'Smaller than anticipated' | Nel faces up to shrinking order backlog amid green hydrogen project woes

While revenue from its alkaline electrolysers has fallen drastically, the Norwegian firm’s PEM segment appears in better shape as it progresses with factory expansion

Håkon Volldal, president and CEO of Nel
Håkon Volldal, president and CEO of NelPhoto: Nel
Published 16 July 2025, 09:54Updated 16 July 2025, 13:54
NelNorwayElectrolysersPEM electrolysersalkaline electrolysers