Nel Asa (NLLSF) Q1 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.036 The NEL team consisting of CFO Kjell-Christian Bjørnsen, Head of 00:00:05.036 -- 00:00:10.862 Investor Relations and Communication, Wilhelm Flinder, and me, Håkon Waldahl, CEO, 00:00:10.862 -- 00:00:16.105 are ready to present our first quarter 2025 results. 00:00:24.595 -- 00:00:26.947 We have the following agenda. 00:00:26.947 -- 00:00:31.933 shortly about Nel. Then we move on to the Q1 highlights. 00:00:31.933 -- 00:00:37.199 We have a commercial update with the recent contract wins 00:00:37.199 -- 00:00:42.184 and also more general comments about the current state of the hydrogen market. 00:00:42.184 -- 00:00:47.250 We will touch on technology and some updates on our development 00:00:47.250 -- 00:00:53.815 efforts and we'll round it off with the partnership update and the usual Q&A. 00:00:55.533 -- 00:01:01.639 Now, Nell is a fully dedicated electrolyzer technology company founded in 1927 00:01:01.639 -- 00:01:05.483 and listed on the Oslo Stock Exchange in 2014. 00:01:05.483 -- 00:01:08.226 We have sold more than 7,000 00:01:08.226 -- 00:01:11.529 electrolyzer stacks to more than 80 countries. 00:01:11.529 -- 00:01:17.095 We have 1.5 gigawatt of production capacity, 1 gigawatt for alkaline 00:01:17.095 -- 00:01:22.560 electrolyzers in Norway and half a gigawatt for PEM electrolyzers in the US. 00:01:22.560 -- 00:01:26.093 We're now close to 400 employees. 00:01:26.093 -- 00:01:30.498 We continue to invest heavily in R&D to develop 00:01:30.498 -- 00:01:33.441 next-generation alkaline and PEM technologies. 00:01:33.441 -- 00:01:35.844 We have a global sales and office network. 00:01:35.844 -- 00:01:41.049 We have become the preferred partner for industry leaders, as we will 00:01:41.049 -- 00:01:47.554 talk more about later to...