Hydrogen: Nel ASA Reaches Settlement With Iwatani and Ends U.S. Legal Dispute

Oslo, Norway – Norway’s Nel ASA has reached an out-of-court settlement in its legal dispute with Iwatani Corporation of America, which has been ongoing since 2024. The case concerned agreements for the supply of hydrogen refuelling equipment and related services for hydrogen filling stations in California. In addition to Nel, several companies that are now part of Cavendish Hydrogen ASA, as well as four individuals, were named in the proceedings.

Under the settlement agreement, Nel ASA will pay USD 7.5 million (approximately EUR 6.7 million). The settlement avoids further legal costs and removes litigation risks associated with the case in the United States.

According to the parties involved, the dispute has been resolved amicably. Iwatani, Nel and Cavendish Hydrogen also reaffirmed their shared interest in further expanding hydrogen refuelling infrastructure and did not rule out future cooperation.

Source: IWR Online, 15 Jun 2026