Nel ASA (NEL)

Overview

Nel ASA is a pioneering company in the hydrogen industry that specializes in providing integrated solutions for generating, storing, and distributing hydrogen generated from renewable resources. The company prides itself on contributing to the global transition towards greener energy sources by facilitating the use of hydrogen in various sectors. Initially known as DiaGenic ASA, the company underwent a rebranding to Nel ASA in October 2014, symbolizing a shift towards a sustainable energy future. Founded in 1927 and with its headquarters in Oslo, Norway, Nel ASA has grown to serve clients not only domestically but also on an international scale, cementing its position as a leader in the renewable hydrogen space.

Products and Services

• Nel Hydrogen Fueling

This segment of Nel ASA focuses on developing and manufacturing hydrogen fueling stations which are crucial for the infrastructure needed by fuel cell electric vehicles (FCEVs). These stations cater to a wide variety of on-road vehicles including cars, buses, and trucks, thereby supporting the growth of a hydrogen-powered transport sector.

• Nel Hydrogen Electrolyser

Nel ASA, through its Nel Hydrogen Electrolyser division, offers cutting-edge hydrogen production equipment. The company employs two primary technologies for this purpose: alkaline and proton exchange membrane (PEM) water electrolysis. These electrolyzers are designed to meet the needs of various industries, energy providers, and gas companies, facilitating their transition to sustainable hydrogen energy use.