Nel ASA's hydrogen refuelling division, Cavendish Hydrogen, has taken a significant step by applying for admission to trade on the Oslo Stock Exchange as a separate entity known as Cavendish Hydrogen ASA. The spin-off and listing process is in motion, contingent upon various conditions being met, including approval by the Oslo Stock Exchange and Nel's Board of Directors. The global coordination for this endeavor is being handled by Carnegie AS, with Artic Securities AS and Fearnley Securities AS acting as the joint lead managers. Cavendish Hydrogen recently received its first purchase order for hydrogen refuelling equipment from Alperia Greenpower SRL for a station in South Tyrol, Italy. This station will play a crucial role in refuelling vehicles shuttling between sports facilities during the 2026 Winter Olympics. Nel has transferred all its fuelling assets to Cavendish Hydrogen and appointed a new CEO, Robert Borin, to lead the company post-spin-off. While the process is on track for completion by the end of Q2 2024, uncertainties remain regarding its successful conclusion. Overall, the article portrays a positive outlook on Cavendish Hydrogen's future prospects and its involvement in supporting green transportation initiatives.