Nel Hydrogen

Exciting partnership news! We've signed an MOU with HydePoint to co-develop modular hydrogen systems for offshore and nearshore environments. By combining our PEM technology with HydePoint’s innovative platform, we’re pushing the boundaries of clean hydrogen production in some of the world’s toughest conditions. Todd Cartwright, Chief Commercial Officer at Nel, said, “HydePoint brings a highly innovative approach to marine-based hydrogen systems. We see strong alignment between our PEM technology and HydePoint’s ambition to deliver resilient, modular solutions for the global clean energy transition.” Another step towards resilient, scalable, and cost-effective renewable hydrogen. 👏

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Ammonia is a major emissions challenge. The global ammonia industry is responsible for nearly 2% of global CO₂ emissions, driven by its reliance on fossil-based hydrogen. With demand rising and environmental pressure mounting, the IEA has set a 2030 target to cut ammonia’s CO₂ intensity by 60% per ton. The stakes are high – around 50% of the world’s food production depends on ammonia-based fertilizers, making decarbonization both an environmental and food security challenge. Join Steve Szymanski at The Fertilizer Show in Orlando, FL where he will be presenting "Green Hydrogen and Ammonia: Unlocking Pathways to Decarbonized Fertilizer Production," and follow the link below for more information about how Nel can help decarbonise ammonia.

We're proud to share that Nel Hydrogen US has received a new purchase order from Collins Aerospace for PEM electrolyser stacks to support oxygen generation onboard US Navy submarines. This order, valued at approximately USD 6 million, reinforces the importance of our long-standing partnership with Collins Aerospace and our role in delivering critical life support solutions for submarine operations. Our PEM electrolyser stacks will be manufactured at our Wallingford, Connecticut facility, with deliveries beginning in late 2025 and continuing over several years. It's a testament to the reliability, precision, and quality of our technology - and to the trust placed in us to contribute to operations where failure is not an option. We’re honoured to continue supporting Collins Aerospace and the U.S. Navy with equipment designed for some of the most demanding environments in the world. Read more in the comments below.

We’re delighted to announce that Nel Hydrogen US has received a purchase order for a 2.5 MW containerized PEM electrolyser to support the Aberdeen Hydrogen Hub in Scotland!   This pioneering green hydrogen facility, powered by renewable energy, is being delivered through a joint venture between bp and Aberdeen City Council - City Development & Regeneration. Our electrolyser will play a key role in enabling scalable hydrogen production, storage, and distribution for the project.   The contract was awarded by Hydrasun, a leader in integrated fluid transfer, power, and control solutions, following their successful bid to design and integrate the hydrogen refuelling station and associated infrastructure.   For more information, see the link below.

Shipping faces a decarbonization deadline. The global maritime industry accounts for nearly 3% of global CO₂ emissions. With tightening environmental regulations, including the International Maritime Organization’s push for net-zero emissions by 2050, the industry must find cleaner, scalable energy solutions. Let's decarbonize shipping. Learn more in the comments below. 👇

We are thrilled to announce that Nel has signed an EPC collaboration agreement with SAMSUNG E&A, enabling them to offer complete hydrogen plants of their own design powered by Nel’s electrolysers.   In addition, SAMSUNG E&A will acquire 10% of newly issued shares through a private placement, resulting in a post-transaction ownership of 9.1% - making them Nel’s largest single shareholder.   This partnership strengthens our commitment to accelerating the hydrogen economy and scaling up renewable hydrogen production worldwide. Learn more by following the link in the comments below 👇

We’re proud to have supplied the electrolyser for the HySynergy 20MW project, now delivering green hydrogen to Crossbridge Energy A/S! This marks a significant step towards large-scale hydrogen production and a more sustainable energy system. Huge congratulations to Everfuel, Crossbridge Energy, and all partners for this milestone. Looking forward to the next steps in the hydrogen transition!

We are pleased to share that Nel has now formally signed the EUR 135 million grant from the EU’s Innovation Fund, supporting the industrialization of our next-generation electrolyser technology in Norway. This funding represents a significant milestone in our efforts to scale green hydrogen production, bolster technological advancements, and contribute to Europe’s climate goals. We look forward to further strengthening our position as a leading provider of hydrogen solutions and driving the transition toward a sustainable energy future. Find out more in the comments. 👇

Nel’s Q4 2024 results are now available! We closed out the year with strong financials and continued progress toward profitability: 🟣 Reported fourth quarter 2024 revenues of NOK 416 million 🟣 Alkaline had a positive EBITDA both in Q4 and for the full year 🟣 Strong cash balance at year-end of NOK 1 876 million “I am pleased that our business results in 2024 maintained an upward trajectory. Since 2022 we have nearly doubled revenues, cut EBITDA losses by 60%, and significantly reduced cash burn,” says Håkon Volldal, President & CEO of Nel. Looking ahead, we expect a stronger order intake in 2025 compared to previous years. “I am convinced Nel will end up as one of the winning electrolyser OEMs based on our strong legacy platforms and our breakthrough next-generation platforms,” adds Volldal. The link to the results and the video presentation are in the comments below.