Nel, a Norwegian manufacturer, has officially secured a €135m grant from the EU's Innovation Fund to advance its pressurized alkaline hydrogen electrolyser technology. This funding is intended to industrialize a new design that promises higher efficiency and faster response times for better integration with renewable energy sources. Nel views this grant as a crucial step in their mission to scale up green hydrogen production and support Europe's climate objectives. However, recent challenges have emerged for Nel as they announced job cuts and a temporary halt in the production of alkaline technology due to slower-than-expected adoption rates. Despite receiving grants, Nel has postponed the construction of a new electrolyser factory in Michigan until there is sufficient market demand, highlighting the importance of economic viability. The company's financial difficulties are evident from a significant decrease in order backlog and cash reserves, signaling the need for a robust market before further investments can be made.