Nel Hydrogen Competitors and Similar CompaniesClear all

Nel Hydrogen's competitors and similar companies include Hydrogenics and ITM Power.

	Nel Hydrogen Nel ASA is a company that develops and manufactures PEM and alkaline electrolysers for hydrogen production.	Hydrogenics Hydrogenics is a designer and manufacturer of hydrogen systems.	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 1995	Founding Date 2000
Type	Type Public	Type Subsidiary	Type Public
Tags	Tags Energy & Utilities energy storage hydrogen renewables	Tags Energy & Utilities energy services energy storage fuel cells hydrogen	Tags Energy & Utilities Manufacturing & Industrial energy storage hydrogen renewables
Locations	Locations Oslo, NO HQ Vienna, AT Brussels, BE Santiago, CL Munich, DE Notodden, NO Porsgrunn, NO see more	Locations Mississauga, CA HQ	Locations Rotherham, GB HQ Queensland, AU Linden, DE Edinburgh, GB Sheffield, GB
Employees	Employees 394	Employees 921% increase	Employees 30814% decrease
Valuation ($)	Valuation ($) 702.1 m	Valuation ($) N/A	Valuation ($) 323.5 m
Financial
Revenue (est.)	Revenue (est.) kr963.1m (FY, 2025)	Revenue (est.) N/A	Revenue (est.) £26m (FY, 2025)
Cost of goods	Cost of goods kr400.6m (FY, 2025)	Cost of goods N/A	Cost of goods £42.3m (FY, 2025)
Gross profit	Gross profit kr678.2m (FY, 2025)	Gross profit N/A	Gross profit (£12.9m) (FY, 2025)
Net income	Net income (kr1.3b) (FY, 2025)	Net income N/A	Net income (£45.5m) (FY, 2025)
Funding
Total funding raised	Total funding raised $ 75m	Total funding raised $ 13.3m	Total funding raised $ 15.2m