Hydrogenics Competitors and Similar CompaniesClear all
Nel Hydrogen's competitors and similar companies include PowerCell Group, HIAT and ITM Power.
 Nel Hydrogen Nel ASA is a company that develops and manufactures PEM and alkaline electrolysers for hydrogen production. |  PowerCell Group PowerCell Group (also known as PowerCell Sweden) is a company that develops and produces fuel cells and fuel cell systems with high-power density powered by hydrogen.
|  HIAT H.I.A.T. (Hydrogen Institute of Applied Technologies) is an organization specializing in the research and development of hydrogen and fuel cell technology. |  ITM Power ITM Power is a company that specializes in designing and manufacturing proton exchange membrane (PEM) electrolysers. | |
Founding Date | Founding Date 1927 | Founding Date 2008 | Founding Date 2002 | Founding Date 2000 |
Type | Type Public | Type Public | Type Private | Type Public |
Tags | ||||
Locations | Locations Göteborg, SE HQ Frankfurt Am Main, DE | Locations Schwerin, DE HQ | Locations Rotherham, GB HQ Queensland, AU Linden, DE Edinburgh, GB Sheffield, GB | |
Employees | Employees 394 | Employees 146 | Employees 433% increase | Employees 30814% decrease |
Valuation ($) | Valuation ($) 702.1 m | Valuation ($) 225.2 m | Valuation ($) N/A | Valuation ($) 323.5 m |
Financial | ||||
Revenue (est.) | Revenue (est.) kr963.1m (FY, 2025) | Revenue (est.) kr385m (FY, 2025) | Revenue (est.) N/A | Revenue (est.) £26m (FY, 2025) |
Cost of goods | Cost of goods kr400.6m (FY, 2025) | Cost of goods kr183.9m (FY, 2025) | Cost of goods N/A | Cost of goods £42.3m (FY, 2025) |
Gross profit | Gross profit kr678.2m (FY, 2025) | Gross profit kr227.5m (FY, 2025) | Gross profit N/A | Gross profit (£12.9m) (FY, 2025) |
Net income | Net income (kr1.3b) (FY, 2025) | Net income (kr29.5m) (FY, 2025) | Net income N/A | Net income (£45.5m) (FY, 2025) |
Funding | ||||
Total funding raised | Total funding raised $ 75m | Total funding raised $ 35.9m | Total funding raised N/A | Total funding raised $ 15.2m |
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PowerCell Group
HQ
Göteborg, SE
Employees
146
PowerCell Group (also known as PowerCell Sweden) is a company that develops and produces fuel cells and fuel cell systems with high-power density powered by hydrogen.
View companyHIAT
HQ
Schwerin, DE
Employees
4↑ 33% increase
H.I.A.T. (Hydrogen Institute of Applied Technologies) is an organization specializing in the research and development of hydrogen and fuel cell technology.
View companyITM Power
HQ
Rotherham, GB
Employees
308↓ 14% decrease
ITM Power is a company that specializes in designing and manufacturing proton exchange membrane (PEM) electrolysers.
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