Nel Hydrogen ASA Overview
Pro stress-test →Nel Hydrogen ASA is a hydrogen company delivering optimal solutions to produce, store, and distribute hydrogen from renewable energy, providing hydrogen production technologies and manufacturing hydrogen fueling stations for fuel cell electric vehicles. The company has an unrivaled track record with a century of experience and has sold more than 7,000 electrolyzers globally.
Strategic Profile
Pro stress-test →Nel is ready to commercialize next-generation pressurized alkaline technology developed over eight years, with a goal to install 500 MW of production capacity by year-end 2026. The new platform aims to reduce physical footprint by 80% and slash capital expenditure by 40-60%, with up to €135 million in support from the EU Innovation Fund.
Competitive Landscape
Pro stress-test →Primary competitors include Plug Power, SunHydrogen, GreenH, Hy2gen, and H2Pro. In the broader competitive environment, Ballard Power has delivered consecutive quarters of positive gross margins, and ITM Power is riding a strong rally fuelled by partnerships for synthetic fuels projects.
Industry Context
Nel Hydrogen ASA operates in Hydrogen Electrolysis Equipment Manufacturing.
Key facts
Founded: 1927 · Headquarters: Oslo, Norway · Employees: 346 · Revenue: NOK 148M (Q1 2026); ~NOK 963M (FY 2025) · Market cap: ~NOK 3.84B (approx. $390M USD equivalent as of March 2026)