But it’s always been too complicated, too expensive, too “something” to become a viable source of renewable energy. For information Companies withratings are not formally covered by a Morningstar analyst, but are Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Hydrogen, now mainly used in oil refining and to produce ammonia for fertilisers, is viewed as a potential green fuel. Privacy Policy and Nel ASA is a Norwegian company based in Oslo. All content is posted anonymously by employees working at Nel Hydrogen. Norwegian electrolyser maker Nel has unveiled plans to cut the cost of its electrolysers by about 75% in a new 2GW factory — set to be the world’s largest — and to reduce the price of green hydrogen to $1.50 per kg by 2025, roughly the same cost as grey H2 derived from unabated fossil fuels. attributed to; however, Mr. Lee Davidson, Head of Quantitative Research for Morningstar, Inc., “Achieving this would allow green hydrogen to start to reach fossil parity, representing one of the most significant achievement for zero-emission solutions and a carbon neutral planet,” Chief Executive Jon Andre Loekke said. 93 talking about this. Nel to slash cost of electrolysers by 75%, with green hydrogen at same price as fossil H2 by 2025. Nel Hydrogen Electrolyser AS is located in NOTODDEN, VESTFOLD OG TELEMARK, Norway and is part of the Machinery Manufacturing Industry. Solutions. here Nel is a global, dedicated hydrogen company, delivering optimal solutions to produce, store, and distribute hydrogen from renewable energy. 114 talking about this. peer companies that do receive analyst-driven ratings. This puts it in a great position to profit from green hydrogen growth. All that involves vast expense and work of creating a … Nel says 'green' hydrogen could be as cheap as fossil alternative by 2025 OSLO: Norway 's Nel, a maker of zero-emission hydrogen technology, will expand its operations in 2021 to make its products more cost competitive, leading to a significant loss for the year, it said on Thursday. Click here for more on how to use these ratings. Finding a way to make this cheaply, or under $1.50 per kilo, is often described as the holy grail of green energy transition. click and Personal Securities Trading Policy in carrying out his responsibilities. . Nel’s share price has risen by 200% in the last year, giving it a market value of 45 billion crowns ($5.3 billion). We are number one by nature: our technology allows people and businesses to make everyday use of hydrogen… As of March 2020, the largest shareholder is Clearstream Banking S.A. with a stake of 44.81%. We are number one by nature: our technology allows people and businesses to make everyday use of hydrogen… NEL (NEL) NEL is the leading Norwegian company that delivers optimal solutions to produce, store and distribute hydrogen from renewable energy. Nel’s goal is to enable customers to produce green hydrogen at $1.5 per kilo in 2025, a cost level where it can outcompete fossil alternatives, down from between $2.5 and $4.5 per kilo in 2019, it said in a strategy update. Hydrogen technology has been around for over 20 years. Our Standards: The Thomson Reuters Trust Principles. Glassdoor gives you an inside look at what it's like to work at Nel Hydrogen, including salaries, reviews, office photos, and more. regarding Conflicts of Interests, Hydrogen, currently mainly used in oil refining and to produce ammonia for fertilisers, is lauded as a potential future green fuel of choice as it does not produce greenhouse gas emissions when it burns. Morningstar Quantitative ratings for equities (denoted on this page by) are generated using an algorithm that compares companies that are not under analyst coverage to Manufacturer is building a new fully automated electrolyser factory in Norway, which will be expanded to 2GW, resulting in huge economies of scale. Reporting by Victoria Klesty, editing by Terje Solsvik and Emelia Sithole-Matarise. Nel is a global company providing solutions for the production, storage and distribution of hydrogen from renewable energy sources. Nel to slash cost of electrolysers by 75%, with green hydrogen at same price as fossil H2 by 2025 | Recharge. Electrolyzers for Largest Hydrogen Mining Truck | Nel Hydrogen. “By installing the first 500 MW line we will cut the cost approximately in half, and when we add additional lines... we should be able to cut the cost by almost half again,” Loekke said. Nel makes electrolysers used to make so-called green hydrogen from water rather than from fossil fuels, and also hydrogen fuelling equipment. Nel makes electrolysers used to make so-called green hydrogen from water rather than from fossil fuels, and also hydrogen fuelling equipment. MENU. Nel is listed in the OBX Index of the Oslo Stock Exchange. Nel is building a fully automated manufacturing facility for alkaline hydrolysers at Heroeya in southern Norway and aims to expand the production capacity to beyond 2 gigawatts (GW) annually from the current nameplate capacity of about 360 megawatt (MW). OSLO (Reuters) - Norway’s Nel, a maker of zero-emission hydrogen technology, will expand its operations in 2021 to make its products more cost competitive, leading to a significant loss for the year, it said on Thursday. The company strives to … statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, Geographically activities are functioned through the region of Norway. Hydrogen is also seen as a clean solution for fueling cars, trucks and ships and heating buildings. This site is protected by reCAPTCHA and the Google is responsible for overseeing the methodology that supports the quantitative fair value. We are number one by nature: our technology allows people and businesses to make everyday use of hydrogen… Green hydrogen requires using electrolysis to split water into its components of hydrogen and oxygen, an expensive method compared to extracting hydrogen from natural gas or coal. There is no one analyst in which a Quantitative Star Rating and Fair Value Estimate is All quotes delayed a minimum of 15 minutes. There are 12 companies in the Nel Hydrogen Electrolyser AS corporate family. It serves industries, energy and gas companies with hydrogen technology. This is the Nel Hydrogen company profile. NEL ASA is a hydrogen company delivering optimal solutions to produce, store and distribute hydrogen from renewable energy. We have our roots from the hydrogen activities of Norsk Hydro, dating back to 1927. Terms of Service apply. Nel Hydrogen Fueling. We are number one by nature: our technology allows people and businesses to make everyday use of hydrogen… 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. EBITDA of NOK -51.6 million in the fourth quarter of 2020 has decreased from NOK -11.0 million in the same quarter in 2019. Hydrogen Fueling Station | Nel Hydrogen. As an 173 talking about this. Nel is a global, dedicated hydrogen company, delivering optimal solutions to produce, store, and distribute hydrogen from renewable energy. Nel Hydrogen Fueling revenue and reported operating income of NOK 103.5 million in the fourth quarter 2020, a growth of 53% from NOK 67.5 million in the same quarter 2019. We are number one by nature: our technology allows people and businesses to make everyday use of hydrogen… This website uses cookies to improve your experience while you navigate through the website. Nel Hydrogen Electrolyser AS has 81 employees at this location and generates $7.54 million in sales (USD). 109 talking about this. Nel is the largest hydrogen electrolyzer manufacturer in the world. Terms and Conditions Privacy Center Disclosures Member User Agreement Corrections Cookies Accessibility. It wants to achieve $1.5/kg green hydrogen in 2025. employee of Morningstar, Inc., Mr. Davidson is guided by Morningstar, Inc.'s Code of Ethics It serves industries, energy and gas companies with hydrogen technology. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. Nel Hydrogen is the first dedicated hydrogen company on the Oslo Stock Exchange. The reduction was “Nel has today received notice of a fine of NOK 15m ($1.77m) for a fully owned Nel subsidiary and has been informed that a company partially owned by Nel has been fined NOK 10m ($1.18m), a portion of which Nel may be liable for,” Nel said in a statement Tuesday. fair value, and uncertainty rating. We … NEL ASA is a global supplier of hydrogen technology for industrial / energy purposes. 150 talking about this. Nel Hydrogen Announces $350/kW Electrolyser | DeepResource. © Copyright 2021 Morningstar, Inc. All rights reserved. Nel has outlined a target of producing green hydrogen at USD 1.5 per kilo* by 2025, outcompeting fossil alternatives, and reiterates the strong long-term outlook. NEL ASA is a hydrogen company delivering optimal solutions to produce, store and distribute hydrogen from renewable energy. See here for a complete list of exchanges and delays. Its products include hydrogen electrolyser and among others. This leak created a mixture of hydrogen and air that ignited. Click here for more on how to use these ratings. The company's hydrogen solutions cover the entire value chain from hydrogen production technologies to the manufacturing of hydrogen fueling stations, providing all fuel cell electric vehicles with the same fast fueling and long range as conventional vehicles. We are number one by nature: our technology allows people and businesses to make everyday use of hydrogen… Nel is a global, dedicated hydrogen company, delivering optimal solutions to produce, store and distribute hydrogen from renewable energy. NEL ASA is a global supplier of hydrogen technology for industrial / energy purposes. Read More. 170 talking about this.