Nel ASA: A world leader in electrolyzers dedicated to renewable hydrogen

Nel ASA is now focusing its efforts exclusively on the development and delivery of state-of-the-art electrolyzers, marking a strategic turning point for the Norwegian company.

Share:

Nel ASA : Un leader mondial des électrolyseurs dédiés à l'hydrogène renouvelable.

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25€/month*

*billed annually at 99€/year for the first year then 149,00€/year ​

Unlimited access • Archives included • Professional invoice

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2€/month*
then 14.90€ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

Nel ASA (Nel) is now focusing exclusively on the development and supply of world-class electrolyzers to produce renewable hydrogen, following the demerger of its hydrogen refueling division, now listed as Cavendish Hydrogen.

Hundreds of years of expertise at the service of innovation

Nel ASA has been developing electrolyzers for almost a century, and has installed thousands of systems worldwide. This unrivalled experience is now entirely dedicated to creating the most reliable and energy-efficient electrolyzers. The demerger of the supply division marks a strategic turning point, allowing Nel to concentrate all its resources on this ambition. With around 450 employees based in Norway and the United States, Nel will leverage its know-how to offer cutting-edge electrolysis solutions that meet the growing needs of the global renewable hydrogen market.

Accelerated development of new-generation electrolyzers

Nel is investing heavily in next-generation technologies, improving its current PEM (Proton Exchange Membrane) and atmospheric alkaline electrolyzers, while developing new-generation pressurized alkaline and PEM electrolyzers. In collaboration with General Motors, Nel is making rapid progress in the development of PEM electrolyzers. In addition, the revolutionary redesign of the pressurized alkaline concept has reached the prototype stage. These advances are supported by funding from the US Department of Energy to develop AEM (Anion Exchange Membrane) electrolyser technology.

Strategic partnerships with industry leaders

Recently, Nel signed a technology licensing agreement with Reliance Industries, India’s largest private company. This agreement gives Nel access to a fast-growing market and enables it to meet worldwide demand for Reliance electrolyzers. In addition, Nel has partnered with several engineering, procurement and construction (EPC) companies to offer 100 MW turnkey building blocks.

Annual production capacity in gigawatts

Over the past year, Nel has taken significant steps to prepare the company for further growth. Annual production capacity at the fully automated electrode manufacturing plant in Herøya, Norway, has doubled to 1 GW. In the United States, Nel is also increasing its annual production capacity to 500 MW at its PEM manufacturing plant in Wallingford, Connecticut. These fully-automated installations optimize production processes and enable us to internalize several steps previously outsourced. The company has also secured around US$170 million in support from the US Department of Energy and the State of Michigan for its planned gigafactory in Detroit, where the next-generation PEM and pressurized alkaline electrolyzers will be manufactured. Nel’s first-quarter 2024 results show that the company is on track to achieve sustainable profitability, with the alkaline division achieving positive EBITDA. “Our revenues and EBITDA continue to improve, demonstrating that our business model is working on a large scale,” said Nel CEO Håkon Volldal at the results presentation.

Metacon acquired components from the bankruptcy estate of Hynion Sverige AB for SEK3.5mn ($320,000), aiming to support its hydrogen refuelling station projects in Sweden.
The United Kingdom has carried out its first real-life trial of green hydrogen blending into the national gas transmission network, with power generation as a result.
Swedish company Liquid Wind has secured €3.6mn in public funding for the engineering phase of its eMethanol plant, integrated into a biomass-fuelled cogeneration site.
The Japanese industrial group will replace a 73.5 MW coke and gas-fired turbine with a 30 to 40 MW hydrogen-ready unit, scheduled to start operations in 2030 with ¥7.1bn ($47mn) in public support.
A two-year project aims to identify areas in Texas suitable for natural hydrogen exploitation, despite challenges related to infrastructure, public policy and economic viability.
Plug Power has announced the appointment of Jose Luis Crespo as President effective October 10, before assuming the role of Chief Executive Officer once the company publishes its annual report, expected in March 2026.
Plug Power finalised a deal with an institutional investor to raise $370mn through the immediate exercise of warrants, with the possibility of securing an additional $1.4bn if new warrants are exercised.
Global demand for industrial gases will grow on the back of hydrogen expansion, carbon capture technologies, and advanced use in healthcare, electronics, and low-carbon fuel manufacturing.
Green ammonia reaches a new industrial milestone with 428 active projects and over $11bn in investments, highlighting accelerated sector growth across Asia, the Middle East, Europe and the Americas.
Nel Hydrogen US will supply a containerised electrolyser to H2 Energy for a hydrogen production facility commissioned by the Association for Waste Disposal in Buchs, Switzerland.
UK-based manufacturer ITM Power has signed an engineering contract for a green hydrogen project shortlisted under the country's second Hydrogen Allocation Round.
Agfa strengthens its industrial position with the launch of a ZIRFON membrane production site for electrolyzers, backed by a €11mn European subsidy.
Driven by Air Liquide and SEGULA Technologies, the ROAD TRHYP project aims to lower hydrogen transport costs and improve safety through a series of technical innovations by 2030.
Qair obtains structured bank financing of €55mn for its Hyd’Occ ecosystem, integrating renewable hydrogen production and distribution in Occitanie, with commissioning scheduled before the end of 2025.
Swedish firm Metacon has secured a EUR7.1mn ($7.7mn) contract to deliver a 7.5 MW electrolysis plant to Elektra Power SRL, marking its operational entry into the Romanian market.
The Clean Hydrogen Partnership has closed its first call for Project Development Assistance (PDA), totaling 36 applications from 18 countries. Results are expected in October, with support starting in November.
Kandla port plans a 150,000-ton-per-year integrated renewable methanol unit, targeting the growing fleet of compliant vessels on the Singapore-Rotterdam maritime route.
OMV is investing several hundred million euros in a 140 MW electrolysis unit in Austria, set to produce 23,000 tonnes of green hydrogen annually to supply its Schwechat refinery.
Jolt Green Chemical Industries appoints Dyar Al-Safwah to engineer a high-performance electrode facility at King Salman Energy Park, backed by the Ministry of Energy.
With the certification of three new sites, Lhyfe takes the lead in the European RFNBO hydrogen market, reaching 21 MW of installed capacity across France and Germany.

All the latest energy news, all the time

Annual subscription

8.25€/month*

*billed annually at 99€/year for the first year then 149,00€/year ​

Unlimited access - Archives included - Pro invoice

Monthly subscription

Unlimited access • Archives included

5.2€/month*
then 14.90€ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.