Placing of shares in Nel ASA (NO) — NOK 117 million

Carnegie acted as financial advisor in Nel’s sale of Everfuel shares to a company owned by the leading Japanese corporations Itochu Corporation and Osaka Gas to further streamline Nel’s business model.

Nel has a history tracing back to 1927 and is today a leading pure play hydrogen technology company with a global presence. The company specializes in electrolyser technology for production of renewable hydrogen, and hydrogen fueling equipment for road-going vehicles. Nel’s product offerings are key enablers for a green hydrogen economy, making it possible to decarbonize various industries such as transportation, refining, steel, and ammonia.