Nel ASA

Last price update: 25 Apr 24 17:26 GMT

Price:
NOK4.57
Open:
NOK4.55
Previous close:
NOK4.55
Day's range:
NOK4.50 - NOK4.63
Year's range:
NOK4.23 - NOK15.30
Net Income per Share:
-0.41
Price-to-Earnings ratio:
-11.14
52-week Price Range:
NOK4.85
Volume:
NOK4,261,088.00
Average volume:
NOK8,738,068.00

Company profile for Nel ASA

Nel ASA logo

Nel ASA, established in 1927 and headquartered in Oslo, Norway, is a hydrogen technology solutions provider that offers solutions to produce, store, and distribute hydrogen from renewable energy. The company services four main nations: Norway, the United States, Denmark, and South Korea; and operates in two segments, namely Nel Hydrogen Fueling and Nel Hydrogen Electrolyser.

Nel Hydrogen Fueling segment produces the H2Station, a hydrogen fueling station for fuel cell electric vehicles such as cars, buses, trucks, forklifts, and other applications. This fueling station offers similar range and convenience as traditional fossil fuel-powered vehicles. On the other hand, the Nel Hydrogen Electrolyser segment produces and installs electrolysers that use alkaline and proton exchange membrane water electrolyser technology to produce hydrogen. This segment caters to the needs of industry, energy and gas companies.

From its humble beginnings in 1927, Nel has established itself as a leader in the hydrogen technologies industry and is now collaborating with some of the world’s leading companies. Nel has significant partnerships with specialty chemical companies, automotive manufacturers, systems integrators and utilities, including General Electric, Total, Daimler, Siemens, Air Liquide and Toyota.

In the course of its expansion, Nel has made several acquisitions, the most recent of which was the 2020 takeover of Hydrogenious LOHC Technologies, a German firm that specializes in liquid organic hydrogen carriers (LOHC). This acquisition further reinforces Nel’s foothold in the industry, allowing the company to explore enhanced hydrogen storage solutions.

Also in 2020, Nel launched a new flagship hydrogen fueling station, H2Station PEM, offering a high-speed, high-pressure dispenser. This next-generation station is capable of refueling multiple types of heavy-duty and medium-duty vehicles, demonstrating Nel’s commitment to pushing the boundaries of technology in the hydrogen industry.

Nel is committed to making the world a more sustainable place, and this commitment is reflected in its recently acquired ISO 14001:2015 certification, demonstrating the company’s compliance with the strictest environmental standards. With numerous technological breakthroughs and collaborations, Nel is well-positioned to lead the way in the hydrogen industry.

Stock exchanges:
OSE
Sector:
Industrials
Industries:
Specialty Industrial Machinery
Ticker:
NEL.OL
ISIN:
NO0010081235
Website:
https://nelhydrogen.com
Phone:
47 23 24 89 50
Origin:
Norway
Employees:
576