Nel Asa: Hydrogen producers, storage facilities and distributors

Founded in 1927, NEL ASA installed its first electrolyzer in a Norsk Hydro factory in Notodden, Norway in the same year. Today, Nel ASA is a globally operating Norwegian company based in Oslo, offering solutions and technologies for the production, storage and distribution of hydrogen from renewable energy.

The company's hydrogen solutions cover the entire value chain, from hydrogen production technology to the manufacture of hydrogen refueling stations that enable the industry to transition to green hydrogen, providing fuel cell electric vehicles with the same fuel supply and range as fossil fuel vehicles. In August 2021, NEL ASA completed the first fully automated factory for the production of electrolyzers in the Herøya industrial area in Porsgrunn.

nelhydrogen.com

According to the EW theory, the lower wave “i-ii” of the “iii” could be completed, and price targets of over EUR 2.50 could follow.

We all know that there is absolute greed at Tesla at the moment. It therefore makes sense to look at the technology that could potentially compete with electric cars. The advantage of this technology (hydrogen) lies primarily in its decentralized nature, the possibility of continuing to use existing infrastructure (filling stations) and the relief of the power grid at individual points.

And when it comes to hydrogen, there is no way around the Norwegian company NEL ASA. The company is growing steadily, with a turnover of over NOK 500 million in 2019. In terms of profits, it currently looks like many companies in the initial expansion phase (Amazon, Netflix, Beyond Meat, etc.). At the moment, the company is still making large losses.