Nel earns a quick $20m from renegotiating supply contract for Fortescue's first US green hydrogen project

The unexpected income is a short-term boost for the Norwegian electrolyser maker, which did not announce any new supply deals in the fourth quarter of 2023

A rendering of the proposed Phoenix Hydrogen Hub.
A rendering of the proposed Phoenix Hydrogen Hub.Photo: Fortescue
Published 2 February 2024, 14:06Updated 2 February 2024, 14:06