🟢 Nel is trading 11% up today after Rheinmetall MoU to explore renewable synthetic fuels

Nel is trading at €0.21, up +11.02%, with its October 13 Rheinmetall announcement appearing to be the company-specific catalyst.

• The non-binding memorandum of understanding explores decentralized production of renewable synthetic fuels, combining Nel’s electrolyser technology with Rheinmetall’s Giga PtX concept for defense and critical-infrastructure applications.
• It covers feasibility assessments, not orders or committed revenue, and does not establish a near-term financial contribution.