Last week, Oslo’s Nel ASA (ticker: NEL) reported it had received a $5.5 million purchase order from Salt Lake City’s Nikola Motor Company.

It sounds like the normal course of business, except when you consider the order from the Utah-based semi-truck manufacturer was responding to a bump in demand for its hydrogen electric over-the-road trucks.

Nel Hydrogen is a manufacturer of hydrogen fueling stations. Nel’s CEO Jon André Løkke said these first stations for Nikola Motors are demo stations that “will lay the groundwork for the world’s la...


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