Nel: CRA cancellation from Hy Stor Energy
Yesterday, Nel announced the cancellation of its multi-year capacity reservation agreement (CRA) with Hy Stor Energy. Signed in April 2024, this agreement represented more than 1GW of alkaline electrolyser capacity combined over 2025/2027. The project was not accounted for in Nel's backlog as it waNEL ASA develops diagnostic tests for early detection of diseases. Co.'s patented method is based on identifying disease-specific gene expression signatures from sample materials, such as blood. Co.'s products in development phase include MCItect, for patients with Mild Cognitive Impairment (MCI) aimed to detect Alzheimer disease within two years prior to onset of dementia, and ADtect, for the detection of mild to moderate Alzheimer disease, as well as one project in discovery phase, namely AMYtect, for brain amyloid detection.
Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.
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