Nel Hydrogen Competitors and Similar CompaniesClear all
Nel Hydrogen's competitors and similar companies include Hydrogenics, Ballard Power Systems, ITM Power and Siemens Gamesa.
 Nel Hydrogen Nel ASA is a company that develops and manufactures PEM and alkaline electrolysers for hydrogen production. |  Ballard Power Systems Ballard Power Systems is a provider of hydrogen fuel cell products and services. |  ITM Power ITM Power is a company that specializes in designing and manufacturing proton exchange membrane (PEM) electrolysers. |  Siemens Gamesa Siemens Gamesa Renewable Energy (formerly known as Grupo Auxiliar Metalúrgico) is a company that provides onshore and offshore wind turbine technologies. | ||
Founding Date | Founding Date 1927 | Founding Date 1995 | Founding Date 1979 | Founding Date 2000 | Founding Date 1976 |
Type | Type Public | Type Subsidiary | Type Public | Type Public | Type Subsidiary |
Tags | |||||
Locations | Locations Mississauga, CA HQ | Locations Burnaby, CA HQ Guangzhou, CN Weifang, CN Hobro, DK Bend, US | Locations Rotherham, GB HQ Queensland, AU Linden, DE Edinburgh, GB Sheffield, GB | Locations Zamudio, ES HQ Buenos Aires, AR Bayswater, AU Macquarie Park, AU Wien, AT Beersel, BE Camaçari, BR see more | |
Employees | Employees 394 | Employees 921% increase | Employees 887 | Employees 30814% decrease | Employees 29,6021% increase |
Valuation ($) | Valuation ($) 702.1 m | Valuation ($) N/A | Valuation ($) 497.3 m | Valuation ($) 323.5 m | Valuation ($) N/A |
Financial | |||||
Revenue (est.) | Revenue (est.) kr963.1m (FY, 2025) | Revenue (est.) N/A | Revenue (est.) $99.4m (FY, 2025) | Revenue (est.) £26m (FY, 2025) | Revenue (est.) €82.2m (Y, 2024) |
Cost of goods | Cost of goods kr400.6m (FY, 2025) | Cost of goods N/A | Cost of goods $89.8m (FY, 2025) | Cost of goods £42.3m (FY, 2025) | Cost of goods N/A |
Gross profit | Gross profit kr678.2m (FY, 2025) | Gross profit N/A | Gross profit $9.6m (FY, 2025) | Gross profit (£12.9m) (FY, 2025) | Gross profit N/A |
Net income | Net income (kr1.3b) (FY, 2025) | Net income N/A | Net income ($90.9m) (FY, 2025) | Net income (£45.5m) (FY, 2025) | Net income €145.7m (Y, 2024) |
Operating ⚠ | |||||
Order Intake | Order Intake kr775m (Q3, 2022) | Order Intake N/A | Order Intake N/A | Order Intake N/A | Order Intake €1.6b (Q1, 2023) |
Funding | |||||
Total funding raised | Total funding raised $ 75m | Total funding raised $ 13.3m | Total funding raised $ 174.7m | Total funding raised $ 15.2m | Total funding raised N/A |
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Hydrogenics
HQ
Mississauga, CA
Hydrogenics is a designer and manufacturer of hydrogen systems.
View companyBallard Power Systems
HQ
Burnaby, CA
Employees
887
Ballard Power Systems is a provider of hydrogen fuel cell products and services.
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.
View companySiemens Gamesa
HQ
Zamudio, ES
Siemens Gamesa Renewable Energy (formerly known as Grupo Auxiliar Metalúrgico) is a company that provides onshore and offshore wind turbine technologies.
View company