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
***********
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Phone
*********
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Website
*********
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Social
*********
- 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
& 4 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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Generates hydrogen through proton exchange membrane technology for industrial use.
Produces hydrogen using alkaline processes for renewable energy markets.
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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
- Total Funding Total Funding
- Total Rounds 8
- Last Round Grant — $146.4M
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First Round
First Round
(16 Feb 2012)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2024 | Amount | Grant - Nel Hydrogen | Valuation |
investors |
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| Dec, 2023 | Amount | Grant - Nel Hydrogen | Valuation |
investors |
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| Jul, 2023 | Amount | Grant - Nel Hydrogen | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Nel Hydrogen
Nel Hydrogen has secured backing from 5 investors, including institutional investors. Prominent investors backing the company include U.S Army, European Union and U.S. Department of Defense. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| 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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Founded Year | Domain | Location | |
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Military forces are provided by the U.S. Department of Defense for national security.
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Founded Year | Domain | Location | |
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Land-based military forces are organized and deployed for national defense.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
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. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Hydrogen refueling stations are developed for fuel cell vehicles.
|
2003 | ||||
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Nel Hydrogen is engaged in the production of hydrogen solutions.
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1996 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Nel Hydrogen
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Nel Hydrogen Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Power generation via bioenergy, thermal, and wind sources is offered.
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| domain | founded_year | HQ Location |
Solutions for hydrogen generation via electrolysis are provided.
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| domain | founded_year | HQ Location |
Pressurized alkaline and solid oxide electrolysis products are manufactured.
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| domain | founded_year | HQ Location |
Electrolyzers for hydrogen production are supplied by Verdagy.
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| domain | founded_year | HQ Location |
Producer and supplier of green hydrogen
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Nel Hydrogen
Frequently Asked Questions about Nel Hydrogen
When was Nel Hydrogen founded?
Nel Hydrogen was founded in 1927 and raised its 1st funding round 85 years after it was founded.
Where is Nel Hydrogen located?
Nel Hydrogen is headquartered in Oslo, Norway. It is registered at Oslo, Oslo, Norway.
How many employees does Nel Hydrogen have?
As of Dec 31, 2024, the latest employee count at Nel Hydrogen is 409.
What is the annual revenue of Nel Hydrogen?
Annual revenue of Nel Hydrogen is $123.31M as on Dec 31, 2024.
What does Nel Hydrogen do?
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.
Who are the top competitors of Nel Hydrogen?
What products or services does Nel Hydrogen offer?
Nel Hydrogen offers PEM Electrolyser and Atmospheric Alkaline Electrolyser.
Is Nel Hydrogen publicly traded?
Yes, Nel Hydrogen is publicly traded on OSL under the ticker symbol NEL.
How many acquisitions has Nel Hydrogen made?
Nel Hydrogen has made 2 acquisitions, including H2 Logic, and Nel Hydrogen.
Who are Nel Hydrogen's investors?
Nel Hydrogen has 5 investors. Key investors include U.S Army, European Union, U.S. Department of Defense, Samsung E&A, and OSTI.GOV.
What is Nel Hydrogen's ticker symbol?
The ticker symbol of Nel Hydrogen is NEL on OSL.
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