Nel

Nel is a Norwegian hydrogen technology company with a history tracing back to 1927. The company describes itself as a global, pure-play hydrogen technology business and focuses on PEM and alkaline electrolyser technology for producing renewable hydrogen. Its stated vision is “Abundant clean energy for all,” and its mission is to make renewable hydrogen easy. Nel serves industrial and energy-transition applications where renewable hydrogen can support decarbonization, including steel, refining, ammonia, transportation, shipping, sustainable aviation fuel, and generator cooling. Its product range spans megawatt-scale alkaline and PEM systems as well as smaller hydrogen generators for industrial, on-demand, and research uses. The company presents its systems as modular and scalable, with offerings for industrial, transport, and Power-to-X applications. Nel says it has a global presence and conducts business on all continents. Its website describes manufacturing facilities in Europe and the United States, as well as a licensing agreement with Reliance in India. The company states that it has 1.5 GW of annual manufacturing capacity. Its homepage cites more than 7,000 stacks operating in over 80 countries, while its product page says more than 3,800 electrolysers have been installed worldwide; these are the figures as stated in those respective contexts. The company’s history is rooted in Norsk Hydro’s early electrolyser activity in Notodden, Norway. Nel’s current identity centers on hydrogen technology, with its corporate material emphasizing reliability, industrial deployment, and support for customers developing renewable hydrogen projects. The supplied sources identify Håkon Volldal as CEO, Kjell Christian Bjørnsen as CFO, and Marius Løken as CTO. Nel is publicly listed under the ticker NEL.

Nel traces its history to 1927, when the first small electrolyser installation was established at Norsk Hydro in Notodden, Norway. According to the company’s history page, that installation was used to test the production of pure hydrogen for fertilizer production. Nel also identifies a 1940 milestone: the largest installation of water electrolysers in the world at that time. These early developments form the historical basis for the company’s present-day focus on hydrogen production technology. Today, Nel describes itself as a leading pure-play hydrogen technology company with a global presence. Its stated specialization is PEM and alkaline electrolysers for renewable hydrogen production. The company’s current corporate mission is to make renewable hydrogen easy, particularly for industries such as steel, refining, and ammonia, which it says face challenges in decarbonizing through clean electricity alone. Nel’s product portfolio includes alkaline and PEM systems at different scales. Its product page lists megawatt-scale pressurized and atmospheric alkaline electrolysers, the PSM and MC PEM lines, and S, C, and H Series hydrogen generators. The company positions its systems for industrial, transport, and Power-to-X applications. It highlights modularity, scalable deployment, factory-built systems, and customer support as parts of its offer. The company says it has manufacturing facilities in Europe and the United States, and a licensing agreement with Reliance in India. It reports annual manufacturing capacity of 1.5 GW. Its website gives two separate deployment indicators: the homepage refers to more than 7,000 stacks in over 80 countries, while the product page reports more than 3,800 electrolysers installed worldwide. These are presented as company statements in separate contexts. The supplied governance material identifies Håkon Volldal as CEO, appointed effective 1 July 2022; Kjell Christian Bjørnsen as CFO, appointed effective 1 March 2020; and Marius Løken as CTO, who assumed the role in June 2023. The supplied material does not establish a founder, headquarters address, or detailed ownership structure.

• 2023

  Marius Løken assumes CTO role

• 2022

  Håkon Volldal appointed CEO

• 2020

  Kjell Christian Bjørnsen appointed CFO

• 1940

  World's largest water-electrolyser installation

• 1927

  First small electrolyser installation at Norsk Hydro

A pure-play hydrogen technology company offering established PEM and alkaline electrolyser solutions, from research-scale equipment to industrial and megawatt-scale systems.

• Pressurized Alkaline

  A compact, modular alkaline electrolyser designed to scale.

• Atmospheric Alkaline

  An alkaline electrolyser positioned for industrial processes.

• PSM Series PEM

  Industry-proven PEM stack technology for plant applications.

• MC Series PEM

  Megawatt-scale PEM systems engineered for outdoor deployment.

• S, C, and H Series hydrogen generators

  PEM hydrogen generators for reduced or minimized storage, high-purity on-demand hydrogen, and research-grade hydrogen, respectively.

1. 1Nel Hydrogen | The future belongs to the front-runnersnelhydrogen.com
2. 2About Nel | Nel Hydrogennelhydrogen.com
3. 3Governance | Nel Hydrogennelhydrogen.com
4. 4Products | Nel Hydrogennelhydrogen.com