Nel ASA

Company Snapshot

Founded: 1927
Entity Type: Public
Employees: 673
Region: U.S.
Revenue: $159.3 Millions
Revenue Year: 2023
Headquarter: Oslo, Norway
Key Geographics: Norway, U.S, Asia, Africa, South America, Oceania, North America
Corporate Address: Karenslyst alle 49, PB 199 Skoyen, 0212 Oslo Norway Tel. +47-2324-8950 www.nelhydrogen.com

Company Overview

Nel is a global hydrogen company that offers dedicated solutions to produce and supply hydrogen generated from renewable energy sources. It provides solutions and services to businesses operating worldwide in the industrial and energy & gas sectors. The company’s portfolio spans the entire hydrogen value chain, from production technologies to fueling stations, enabling its clients to transition to green hydrogen. The company operates through two business segments: hydrogen fueling and hydrogen electrolyzer. The electrolyzer division provides hydrogen production equipment for both PEM and alkaline electrolysis technology. Currently, the company has production facilities in the U.K. (in Wallingford), the U.S. (in Connecticut), and Norway (in Herøya).

Financial Highlights (FY 2023)

Net Revenue: ***
Total Current Liabilities: ***
Total Current Assets: ***
R&D expenses: ***
Operating Income: ***

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Nel ASA In Reports

Green Hydrogen: Global Markets

BCC Research Market Analyst says global market for green hydrogen is expected to grow from $5.2 billion in 2024 and is projected to reach $38.1 billion by the end of 2029, at a CAGR of 48.7%.

Global Market for PEM Electrolyzer

BCC Research Market Report provides an overview of PEM Electrolyzer Market is prepared in an easy-to-understand format; tables and figures are included to illustrate historical, current, and future market scenarios. ...

Global Hydrogen Generation Market

BCC Research Market Report says global market for hydrogen generation is estimated to grow from $166.7 billion in 2023 to reach $271.1 billion by 2028, at a CAGR of 10.2%.

Company's Business Segments

  • Fueling : This segment produces Hydrogen Fueling Stations for Cars, Buses, Trucks, Other On-Road Vehicles.
  • Electrolyser : This segment Produces Electrolysers for Hydrogen Production, it also includes Alkaline Water Electrolysis, Proton Exchange Membrane.

Applications/End User Industries

  • Automotive
  • Hydrogen
  • Electrolyser
  • Electric Vehicles
  • Battery
  • Energy
  • Power
  • Semi Conductor