Company Nel ASA

Equities

NEL

NO0010081235

Renewable Energy Equipment & Services

Market Closed - Oslo Bors Other stock markets 10:45:00 2025-07-08 am EDT			5-day change	1st Jan Change
2.668 ^NOK	-3.89%		+6.13%	-1.33%

May. 26	Nel ASA Appoints Gyuyeon Kang to the Board of Directors	CI
May. 14	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	-	-	-	-	1.01B
Nel Pem Electrolyser	-	-	-	-	381M
Nel Hydrogen Fueling	298M	317M	208M	331M	-
Electrolyser	281M	436M	707M	1.35B	-

See all business segments

Geographical breakdown of sales: Nel ASA

Fiscal Period: December	2020	2021	2022	2023	2024
North America (Ex United States)	16.22M	13.56M	17.89M	32.53M	509M
Europe Ex Norway	124M	269M	268M	481M	415M
Asia	141M	81.16M	137M	159M	196M
USA	231M	366M	441M	890M	156M
Oceania	11.93M	5.77M	1.51M	6.56M	52.21M
Norway	12.72M	5.02M	6.5M	44.12M	36.74M
Middle East	11.82M	9.22M	26.22M	45.72M	9.77M
Africa	28M	1.66M	13.21M	12.58M	8.34M
South America	1.2M	2.08M	3.49M	9.26M	7.93M

See all geographic segments

Executive Committee: Nel ASA

Manager	Title	Age	Since
Håkon Rypern Volldal CEO	Chief Executive Officer	49	2022-06-30
Kjell Christians Bjørnsen DFI	Director of Finance/CFO	49	2020-02-29
Esa Laukkanen COO	Chief Operating Officer	59	2022-07-31
Wilhelm Kvalheim Flinder IRC	Investor Relations Contact	-	2022-02-28
Hans Halvard Hide PRN	Corporate Officer/Principal	-	2019-02-28

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	2017-05-14
Hanne Blume BRD	Director/Board Member	57	2019-04-30
Anna Charlotta Falvin BRD	Director/Board Member	59	2020-05-12
Tom Røtjer BRD	Director/Board Member	72	2020-05-12
Arvid Moss BRD	Director/Board Member	67	2023-04-20
Jens Bjørn Staff BRD	Director/Board Member	58	2023-04-20

Composition of the Board of Directors

Shareholders: Nel ASA

Name	Equities	%	Valuation
SAMSUNG E&A CO., LTD. 10 %	167,132,530	10 %	42 M kr
Storebrand Asset Management AS 1.128 %	18,847,500	1.128 %	5 M kr
Legal & General Investment Management Ltd. 1.057 %	17,658,530	1.057 %	4 M kr
Folketrygdfondet 1.047 %	17,504,862	1.047 %	4 M kr
green benefit AG 0.4419 %	7,385,852	0.4419 %	2 M kr

List of NEL ASA shareholders

Holdings: Nel ASA

Name	Equities	%	Valuation
NEL ASA 0.03%	418,033	0.03%	103,852 $

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	-3.89%	+6.13%	-54.67%	-79.95%	506M
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MING YANG SMART ENERGY GROUP LIMITED	+4.34%	+0.35%	+28.11%	-66.44%	3.31B
SHENZHEN HOPEWIND ELECTRIC CO., LTD.	+1.25%	-4.52%	+126.72%	-16.09%	2.02B
GOODWE TECHNOLOGIES CO., LTD.	+5.83%	+4.49%	-17.11%	-75.87%	1.45B
ARRAY TECHNOLOGIES, INC.	-6.60%	+24.75%	-23.49%	-38.97%	1.2B
SHINFOX ENERGY CO., LTD.	-1.52%	-3.11%	-50.85%	-3.72%	747M
DOOSAN SKODA POWER	0.00%	+0.30%	-	-	502M
Average	+1.34%	+5.40%	+30.19%	+18.91%	12.14B
Weighted average by Cap.	-0.70%	-0.43%	+184.88%	+382.14%