Nel ASA (OTCMKTS:NLLSF) is a Norwegian company specializing in hydrogen production and distribution solutions. The company develops and manufactures water electrolysers and hydrogen fueling stations designed to enable a scalable hydrogen infrastructure for industrial, energy and mobility applications. With a focus on green hydrogen, Nel ASA supports the transition to cleaner energy by providing technology that produces hydrogen through electrolysis powered by renewable electricity.
Nel’s product portfolio includes both alkaline and proton exchange membrane (PEM) electrolysers, catering to a variety of capacity and purity requirements. The company’s alkaline electrolysers are recognized for their robustness and cost efficiency in large-scale industrial projects, while its PEM systems offer high flexibility and fast response times suited for integration with intermittent renewable energy sources. Additionally, Nel’s hydrogen fueling stations are engineered to support heavy-duty transport, public transit and refueling infrastructure across passenger and commercial vehicle segments.
Founded in 1927 as Norsk Hydrogenkompani, Nel has evolved from early industrial applications of hydrogen to a global leader in electrolyser and fueling station technology. The company went public on the Oslo Stock Exchange in 2014 and expanded its U.S. footprint with the 2017 acquisition of Proton OnSite, enhancing its position in the North American market and broadening its research and development capabilities.
Headquartered in Oslo, Norway, Nel operates sales and service offices across Europe, North America and Asia Pacific. Under the leadership of CEO Håkon Volldal, the company continues to pursue strategic partnerships and project deployments aimed at accelerating the adoption of clean hydrogen solutions worldwide. Nel’s global presence and technology expertise position it as a key player in the emerging hydrogen economy.
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