Nel Asa (NLLSF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning from Oslo. We are ready to announce NEL's third quarter 2025 results presentation. My name is Håkon Voldahl. Sorry, the microphone is on, Vilhelm. My name is Håkon Woldahl. I am the CEO of Nell. With me today, I have our CFO, Kjell Christian Bjørnsen, and also Vilhelm Flinders, our Head of IR, Communication and Marketing. We have the following agenda. Nell in brief, highlights from the third quarter. a short commercial update, a short political update, and a short technology update. And we will, as always, end the session with questions and hopefully answers. Nell is a fully dedicated electrolyzer technology company. We have been listed on the Oslo Stock Exchange since 2014. We have sold more than 7,000 electrolyzer stacks across the world. I think if we do the count, it's now more to more than 80 countries. And we have been in business since 1927. We have 1.5 gigawatts of manufacturing capacity. one gigawatt here in Norway and half a gigawatt in the US for PEMP. We are about 350 employees. At the moment, we are investing heavily in R&D to develop next generation platforms. We have a global sales and office network. We have become a preferred partner with industry leaders such as Samsung, Reliance and General Motors. And we have 1.8 billion in cash reserves. Our value proposition is based on a long track record, what we call an arrival track record. As I just mentioned, we can trace our history back to 1927. That gives us decades of experience more than any other electrolyzer OEM today. We also have a large installed base that we can learn from in terms of performance and energy consumption and degradation and all the important things that customers want to know. we claim technology leadership we have multiple technology platforms both what we call the a...