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Nel ASA: Overview

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Nel ASA (Nel) is a hydrogen technology company. It specializes in water electrolysis systems for renewable hydrogen production. Its product includes alkaline and proton exchange membrane (PEM) electrolysers. The company’s offerings include the PSM Series MW-class PEM stack modules, MC Series containerized PEM electrolysers, atmospheric alkaline electrolysers, and compact PEM units such as the C, H, and S Series. Its systems support hydrogen generation for industrial use, energy storage, and fueling applications. It serves transportation, steel, refining, ammonia production, and renewable energy. Nel is headquartered in Oslo, Norway.

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Headquarters Norway
Address Karenslyst Alle 49, Oslo, 0279
Website nelhydrogen.com
Telephone 47 2 3248950
No of Employees 320
Industry Alternative Energy
Ticker Symbol & Exchange NEL (OSL)
Revenue (2024) $92.7M -30.7% (2024 vs 2023)
EPS XYZ
Net Income (2024) XYZ -417.8% (2024 vs 2023)
Market Cap* $419.4M
Net Profit Margin (2024) XYZ -647.2% (2024 vs 2023)
* As of and is in US$
View Nel ASA financials
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Nel ASA premium industry data and analytics

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Tenders & Contracts

Detailed insights into open, awarded and pre-solicited tenders and contracts for Nel ASA.

1

Energy Storage Projects

Understand the energy storage landscape for Nel ASA, drawing on intelligence spanning electrochemical, electromechanical, thermal and hydrogen storage.

1

ICT Spend & Tech Priorities

IT Client Prospector provides intelligence on Nel ASA’s likely spend across technology areas enabling you to understand the digital strategy.

Products and Services

Products
Water Electrolysers and Hydrogen Generators:
Atmospheric Alkaline Electrolyser
PEM Electrolyser – PSM Series
XYZ
XYZ
XYZ
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History

History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.

Year Event Description
2026 New Products/Services In May, the company introduced its next‑generation pressurized alkaline electrolyser system.
2026 Contracts/Agreements In April, Nel Hydrogen US secured a US$7 million contract from Douglas County Public Utility District in East Wenatchee, Washington, for PEM electrolyser equipment.
2026 Contracts/Agreements In April, Nel Hydrogen US secured a purchase contract from Mesure Process for containerized PEM electrolyser equipment for its European project.
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Competitor Comparison

Key Parameters Nel ASA Plug Power Inc Hexagon Composites ASA FuelCell Energy Inc HydrogenPro ASA
Headquarters Norway United States of America Norway United States of America Norway
City Oslo New York City Alesund Danbury Porsgrunn
State/Province - New York - Connecticut Telemark
No. of Employees 320 2,290 872 424 87
Entity Type Public Public Public Public Public
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Executives
Name Position Board Since Age
Ole Enger Chairman Executive Board 2017 78
Hakon Volldal Chief Executive Officer Senior Management 2022 50
Kjell Christian Bjornsen Chief Financial Officer Senior Management 2020 50
Marius Løke Chief Technology Officer Senior Management 2023 49
Stein Ove Erdal Chief Legal Officer Senior Management 2019 47
Non Dignissim Eros Proin vel Convallis 2026 XY
Non Dignissim Eros Proin vel Convallis 2026 XY
Non Dignissim Eros Proin vel Convallis 2026 XY
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