Company Nel ASA

Equities

NEL

NO0010081235

Renewable Energy Equipment & Services

Market Closed - Oslo Bors Other stock markets 09:15:00 16/01/2026 pm IST			5-day change	1st Jan Change
2.306 ^NOK	+2.04%		+3.22%	+3.32%

12/12	Nel Greenlights 1 GW Alkaline Production Plan in Norway	MT
12/12	Nel to industrialize next generation pressurized alkaline platform	RE

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: 354

Sales by Activity: Nel ASA

Fiscal Period: December	2020 (NOK)	2021 (NOK)	2022 (NOK)	2023 (NOK)	2024 (NOK)
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 (NOK)	2021 (NOK)	2022 (NOK)	2023 (NOK)	2024 (NOK)
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

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Executive Committee: Nel ASA

Manager	Title	Age	Since
Håkon Rypern Volldal CEO	Chief Executive Officer	50	01/07/2022
Kjell Christians Bjørnsen DFI	Director of Finance/CFO	50	01/03/2020
Wilhelm Kvalheim Flinder IRC	Investor Relations Contact	-	01/03/2022
Anne-Claire Liberge HRO	Human Resources Officer	-	02/04/2024
Stein Ove Erdal LAW	General Counsel	-	01/05/2019

See NEL ASA governance

Composition of the Board of Directors: Nel ASA

Director	Title	Age	Since
Beatriz Malo de Molina BRD	Director/Board Member	54	15/05/2017
Hanne Blume BRD	Director/Board Member	58	01/05/2019
Anna Charlotta Falvin BRD	Director/Board Member	60	13/05/2020
Tom Røtjer BRD	Director/Board Member	72	13/05/2020
Arvid Moss CHM	Chairman	68	01/04/2025
Jens Bjørn Staff BRD	Director/Board Member	59	21/04/2023
Gyu-Yeon Gang BRD	Director/Board Member	61	01/01/2025

Composition of the Board of Directors

Shareholders: Nel ASA

Name	Equities	%	Valuation
SAMSUNG E&A CO., LTD. 9.091 %	16,71,32,530	9.091 %	37 M kr
Legal & General Investment Management Ltd. 0.9634 %	1,77,11,617	0.9634 %	4 M kr
Folketrygdfondet 0.9543 %	1,75,44,526	0.9543 %	4 M kr
green benefit AG 0.6365 %	1,17,01,286	0.6365 %	3 M kr
Montpensier Arbevel SAS 0.3905 %	71,79,070	0.3905 %	2 M kr

List of NEL ASA shareholders

Holdings: Nel ASA

Name	Equities	%	Valuation
NEL ASA 0.02%	4,18,033	0.02%	92 908 $

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 Produces hydrogen and operates fuel stations
Nel Hydrogen Electrolyser AS Nel Hydrogen Electrolyser AS Produces hydrogen and operates fuel stations

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Other Renewable Energy Equipment & Services

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	+2.04%	+3.22%	+6.02%	-85.69%	42Cr
SIEMENS ENERGY AG	+6.32%	+8.30%	+170.76%	+604.94%	14TCr
SUNGROW POWER SUPPLY CO., LTD.	+3.34%	+1.15%	+130.51%	+96.90%	5.04TCr
TRINA SOLAR CO., LTD.	+0.95%	+4.09%	+3.59%	-72.56%	635.99Cr
MING YANG SMART ENERGY GROUP LIMITED	+10.01%	+10.01%	+79.07%	-25.03%	607.27Cr
GOODWE TECHNOLOGIES CO., LTD.	+1.75%	+1.06%	+85.87%	-57.85%	253.9Cr
SHENZHEN HOPEWIND ELECTRIC CO., LTD.	+0.82%	-4.83%	+6.42%	+5.10%	210.65Cr
ARRAY TECHNOLOGIES, INC.	-2.83%	+6.78%	+34.22%	-59.05%	146.79Cr
DOOSAN SKODA POWER	+1.07%	-0.23%	-	-	65Cr
Average	+2.61%	+4.40%	+64.56%	+50.84%	2.28TCr
Weighted average by Cap.	+5.33%	+7.16%	+148.86%	+419.49%