NEL ASA

Nel Hydrogen | Proven technology. Trusted partner.

Nel is a global, dedicated hydrogen company, delivering optimal solutions to produce, store and distribute hydrogen from renewable energy.

Keywords

manufacturingbattery chargerstransistorselectric door opening and closing mechanismsbellsextension cordsultrasonic cleanersinvertersrectifiersfuel cellspower suppliesuninterruptible power supplies (ups)surge suppressorsappliance wiringconnectorscarbon electrodesgraphite electrodescontactsparticulate acceleration electrodescapacitorsresistorsacceleration electrodeselectromagnetssirensscoreboardssignssignaling equipmentlight signalspedestrian signalsinsulatorsbase metal pipesfittingselectroweldingsoldering equipmentsoldering irons

Organization

CEO: HR
Håkon Rypern Volldal1976
Chairman of the board: AM
Arvid Moss1958
Years since formation: 27 years; since Aug 26, 1998
Type: Public limited company
VAT registered: Yes
Number of employees: 29

Ownership

Number of shares and share classes: 1,671,325,304; 1 share class
Total number of shareholders: 23839; 497 companies, 23,342 persons
Belongs to group of

Financials

Total operating income 2024: 105,588,000; NOK
Annual total result 2024: -710,568,000; NOK
Total equity 2024: 5,852,330,000; NOK

Last update: May 8, 2025

Management

Management / administration

Name	Role	Shares
HR Håkon Rypern Volldal 1976	Managing Director/CEO	-

Board

Name	Role	Shares
HL Hanne Legardt Blume Levy 1968	Board Member	-
BM Beatriz Malo De Molina Laborde 1972	Board Member	-
AC Anna Charlotta Falvin 1966	Board Member	-
TR Tom Røtjer 1953	Board Member	-
JB Jens Bjørn Staff 1967	Board Member	-
AM Arvid Moss 1958	Chairman	-
GY Gyu Yeon Kang 1965	Board Member	-

Others

Name	Role	Shares
E ERNST & YOUNG AS	Auditor	-

Last update: Jun 11, 2025

Ownership

Company shareholders

Name	Share class	Total number of shares	Share
CB Clearstream Banking S.a.	NO0010081235	1,117,898,805	66.89 %
SB Street Bank And Trust Comp State	NO0010081235	26,404,548	1.58 %
SA Sis Ag Six	NO0010081235	23,702,191	1.42 %
BC Bank Caceis	NO0010081235	18,182,617	1.09 %
BA Bank Ab Nordnet	NO0010081235	17,116,623	1.02 %
SA Switzerland Ag Ubs	NO0010081235	16,400,629	0.98 %
CB Chase Bank Na London Jpmorgan	NO0010081235	12,226,723	0.73 %
BA Bank As Saxo	NO0010081235	11,801,918	0.71 %
SB Street Bank And Trust Comp State	NO0010081235	11,465,114	0.69 %
TB The Bank Of New York Mellon Sa/Nv	NO0010081235	11,090,271	0.66 %
BA Bank Ab Avanza	NO0010081235	9,857,050	0.59 %
SB Street Bank And Trust Comp State	NO0010081235	9,586,420	0.57 %
TN The Northern Trust Comp, London Br	NO0010081235	9,029,738	0.54 %
BS Bank Sanv Euroclear	NO0010081235	8,909,771	0.53 %
BN Bank Nv Kbc	NO0010081235	8,063,596	0.48 %
K KOMMUNAL LANDSPENSJONSKASSE GJENSIDIG FORSIKRINGSSELSKAP	NO0010081235	8,044,772	0.48 %
TB The Bank Of New York Mellon Sa/Nv	NO0010081235	7,926,200	0.47 %
BC Bank Caceis	NO0010081235	7,428,904	0.44 %
EB Enskilda Banken Ab Skandinaviska	NO0010081235	7,400,000	0.44 %
BA Bank As Danske	NO0010081235	6,802,002	0.41 %
F FOLKETRYGDFONDET	NO0010081235	6,320,973	0.38 %
V VERDIPAPIRFONDET ALFRED BERG INDEKS	NO0010081235	6,175,897	0.37 %
MS Morgan Se Jp	NO0010081235	6,102,677	0.37 %
SC Stanley Co International Morgan	NO0010081235	6,001,500	0.36 %
V VERDIPAPIRFONDET DNB NORGE INDEKS	NO0010081235	5,514,660	0.33 %
MS Morgan Stanley & Co. Int. Plc.	NO0010081235	5,030,976	0.3 %
NC Na Citibank	NO0010081235	5,009,641	0.3 %
EP Europe Plc Citibank	NO0010081235	4,851,586	0.29 %
PB Paribas Bnp	NO0010081235	4,821,715	0.29 %
PL Paribas Leasing Solutions Bnp	NO0010081235	4,702,053	0.28 %
BP Bank Pension Plan Us	NO0010081235	4,483,211	0.27 %
V VERDIPAPIRFONDET DNB SMB	NO0010081235	3,783,913	0.23 %
NC Na Citibank	NO0010081235	3,770,255	0.23 %
IB Interactive Brokers Llc	NO0010081235	3,767,064	0.23 %
TB The Bank Of New York Mellon	NO0010081235	3,727,294	0.22 %
BA Bank Abp Nordea	NO0010081235	3,698,020	0.22 %
JB Julius Bär Co Ag Bank	NO0010081235	3,653,234	0.22 %
BI Bank International Ag Raiffeisen	NO0010081235	3,464,000	0.21 %
NS Nationalbank Schweizerische	NO0010081235	3,312,750	0.2 %
SB Street Bank And Trust Comp State	NO0010081235	3,171,409	0.19 %
TB The Bank Of New York Mellon Sa/Nv	NO0010081235	3,111,588	0.19 %
MS Morgan Se Jp	NO0010081235	2,977,848	0.18 %
PB Paribas Bnp	NO0010081235	2,846,648	0.17 %
AS And Shanghai Banking Corp Hongkong	NO0010081235	2,838,022	0.17 %
AC Aktiengesellschaft Commerzbank	NO0010081235	2,792,469	0.17 %
V VERDIPAPIRFONDET DNB AM NORSKE AKSJER	NO0010081235	2,734,926	0.16 %
HA Handelsbanken Ab Svenska	NO0010081235	2,485,621	0.15 %
EB Enskilda Banken Ab Skandinaviska	NO0010081235	2,478,555	0.15 %
BI Bank International Ag Raiffeisen	NO0010081235	2,434,007	0.15 %
CB Chase Bank Na London Jpmorgan	NO0010081235	2,391,418	0.14 %
TB The Bank Of New York Mellon Sa/Nv	NO0010081235	2,264,744	0.14 %
SA Switzerland Ag Ubs	NO0010081235	2,018,506	0.12 %
E ELMO HOLDING AS	NO0010081235	2,000,000	0.12 %
SB Street Bank And Trust Comp State	NO0010081235	1,997,706	0.12 %
TB The Bank Of New York Mellon Sa/Nv	NO0010081235	1,992,983	0.12 %
SB Street Bank And Trust Comp State	NO0010081235	1,931,086	0.12 %
TB The Bank Of New York Mellon Sa/Nv	NO0010081235	1,920,087	0.11 %
TB The Bank Of New York Mellon	NO0010081235	1,899,630	0.11 %
CB Chase Bank Na London Jpmorgan	NO0010081235	1,891,352	0.11 %
PB Paribas Bnp	NO0010081235	1,856,735	0.11 %
GS Generale Societe	NO0010081235	1,813,334	0.11 %
EP Europe Plc Citibank	NO0010081235	1,806,246	0.11 %
SA Switzerland Ag Ubs	NO0010081235	1,803,085	0.11 %
NC Na Citibank	NO0010081235	1,739,718	0.1 %
TN The Northern Trust Comp, London Br	NO0010081235	1,733,592	0.1 %
BA Bank Abp Nordea	NO0010081235	1,728,060	0.1 %
BC Bank Caceis	NO0010081235	1,726,810	0.1 %
PB Paribas Bnp	NO0010081235	1,710,049	0.1 %
CB Chase Bank Na London Jpmorgan	NO0010081235	1,652,369	0.1 %
CV Cantonale Vaudoise Banque	NO0010081235	1,637,565	0.1 %
AS Ab Swedbank	NO0010081235	1,612,529	0.1 %
NC Na Citibank	NO0010081235	1,576,192	0.09 %
CB Chase Bank Na London Jpmorgan	NO0010081235	1,506,495	0.09 %
CB Chase Bank Na London Jpmorgan	NO0010081235	1,495,121	0.09 %
HC Hsbc Continental Europe	NO0010081235	1,492,644	0.09 %
V VERDIPAPIRFONDET C WORLDWIDE NORGE III	NO0010081235	1,449,341	0.09 %
PB Paribas Bnp	NO0010081235	1,428,928	0.09 %
PM Pål Morten Hopen 1967	NO0010081235	1,391,478	0.08 %
AS And Shanghai Banking Corp Hongkong	NO0010081235	1,365,638	0.08 %
EB Enskilda Banken Ab Skandinaviska	NO0010081235	1,307,868	0.08 %
L LMS HOLDCO AS	NO0010081235	1,300,000	0.08 %
BC Bank Caceis	NO0010081235	1,292,463	0.08 %
BA Bank Ag Lgt	NO0010081235	1,266,888	0.08 %
BA Bank Aktiengesellschaft Deutsche	NO0010081235	1,216,520	0.07 %
V VIASOFT AS	NO0010081235	1,166,586	0.07 %
IH Innland Hsbc Bank Plc Market-Making	NO0010081235	1,161,406	0.07 %
BC Barclays Capital Sec. Ltd Firm	NO0010081235	1,160,854	0.07 %
SA Switzerland Ag Ubs	NO0010081235	1,100,800	0.07 %
BA Bank Abp Nordea	NO0010081235	1,066,719	0.06 %
BC Bank Caceis	NO0010081235	1,039,650	0.06 %
AL Ag London Branch Ubs	NO0010081235	1,023,047	0.06 %
CB Chase Bank Na London Jpmorgan	NO0010081235	1,020,000	0.06 %
BA Bjarne Andre Sæterstøen 1974	NO0010081235	1,011,567	0.06 %
SB Street Bank And Trust Comp State	NO0010081235	1,010,865	0.06 %
BC Bank Caceis	NO0010081235	1,000,000	0.06 %
TB The Bank Of New York Mellon Sa/Nv	NO0010081235	948,253	0.06 %
NC Na Citibank	NO0010081235	928,158	0.06 %
BA Bank Aktiengesellschaft Deutsche	NO0010081235	864,971	0.05 %
NC Na Citibank	NO0010081235	860,000	0.05 %
PB Paribas Bnp	NO0010081235	848,563	0.05 %

Shares owned by the NEL ASA

Name	Share class	Total number of shares	Share
N NEL HYDROGEN ELECTROLYSER AS	Ordinary shares	10,000	100 %
N NEL FUEL AS	Ordinary shares	30,000	100 %
N NEL ASA	NO0010081235	418,033	0.03 %

Last update: Jun 2, 2025

Group structure

NEL ASA
Total operating income 2024: NOK 105,588,000
Operating profit 2024: NOK -39,509,000
Employees: 29

Financials

in NOK

Summary

Year	2024	2023	2022	2021
Total operating income	105,588,000	79,767,000	89,947,000	75,649,000
Annual Total Result	-710,568,000	-6,952,000	-1,451,944,000	-24,456,000
Total assets	6,119,526,000	7,784,776,000	6,125,950,000	6,017,742,000
Total liabilities	267,196,000	162,070,000	84,958,000	55,591,000
Total equity	5,852,330,000	7,622,706,000	6,040,992,000	5,962,151,000

P&L

Year	2024	2023	2022	2021
Total operating income	105,588,000	79,767,000	89,947,000	75,649,000
Total operating costs	145,097,000	124,053,000	129,784,000	96,728,000
Operating result	-39,509,000	-44,286,000	-39,837,000	-21,079,000
Financial income/costs	-671,059,000	37,334,000	-1,412,107,000	-3,377,000
Profit before tax	-710,568,000	-6,952,000	-1,451,944,000	-24,456,000
Total tax & extraordinary income/cost	0	0	0	0
Annual Total Result	-710,568,000	-6,952,000	-1,451,944,000	-24,456,000

Balance overview

Year	2024	2023	2022	2021
Total fixed assets	4,030,189,000	4,371,816,000	2,965,521,000	3,271,530,000
Total current assets	2,089,337,000	3,412,960,000	3,160,429,000	2,746,212,000
Total assets	6,119,526,000	7,784,776,000	6,125,950,000	6,017,742,000
Short term debt	76,642,000	82,598,000	57,046,000	46,889,000
Long term debt	190,554,000	79,472,000	27,912,000	8,702,000
Total liabilities	267,196,000	162,070,000	84,958,000	55,591,000
Contributed capital	8,001,388,000	9,061,197,000	7,472,530,000	5,941,746,000
Retained earnings	-2,149,058,000	-1,438,491,000	-1,431,538,000	20,405,000
Total equity	5,852,330,000	7,622,706,000	6,040,992,000	5,962,151,000
Total equity and liabilities	6,119,526,000	7,784,776,000	6,125,950,000	6,017,742,000

NEL ASA979 938 799

NEL ASA

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Organization

Ownership

Financials

Management

Management / administration

Board

Others

Ownership

Company shareholders

Shares owned by the NEL ASA

Group structure

Financials

Summary

P&L

Balance overview

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