Nel ASA secures an additional $29 million in tax credits for manufacturing in Michigan


  • A subsidiary of Nel ASA (OTCPK:NLLSY) awarded up to about $29 million in additional investment tax credits for its planned manufacturing expansion in Michigan as part of the Qualified Advanced Energy Projects Tax Credit program.
  • Accumulated, Nel (OTCPK:NLLSY) has now secured nearly $200 million in support in both tax credits and other grants from the State of Michigan and the Department of Energy.



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