Who owns Nel Hydrogen?
Nel Hydrogen is owned by Nel (Norway, Euronext Oslo: NEL).[1]
This ownership is reported in official statements but has not yet been matched to a regulatory filing.
Evidence: Nel ASA Annual Report 2024 (ESEF). Last checked .
Key facts
- Current owner
- Nel ASA reported
- Owner HQ
- 🇳🇴 Norway, Oslo
- Origin
- 🇳🇴 Norway
- Category
- Energy › Renewables & clean energy › Hydrogen & fuel cells
- Parent ticker
- Euronext Oslo: NEL
- Last verified
- · 1 sources
About Nel Hydrogen
Nel Hydrogen makes alkaline electrolysers through Nel Hydrogen Electrolyser AS in Norway and PEM electrolysers through Proton Energy Systems Inc in the United States, both 100 percent owned per the 2024 subsidiary list. The 2024 report cites the Herøya plant in Norway and a 500 MW line in Wallingford, Connecticut.
Ownership timeline of Nel Hydrogen
Where Nel Hydrogen sits in Nel
Controlling ownership as of . Brands grouped under the entity that owns them; large groups are collapsed.
Open the full Nel ownership tree →
Other brands in hydrogen & fuel cells, and who owns them
The 7 brands in hydrogen & fuel cells on Brandtree belong to 5 owners. The largest is Plug Power, with 3.
| Brand | Owner | Owner based in |
|---|---|---|
| GenDrive | Plug Power | 🇺🇸 United States |
| Cavendish Hydrogen | Cavendish Hydrogen | 🇩🇰 Denmark |
| Ceres Power | Ceres Power | 🇬🇧 United Kingdom |
| Westport | Westport | 🇨🇦 Canada |
| GenEco | Plug Power | 🇺🇸 United States |
| GenFuel | Plug Power | 🇺🇸 United States |
About the owner: Nel
Nel is a publicly listed company headquartered in Oslo, Norway. Brandtree records 1 brand under its control, and it is listed as Euronext Oslo: NEL.
Nel ASA is a Norwegian hydrogen electrolyser maker at Karenslyst allé 49, Oslo. Its 2024 annual report says the shares trade on the Oslo Stock Exchange under the ticker NEL, with 1,671,325,304 shares issued, and that the Nel Hydrogen Fueling business was spun off as Cavendish Hydrogen ASA, listed on 12 June 2024. The report lists Vanguard as the top institutional shareholder at 3.57 percent and no controlling holder.
🇳🇴 Nel Hydrogen and other Norwegian brands
Brandtree records a controlling owner for 63 brands that began in Norway. 18 of them (29%) are now controlled by a company headquartered in another country; Nel Hydrogen is not one of them.
- Vår Energi — Vår Energi 🇳🇴
- Aftenposten — Schibsted Media 🇳🇴
- Awilco LNG — Awilco LNG 🇳🇴
- Byggmakker — Kesko 🇫🇮
- Color Line — Color Line 🇳🇴
- Diplom-Is — TINE 🇳🇴
Frequently asked questions
Who is the parent company of Nel Hydrogen?
The parent company of Nel Hydrogen is Nel, a publicly listed company headquartered in Norway.
Is Nel Hydrogen Norwegian?
Yes. Nel Hydrogen originated in Norway and its owner, Nel, is also headquartered in Norway.
Is Nel Hydrogen still owned by Nel?
Yes. As of 5 October 2026, Nel Hydrogen is still owned by Nel. The ownership record was last checked against primary sources on that date.
Sources (1) & corrections
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
- [1] Nel ASA Annual Report 2024 (ESEF) — Nel ASA, Annual report; retrieved 5 October 2026.
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