Nel ASA (OTCMKTS:NLLSF) is a Norway-based company specializing in hydrogen production and distribution solutions. The company develops, manufactures and installs electrolyzers for on-site hydrogen generation, as well as hydrogen fueling stations for heavy-duty transport and industrial applications. By integrating proprietary alkaline and proton exchange membrane (PEM) technologies, Nel provides scalable systems that support renewable energy integration, industrial gas supply and clean mobility initiatives.
Tracing its roots back to 1927, Nel has evolved from early electrolysis research in Oslo into a leading global supplier of hydrogen infrastructure. The company maintains headquarters in Oslo and operates production and service facilities across Europe, North America and Asia. Nel’s equipment is deployed in markets spanning Scandinavia, continental Europe, the United States, South Korea and beyond, reflecting its commitment to meeting growing demand for green hydrogen worldwide.
Nel’s business is organized into two principal segments: Nel Hydrogen Electrolyser, which focuses on large-scale water electrolysis units for industrial and power grid applications; and Nel Hydrogen Fueling, which designs and delivers turnkey hydrogen fueling stations compatible with a range of vehicle types. Both divisions emphasize modular designs, digital monitoring and lifecycle support to optimize uptime and lower total cost of ownership for customers.
Under the leadership of CEO Håkon Volldal, Nel ASA continues to advance its technology roadmap and expand strategic partnerships across the renewable energy sector. The company’s management team brings deep expertise in electrochemical engineering, project execution and international business development, positioning Nel to play a central role in the transition toward a low-carbon hydrogen economy.
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