Nel ASA is mentioned as a competitor in the electrolyser market, having also showcased a next-generation platform focused on simplicity and cost-effectiveness.
Nel ASA, founded in 1927 as Norsk Elektro Optik with roots in optics, pivoted to hydrogen in 2014 via acquisition of PEDESA. Provides alkaline and PEM electrolyzers for energy storage and industrial use. Recent activities include supplying equipment for large-scale projects; publicly listed on Oslo Stock Exchange.
Founded in 1927 as Norsk Elektro Metall, rebranded to Nel ASA; listed on Oslo Stock Exchange (OSE: NEL); specializes in electrolyser technology for clean hydrogen; recent developments include strategic pivot from first-generation alkaline technology to next-generation platforms; Q4 2025 order intake NOK 686 million, or
Founded in 1927, Nel ASA supports integrated energy projects, serving grid, industry, and mobility. Its solutions span production, storage, and fueling stations worldwide, bolstered by global partnerships for rapid deployment.[3][7]
Nel Hydrogen US leverages advanced PEM electrolyser technology for large-scale green hydrogen projects, providing both products and technical expertise.[1][2][3]
Nel ASA is a leading provider of hydrogen production technology, with a global footprint and history of major projects in Europe, the Americas, and Asia. The company has been expanding its portfolio in PEM (Proton Exchange Membrane) technology and has a subsidiary, Nel Hydrogen US, specializing in such systems.[1][2][3
In partnership with General Motors, Nel ASA launched a next-generation PEM electrolyzer platform to enhance green hydrogen production globally, helping improve efficiency and scale.[2]
The Norwegian parent company of Nel Hydrogen US, Nel ASA is a key player in the hydrogen sector, involved in manufacturing electrolysers and strategic investments.
A subsidiary of Nel ASA, Nel Hydrogen US secured an order for two containerized PEM electrolysers to be deployed at a new steel mill in the United States.
Parent company from which Cavendish Hydrogen was spun off in mid-2024. Nel ASA continues to focus on electrolyser technology while Cavendish focuses on fueling infrastructure.
Nel ASA, a global leader in renewable energy technology and a pioneer in hydrogen production, has received significant tax credits and grants to support its manufacturing expansion in Michigan and technological advancements in electrolyzers.
A leader in hydrogen technology that has secured a €5 million deal for alkaline electrolyser systems for South Korea's first nuclear-powered hydrogen project.
Norwegian hydrogen solutions provider that has announced expansion of its PEM electrolyser plant in Wallingford, Connecticut, increasing capacity from 50 MW to 500 MW.
Nel ASA is a Norway-based company that has become fully dedicated to developing and delivering electrolyzers for renewable hydrogen production. They have nearly 100 years of experience in this field and are investing in next-generation technologies.
A Norwegian company founded in 1927, Nel ASA is a key player in the global hydrogen market, specializing in electrolyser technology and hydrogen fueling infrastructure. They are undergoing a strategic spin-off of their Fueling division.
