About Nel Hydrogen
Nel Hydrogen is a publicly listed company based in Oslo (Norway) founded in 1927, and was acquired by SAMSUNG E&A in March 2025. Provider of hydrogen production and storage solutions. The company has 409 employees. Nel Hydrogen has completed 2 acquisitions, including H2 Logic and Nel Hydrogen. Its website nelhydrogen.com draws about 36 thousand monthly visits. Nel Hydrogen offers products and services including PEM Electrolyser and Atmospheric Alkaline Electrolyser. Its focus areas include Energy Tech, Energy Storage Tech, Hydrogen and Hydrogen Generation. Its legal entity is Nel ASA.
Company details
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.
- Headquarters Oslo, Norway
- Employees 409
- Stage Acquired
- SectorsEnergy & Utilities
- Website category Finance · Investing
- Email••••••••
- Phone•••• ••••
- Website nelhydrogen.com
- Social LinkedIn X Facebook Instagram
- Acquired by SAMSUNG E&A (Mar 2025)
- Legal Name Nel Asa
- Annual Revenue$95.55 M (USD)-31.01as on Dec 31, 2025
- Net Profit-$126 M (USD)-225.61as on Dec 31, 2025
- EBITDA-$27.26 M (USD)-101.89as on Dec 31, 2025
- Latest Funding Round$146.35M (USD), Grant
Oct 2024
- InvestorsU.S Army
& 5 more
- Employee Count409
- Investments & AcquisitionsH2 Logic
& 1 more
- Acquired bySAMSUNG E&A
(Mar 2025)
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.
Funding Insights of Nel Hydrogen
- Total Rounds 9
- Last Round Grant — $146.35M
- First Round $2.15M
(Feb 2012)
- Investors Count 5
All 9 funding rounds of Nel Hydrogen with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2024 | $146.35M | Grant | – | – | |
| Dec 2023 | $266,432 | Grant | – | – | |
| Jul 2023 | $5.6M | Grant | – | – | |
| Mar 2023 | $154.7M | Post-IPO | – | – | – |
| Oct 2022 | $5.6M | Grant | – | – | |
| Apr 2020 | $403,503 | Grant | – | – | |
| Aug 2012 | $569,960 | Grant | – | – | |
| Jun 2012 | $1.15M | Grant | – | – | |
| Feb 2012 | $2.15M | Grant | – | – |
6 investors in total: 6 institutional.
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 |
|---|---|---|---|---|
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability | 1958 | europa.eu | Brussels, Belgium | |
Military forces are provided by the U.S. Department of Defense for national security. | defense.gov | Washington, D.C., United States | ||
Land-based military forces are organized and deployed for national defense. | 1775 | army.mil | ||
| osti.gov | ||||
| nsf.gov | ||||
Samsung E&A is engaged in engineering and construction for energy sectors. | samsungena.com | Seoul, South Korea |
Investor details for Nel Hydrogen
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People of Nel Hydrogen
125 people are tracked at Nel Hydrogen (30 in leadership, 7 in board & advisors, 88 in team); the tracked headcount is 409.
| Name | Role | Group |
|---|---|---|
Shrm - Scp Garrett Silva | Human Resources Business Partner | Leadership |
Jesper Geertsen | HR Recruitment Business Partner | Leadership |
Håkon Volldal | CEO | Leadership |
Kjell Christian Bjørnsen | CFO | Leadership |
Anne Liberg | Chief Human Resources Officer | Leadership |
Tushar Ghuwalewala | Vice President, Operations | Leadership |
Marius Løken | CTO | Leadership |
Mark Layaw | Director, Products - MW Scale | Leadership |
Stefan Solberg | Director Of Finance | Leadership |
Kimberly Mirto | Human Resources Business Partner | Leadership |
Ingrid Singsaas | Head Of Global Is/it | Leadership |
Christopher Capuano | Director, R&d Programs | Leadership |
Andrzej Stanek | Director - Industrial Products | Leadership |
Constantine Levoyannis | Head Of Government Affairs | Leadership |
Michele Rossignol | Human Resource Director (global) | Leadership |
Birgitte Nordvik | Vice President Contract And Procurement Management | Leadership |
Christina Skorge | Business Support Director | Leadership |
Peter Klaris | Head Of IT Operations | Leadership |
Mette Kirk Østergaard | Head Of Contract Management | Leadership |
Henning G. Langås | Sales Director | Leadership |
105 more people are available in the full profile.
Complete people profiles for Nel Hydrogen
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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.
- IPO date26 Apr 2018
- Listed onOTCMKTS: NLLSF
- Listed entityNEL ASA
- Exchange sectorProducer manufacturing
- ISINNO0010081235
- Share price2.19 NOK (+3.3% on the day) · 2026-10-14
- Market capitalisation3,896,690,219.00 NOK
- EPS (diluted, trailing year)-0.70 NOK
- Volume (last session)2,582,678
Financials of Nel Hydrogen
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | 963.1M NOK | -1.27B NOK | -274.8M NOK |
| 2024 | 1.40B NOK | -388.5M NOK | -136.1M NOK |
| 2023 | 1.35B NOK | -855.2M NOK | -210.5M NOK |
| 2022 | 914.9M NOK | -1.17B NOK | -739.4M NOK |
| 2021 | 753.1M NOK | -1.67B NOK | -520.1M NOK |
Detailed financial statements for Nel Hydrogen
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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.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Nel Hydrogen is engaged in the production of hydrogen solutions. | protononsite.com | Wallingford, United States | 1996 | Feb 2017 | $70M | |
Hydrogen refueling stations are developed for fuel cell vehicles. | h2logic.com | Herning, Denmark | 2003 | May 2015 | $38.59M |
Complete acquisition details for Nel Hydrogen
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Timeline of Nel Hydrogen
7 dated milestones of Nel Hydrogen across 98 years, from founding to its latest funding, stage changes and deals.
- Founded Nel Hydrogen is founded.
- Funding First funding round of $2.1M.
- Acquisition Acquires H2 Logic.
- Acquisition Acquires Nel Hydrogen.
- IPO Lists on the stock exchange (IPO).
- Funding Latest funding round, Grant, of $146.4M.
- Exit Acquired by SAMSUNG E&A.
Web traffic of Nel Hydrogen
The website of Nel Hydrogen (nelhydrogen.com) receives about 35.9K visits a month and ranks #752,800 among all websites worldwide, #7,251 in Investing.
- Monthly visits35.9K
▼ 18.2% vs previous month
- Unique visitors17.4K
per month
- Global rank#752,800
among all websites
- Category rank#7,251
Finance · Investing
- Bounce rate40%
- Pages per visit1.9
- Average visit54 sec
- DevicesDesktop 33% · Mobile 67%
Websites whose visitors overlap most with Nel Hydrogen. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
boerse-global.de | boerse-global.de | 100% | #312,698 | – | |
kapitalerhoehungen.de | kapitalerhoehungen.de | 98% | #1,387,699 | – | |
inv3st.de | inv3st.de | 97% | #1,663,290 | – | |
trading-treff.de | trading-treff.de | 92% | #468,613 | – | |
finment.com | finment.com | 91% | #685,972 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 24 similar websites and full traffic analytics for Nel Hydrogen
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Related news about 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.
Nel Hydrogen has 409 employees.
Annual revenue of Nel Hydrogen is $95.55M as on Dec 31, 2025.
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.
Nel Hydrogen operates through Nel Asa.
Yes. Nel Hydrogen was acquired by SAMSUNG E&A in March 2025.