Nel ASA (Nel), formerly DiaGenic ASA, operates as a hydrogen company. It carries out the production, supply, and distribution of hydrogen technology from renewable energy for industrial and energy purposes. The company's products include water electrolyzers, hydrogen generators and hydrogen fueling equipment. Nel offers hydrogen stations for transport and renewable energy storage solutions. The company’s water electrolyzers and hydrogen generator products include atmospheric alkaline electrolyzers, PEM electrolyzers, containerized PEM electrolyzers and other series of PEM electrolyzers. It serves the transportation, energy and gas industries. The company operates in Norway, the US, Denmark, South Korea and China. Nel is headquartered in Oslo, Norway.
Headquarters
Norway
Address
Karenslyst Alle 49, Oslo, 0279
Website
nelhydrogen.com
Telephone
47 2 3248950
No of Employees
631
Industry
Alternative Energy
Ticker Symbol & Exchange
NEL (OSL)
Revenue (2023)
$167.9M
78.5%
(2023 vs 2022)
EPS
XYZ
Net Income (2023)
XYZ
27%
(2023 vs 2022)
Market Cap*
$712.3M
Net Profit Margin (2023)
XYZ
59.1%
(2023 vs 2022)
* As of and is in US$
Nel ASA premium industry data and analytics
Products and Services
| Products |
|---|
| Water Electrolysers and Hydrogen Generators: |
| Atmospheric Alkaline Electrolyser |
| PEM Electrolyser |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Contracts/Agreements | In March, the company secured a US$75 million contract from the US Department of Energy and the state of Michigan for an electrolyzer production facility in Michigan, the US. |
| 2024 | Plans/Strategy | In February, the company announced its plans to spin off its fueling division. |
| 2024 | Contracts/Agreements | In January, Nel Hydrogen Electrolyser AS entered into a contract, worth EUR5 million, with Samsung C&T Corporation Engineering & Construction Group for 10 MW of alkaline electrolyzer equipment in South Korea. |
Competitor Comparison
| Key Parameters | Nel ASA | Bloom Energy Corp | Plug Power Inc | FuelCell Energy Inc | HydrogenPro AS |
|---|---|---|---|---|---|
| Headquarters | Norway | United States of America | United States of America | United States of America | Norway |
| City | Oslo | San Jose | Latham | Danbury | Porsgrunn |
| State/Province | - | California | New York | Connecticut | - |
| No. of Employees | 631 | 2,377 | 3,868 | 629 | 36 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Ole Enger | Chairman | Executive Board | - | 75 |
| Hakon Rypern Volldal | Chief Executive Officer | Senior Management | 2022 | - |
| Kjell Christian Bjornsen | Chief Financial Officer | Senior Management | 2020 | - |
| Esa Laukkanen | Chief Operating Officer | Senior Management | 2022 | - |
| Marius Loken | Chief Technology Officer | Senior Management | 2023 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Still looking?
Have you found what you were looking for? From start-ups to market leaders, uncover what they do and how they do it.
Explorer
Access more premium companies when you subscribe to Explorer
Get in touch about GlobalData Company reports
Contact the team or request a demo to find out how our data can drive your business forward