Nel ASA
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Hakon Rypern Volldal
- Full Time Employees
- 346
- Sector
- Industrials
- Industry
- Industrial - Machinery
- Address
- Karenslyst allé 49 Oslo PS Norway 0279
- IPO Date
- Apr 26, 2018
- Website
- nelhydrogen.com
- Similar Companies
- Business
- Nel ASA, a Norway-based hydrogen company founded in 1927 and headquartered in Oslo, provides solutions to produce, store and distribute renewable hydrogen globally through its two main segments, Nel Hydrogen Electrolyser and Nel Hydrogen Fueling; the Electrolyser segment supplies hydrogen production equipment based on alkaline water electrolysis technology, including atmospheric and pressurized alkaline electrolysers, and proton exchange membrane (PEM) water electrolysis technology with containerized systems such as the MC 500, serving industries including maritime, refining, steel, cement, ammonia, fertilizer and energy; the Fueling segment manufactures hydrogen fueling stations, branded H2Station, for fuel cell electric vehicles ranging from cars to buses and trucks. Nel operates production facilities in Herøya, Norway, for alkaline electrolysers with 1 GW annual capacity following the operationalization of Line 2 in 2025, Wallingford, USA, for PEM stacks, and Herning, Denmark, for fueling stations, delivering equipment to over 80 countries across Europe, North America, Asia, Africa, South America and Oceania. Recent developments include a March 2025 EPC collaboration agreement and private placement with SAMSUNG E&A, under which the South Korean firm acquired a 9.1% stake for NOK 353 million ($33 million) to become Nel's largest shareholder and integrate Nel's electrolysers into complete hydrogen plants; a November 2025 PEM purchase order valued over $50 million from the HyFuel and Kaupanes 20 MW projects in Norway, supported by Enova grants and marking Nel's second-largest contract; a purchase order for PEM stacks from Collins Aerospace for US Navy submarine oxygen generation; EUR 135 million EU Innovation Fund grant in October 2024 for next-generation pressurized alkaline technology industrialization at Herøya targeting up to 4 GW capacity; and an equity stake acquisition in spin-off Cavendish Hydrogen.
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