Nel ASA Overview
Pro stress-test →Nel ASA is a leading pure play hydrogen technology company with a global presence that specializes in PEM and Alkaline electrolyser technology for production of renewable hydrogen. With more than 3,500 reliable, cost efficient electrolysers installed around the globe, Nel Hydrogen is the recognized industry leader of Alkaline and Proton Exchange Membrane (PEM) water electrolysis.
Strategic Profile
Pro stress-test →Following the demerger of its hydrogen refueling division, now listed as Cavendish Hydrogen, Nel ASA is now focusing exclusively on the development and supply of world-class electrolyzers to produce renewable hydrogen. Nel has taken FID on a 1 GW production line for a new Next Generation Pressurized Alkaline system at its facility in Herøya, Norway, with the production line expected to be operational at scale in 2027.
Competitive Landscape
Pro stress-test →Nel acquired Proton OnSite, adding world leading PEM electrolysis technology to product portfolio, making it the world's largest electrolyser company. Nel competes with other electrolyzer manufacturers including thyssenkrupp nucera, Siemens Energy, and emerging competitors in the rapidly growing green hydrogen market. Strategic partnerships with major industrial players (GM, Samsung E&A) differentiate Nel's competitive position.
Industry Context
Nel ASA operates in Green Hydrogen Production Equipment / Water Electrolysis Technology.
Key facts
Founded: 1927 · Headquarters: Oslo, Norway · Employees: 450 · Revenue: N/A · Market cap: N/A