We initiate coverage of Nel, another pure play in the hydrogen sector. Based in Norway, Nel has almost a 100-year-old history of delivering Alkaline electrolysers and has recently diversified into PEM. Additionally, Nel also sells hydrogen fuelling stations that serve fuel cell electric vehicles. The company has electrolyser manufacturing plants in Norway and the USA, with fuelling station manufacturing located in Denmark. Nel’s shares are listed on the Oslo Stock Exchange.
01 Dec 2022
The right candidate to play the green hydrogen theme?
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The right candidate to play the green hydrogen theme?
We initiate coverage of Nel, another pure play in the hydrogen sector. Based in Norway, Nel has almost a 100-year-old history of delivering Alkaline electrolysers and has recently diversified into PEM. Additionally, Nel also sells hydrogen fuelling stations that serve fuel cell electric vehicles. The company has electrolyser manufacturing plants in Norway and the USA, with fuelling station manufacturing located in Denmark. Nel’s shares are listed on the Oslo Stock Exchange.