About Nel Hydrogen
Nel Hydrogen is a company based in Oslo (Norway) founded in 1927 was acquired by SAMSUNG E&A in March 2025. The company has 409 employees as of December 31, 2024. Nel Hydrogen has completed 2 acquisitions, including H2 Logic and Nel Hydrogen. Nel Hydrogen offers products and services including PEM Electrolyser and Atmospheric Alkaline Electrolyser. Nel Hydrogen operates in a competitive market with competitors including Orsted, Electric Hydrogen, Sunfire, Verdagy and Lhyfe, among others.
- Headquarter Oslo, Norway
- Employees 409 as on 31 Dec, 2024
- Stage Public
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Sectors
Energy & Utilities
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Nel Asa
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Annual Revenue
$123.31 M (USD)3.76as on Dec 31, 2024
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Net Profit
-$34.22 M (USD)54.57as on Dec 31, 2024
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EBITDA
-$11.99 M (USD)35.33as on Dec 31, 2024
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Latest Funding Round
$146.35 M (USD), Grant
Oct 22, 2024
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Investors
U.S Army
& 5 more
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Employee Count
409
as on Dec 31, 2024
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Investments & Acquisitions
H2 Logic
& 1 more
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Acquired by
SAMSUNG E&A
(Mar 11, 2025)
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IPO & Listings of Nel Hydrogen
Nel Hydrogen is a publicly listed company on the OSL with ticker symbol NEL in Norway, operating in the Producer manufacturing sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Nel Hydrogen
Nel Hydrogen offers a comprehensive portfolio of products and services, including PEM Electrolyser and Atmospheric Alkaline Electrolyser.
Generates hydrogen through proton exchange membrane technology for industrial use.
Produces hydrogen using alkaline processes for renewable energy markets.
People of Nel Hydrogen
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Software Development Team
26 people
Senior Team
16 people
Product Management Team
12 people
Leadership Team
6 people
Legal and Compliance
5 people
System Team
5 people
Sales and Marketing
5 people
Human Resources and Administration
4 people
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Funding Insights of Nel Hydrogen
Investors in Nel Hydrogen
Nel Hydrogen has secured backing from 6 investors, including institutional investors. Prominent investors backing the company include U.S Army, European Union and U.S. Department of Defense.
| Investor | Description | Founded Year | Domain | Location |
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Military forces are provided by the U.S. Department of Defense for national security.
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Locked | Locked | Locked | |
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Land-based military forces are organized and deployed for national defense.
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Locked | Locked | Locked |
Investor details for Nel Hydrogen
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Verified entity values are shown only after access is granted.
Investments & Acquisitions by Nel Hydrogen
Nel Hydrogen has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include H2 Logic and Nel Hydrogen.
Investment portfolio details for Nel Hydrogen
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Hydrogen refueling stations are developed for fuel cell vehicles.
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Locked | Locked | 2003 | Locked | |
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Nel Hydrogen is engaged in the production of hydrogen solutions.
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Locked | Locked | 1996 | Locked |
Complete acquisition details for Nel Hydrogen
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Financial Statements - Nel Hydrogen
Detailed financials for Nel Hydrogen
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Nel Hydrogen Comparisons
Peer comparison for Nel Hydrogen
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Competitors of Nel Hydrogen
Nel Hydrogen operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Orsted, Electric Hydrogen, Sunfire, Verdagy and Lhyfe, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Power generation via bioenergy, thermal, and wind sources is offered.
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Solutions for hydrogen generation via electrolysis are provided.
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Pressurized alkaline and solid oxide electrolysis products are manufactured.
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Electrolyzers for hydrogen production are supplied by Verdagy.
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Producer and supplier of green hydrogen
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Detailed competitors of Nel Hydrogen
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Latest news on Nel Hydrogen
Complete news archive for Nel Hydrogen
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Frequently Asked Questions about Nel Hydrogen
Nel Hydrogen was founded in 1927 and raised its 1st funding round 85 years after it was founded.
Nel Hydrogen is headquartered in Oslo, Norway. It is registered at Oslo, Oslo, Norway.
As of Dec 31, 2024, the latest employee count at Nel Hydrogen is 409.
Annual revenue of Nel Hydrogen is $123.31M as on Dec 31, 2024.
Nel Hydrogen was founded in 1927 in Oslo, Norway, and operates within the clean energy sector. Solutions for hydrogen production and storage are delivered to industries, energy firms, and gas companies. The full value chain is addressed, from production technologies to the manufacturing of hydrogen fueling stations. Operations focus on enabling sustainable energy transitions through integrated hydrogen infrastructure.
Nel Hydrogen offers PEM Electrolyser and Atmospheric Alkaline Electrolyser.
Yes, Nel Hydrogen is publicly traded on OSL under the ticker symbol NEL.
Nel Hydrogen has made 2 acquisitions, including H2 Logic, and Nel Hydrogen.
Nel Hydrogen has 6 investors. Key investors include U.S Army, European Union, U.S. Department of Defense, Samsung E&A, and OSTI.GOV.
The ticker symbol of Nel Hydrogen is NEL on OSL.