Company Nel ASA

Equities

NEL

NO0010081235

Renewable Energy Equipment & Services

Market Closed - Oslo Bors Other stock markets 08:15:00 09/07/2025 pm IST			5-day change	1st Jan Change
2.780 ^NOK	+4.20%		+5.70%	+2.81%

26/05	Nel ASA Appoints Gyuyeon Kang to the Board of Directors	CI
14/05	NEL : Lack of orders a crucial overhang, financial runway available, but FIDs needed

Business description: Nel ASA

Nel ASA is a Norway-based hydrogen company that delivers solutions to produce, store and distribute hydrogen from renewable energy. The Company specializes in electrolyser technology for production of renewable hydrogen, and hydrogen fueling equipment for road-going vehicles. The Company's business activities are divided into two operation segments: Nel Hydrogen Fueling and Nel Hydrogen Electrolyser. The Nel Hydrogen Fueling segment is a manufacturer of hydrogen fueling stations for Fuel Cell Electric Vehicles. Nelâs H2Station manufacturing plant is located in Herning, Denmark. The Nel Hydrogen Electrolyser segment is a global supplier of hydrogen production equipment based on both alkaline and proton exchange membrane (PEM) water electrolysis technology. Nel Hydrogen Electrolyser has production facilities in Heroya, Norway, and in Wallingford, USA.

Number of employees: 394

Sales by Activity: Nel ASA

Fiscal Period: December	2020	2021	2022	2023	2024
Nel Alkaline Electrolyser	-	-	-	-	100.94Cr
Nel Pem Electrolyser	-	-	-	-	38Cr
Nel Hydrogen Fueling	30Cr	32Cr	21Cr	33Cr	-
Electrolyser	28Cr	44Cr	71Cr	134.98Cr	-

See all business segments

Geographical breakdown of sales: Nel ASA

Fiscal Period: December	2020	2021	2022	2023	2024
North America (Ex United States)	1.62Cr	1.36Cr	1.79Cr	3.25Cr	51Cr
Europe Ex Norway	12Cr	27Cr	27Cr	48Cr	41Cr
Asia	14Cr	8.12Cr	14Cr	16Cr	20Cr
USA	23Cr	37Cr	44Cr	89Cr	16Cr
Oceania	1.19Cr	57.71L	15.12L	65.55L	5.22Cr
Norway	1.27Cr	50.17L	64.95L	4.41Cr	3.67Cr
Middle East	1.18Cr	92.16L	2.62Cr	4.57Cr	97.71L
Africa	2.8Cr	16.63L	1.32Cr	1.26Cr	83.41L
South America	12L	20.85L	34.87L	92.64L	79.3L

See all geographic segments

Executive Committee: Nel ASA

Manager	Title	Age	Since
Håkon Rypern Volldal CEO	Chief Executive Officer	49	01/07/2022
Kjell Christians Bjørnsen DFI	Director of Finance/CFO	49	01/03/2020
Esa Laukkanen COO	Chief Operating Officer	59	01/08/2022
Wilhelm Kvalheim Flinder IRC	Investor Relations Contact	-	01/03/2022
Hans Halvard Hide PRN	Corporate Officer/Principal	-	01/03/2019

See NEL ASA governance

Composition of the Board of Directors: Nel ASA

Director	Title	Age	Since
Ole Enger CHM	Chairman	77	-
Beatriz Malo de Molina BRD	Director/Board Member	53	15/05/2017
Hanne Blume BRD	Director/Board Member	57	01/05/2019
Anna Charlotta Falvin BRD	Director/Board Member	59	13/05/2020
Tom Røtjer BRD	Director/Board Member	72	13/05/2020
Arvid Moss BRD	Director/Board Member	67	21/04/2023
Jens Bjørn Staff BRD	Director/Board Member	58	21/04/2023

Composition of the Board of Directors

Shareholders: Nel ASA

Name	Equities	%	Valuation
SAMSUNG E&A CO., LTD. 10 %	16,71,32,530	10 %	42 M kr
Storebrand Asset Management AS 1.128 %	1,88,47,500	1.128 %	5 M kr
Legal & General Investment Management Ltd. 1.057 %	1,76,58,530	1.057 %	4 M kr
Folketrygdfondet 1.047 %	1,75,04,862	1.047 %	4 M kr
green benefit AG 0.4419 %	73,85,852	0.4419 %	2 M kr

List of NEL ASA shareholders

Holdings: Nel ASA

Name	Equities	%	Valuation
NEL ASA 0.03%	4,18,033	0.03%	1,03,852 $

Company details: Nel ASA

NEL ASA

Karenslyst allé 49

0279, Oslo

+47 23 24 89 50

http://www.nelhydrogen.com

Group companies: Nel ASA

Name	Category and Sector
Nel Hydrogen Electrolyser AS Nel Hydrogen Electrolyser AS Chemicals: SpecialtyProcess Industries Nel Hydrogen Electrolyser AS manufactures and supplies hydrogen generation plants based on water electrolysis technology. It supplies hydrogen solutions for industrial applications, hydrogen fuelling stations and distributed energy systems worldwide. The company was founded in 1927 and is headquartered in Notodden, Norway.	Chemicals: Specialty

Name

Category and Sector

Chemicals: Specialty

See all subsidiaries

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Add to a list 0 selected To use this feature you must be a member Log in Sign up	Change	5d. change	1-year change	3-years change	Capi.($)
NEL ASA	+4.20%	+5.70%	-52.91%	-80.00%	48Cr
SIEMENS ENERGY AG	+0.96%	+0.85%	+247.11%	+539.89%	8.47TCr
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TRINA SOLAR CO., LTD.	-0.89%	+9.70%	-1.82%	-77.01%	475.35Cr
MING YANG SMART ENERGY GROUP LIMITED	-1.30%	-1.90%	+29.02%	-64.18%	345.62Cr
SHENZHEN HOPEWIND ELECTRIC CO., LTD.	-3.87%	-5.70%	+126.04%	-16.94%	204.26Cr
GOODWE TECHNOLOGIES CO., LTD.	-1.45%	+4.24%	-14.31%	-74.80%	153.46Cr
ARRAY TECHNOLOGIES, INC.	+4.14%	+9.99%	-18.91%	-34.68%	112.27Cr
SHINFOX ENERGY CO., LTD.	+0.26%	-2.86%	-48.79%	-4.44%	73Cr
DOOSAN SKODA POWER	0.00%	0.00%	-	-	50Cr
Average	+0.13%	+1.37%	+32.40%	+20.68%	1.2TCr
Weighted average by Cap.	+0.38%	+0.48%	+181.14%	+374.12%