NEL Markets

Where: Oslo, Norway
Nel is a global, dedicated hydrogen company, delivering optimal solutions to produce, store and distribute hydrogen from renewable energy. We serve industries, energy and gas companies with leading hydrogen technology. Since its foundation in 1927, Nel has a proud history of development and continual improvement of hydrogen plants. Our hydrogen solutions cover the entire value chain from hydrogen production technologies to manufacturing of hydrogen fueling stations, providing all fuel cell electric vehicles with the same fast fueling and long range as conventional vehicles today.

Joint Ventures:

Where: Denmark
Shareholders: E.F. Holding (80,1%) and Nel (19,9%)
When: Ongoing


South Korea
Shareholders: Hyundai Motor Company, Korea Gas Corporation, and Air Liquide Korea
+10 other
Stake: EUR 0.8 million
When: Ongoing


Where: Norway
Shareholders: Powercell (33,3%), Hexagon Composites (33,3%) and Nel (33,3%)
When: Ongoing


Green H2 Norway:
Where: Norway
Shareholders: Nel Fuel AS, H2 Energy AS (H2 Energy), Greenstat AS (Greenstat), Akershus Energi Infrastruktur AS (Akershus Energi)
Equally owned by the parties
Objective: Establish renewable hydrogen production facilities in Norway to supply hydrogen to Hyundai trucks
From 2020