Following the demerger of its hydrogen refueling division, Nel ASA is now fully dedicated to advancing electrolyzer technology for renewable hydrogen production. With a century of experience, Nel focuses on enhancing the reliability and energy efficiency of its electrolyzers. The company is heavily investing in next-generation PEM and alkaline electrolyzers, with collaborations like General Motors accelerating PEM electrolyzer advancements. Nel's strategic partnerships with leaders like Reliance Industries and EPC firms aim to meet global demand. Capacity expansions in Norway and the US, with annual production capacities doubling and increasing, demonstrate Nel's growth trajectory. The company has also secured substantial funding for a Detroit gigafactory. Nel's recent financial results show progress towards sustainable profitability, with positive EBITDA from the alkaline division, emphasizing the success of its business model.