Nel, Rheinmetall to Jointly Explore Renewable Fuel Production

02:45 AM EDT, 10/13/2026 (MT Newswires) -- Norwegian hydrogen technology company Nel (NEL.OL) entered into a memorandum of understanding with Rheinmetall (RHM.F) to evaluate the scope for localized production of low-carbon synthetic fuels for defense and critical infrastructure. Under the agreement, both parties will assess potential sites, infrastructure requirements, renewable power access, sustainable carbon sources, and priority use cases, according to a Tuesday release. The nonbinding agreement entails the use of Nel's electrolyser technology and the German defense group's Giga PtX concept and systems-integration skills.