Nel ASA publishes Annual Report 2017


Nel, provider of renewable hydrogen (H2) solutions, ends the year as the largest electrolyzer company in the world and with an all-time high order backlog.

The company has reported in its 2017 Annual Report revenues of NOK 298.4m ($38m) compared to NOK 114.5m ($14.6m) in 2016. This increase follows the acquisition of Proton OnSite as of 30th June 2017 and an increased interest in H2 solutions such as fuelling stations, electrolyzers as well as integrated systems.

At the end of 2017, Nel had an order book of approximately NOK 465m ($59.1m).

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