
Weak Quarterly Figures: Nel ASA Reports Revenue Decline and Higher Loss in Q2 2025 – Order Intake Plummets
18 Jul 2025 08:50 | Oslo, Norway – Norwegian electrolyzer specialist Nel ASA recorded a significant drop in revenue in the second quarter of 2025. Revenue from customer contracts fell to NOK 174 million (approx. EUR 14.6 million), representing a 48% decline compared to the same quarter last year (Q2 2024: NOK 332 million / approx. EUR 27.8 million). read more...
Offshore Wind as a Bargaining Chip? Trump Administration Lifts Construction Halt on Equinor Offshore Wind Farm – Gas Deal in the Background
22 May 2025 08:57 | Münster, Germany – After a roughly five-week halt due to a construction freeze ordered by the U.S. Department of the Interior, Norwegian energy company Equinor can now resume construction of the Empire Wind offshore wind farm in the U.S. state of New York. It remains unclear whether concessions on a major gas project played a decisive role in the U.S. government's change of heart. read more...
Nel ASA Stock Falls: Statkraft Halts Hydrogen Project with Nel ASA and Cancels 40 MW Contract
02 May 2025 09:54 | Oslo, Norway – The hydrogen company Nel ASA has announced that energy giant Statkraft has cancelled a contract for a 40 MW alkaline electrolyzer. Nel ASA’s stock has experienced a significant drop. read more...
CO2 Storage: Northern Lights Consortium Invests more than Half a Billion Euros in Phase 2 of CCS Project
11 Apr 2025 09:28 | Stavanger, Norway – CCS (Carbon Capture and Storage) refers to the capture and storage, or CCU (Carbon Capture and Usage) to the capture and utilization of CO2. The application of CCS/CCU technologies and their impact on climate protection remain controversial. In Norway, a major CCS project has recently received the green light for the implementation of its second phase. read more...
BP Joint Venture Order: Nel ASA Delivers Hydrogen Electrolyzer for Hydrogen Hub in Scotland
20 Mar 2025 16:33 | Oslo, Norway – Nel Hydrogen US, a subsidiary of the Norwegian hydrogen specialist Nel ASA, has received an order for a PEM electrolyzer. The containerized PEM unit of the MC500 type, with a capacity of 2.5 MW, is intended for the Aberdeen Hydrogen Hub project in the northeast of Scotland. read more...
Norwegian Utility Takes Over: PNE AG Sells Swedish Companies With Project Pipeline
22 Jan 2025 08:47 | Cuxhaven, Germany - PNE AG sold its two Swedish subsidiaries PNE Sverige AB and VKS Vindkraft Sverige AB in mid-January 2025. The buyer is the Norwegian energy supplier Aneo. read more...
Share Price Rises: Nel ASA Receives Further Order For 10 MW Hydrogen Electrolyzer From Samsung C&T
03 Dec 2024 15:38 | Oslo, Norway - Nel Hydrogen Electrolyser AS, a subsidiary of Nel ASA, has signed a new contract with Samsung C&T Corporation Engineering & Construction Group for a 10 MW alkaline electrolyzer plant worth approximately EUR 5 million. read more...
Focus on Core Markets: Scatec Sells Stake in African Hydropower Plants to Total Energies
30 Jul 2024 10:50 | Oslo, Norway - Norwegian renewable power producer Scatec has signed an agreement with French energy group Total Energies to sell Scatec's 51 percent stake in the African hydropower joint venture with Norfund and British International Investment (BII). read more...
Power Supply Contracts: Scatec Signs PPA With Statkraft For Solar Power Plant In Brazil
26 Apr 2024 10:24 | Oslo, Norway - The importance of long-term power purchase agreements (PPAs) in the course of the energy transition is also increasing outside Europe. The Norwegian energy group Scatec has now signed a comprehensive power purchase agreement (PPA) with Statkraft Energia do Brasil Ltda in Brazil. read more...
Decarbonization of Aviation: Norsk e-Fuel Concludes Central Offtake And Investment Agreements For Ramp-up of e-Fuels Production
24 Jan 2024 15:06 | Frankfurt am Main, Germany - E-fuel project developer Norsk e-Fuel has signed several key partnerships and significant offtake and investment agreements. read more...
