Oslo, Norway – Nel ASA reported its Q4 2024 earnings in a conference call on February 26, 2025, led by Chief Executive Officer Hakon Volldal. Alongside, Chief Financial Officer Kjell Christian Bjornsen and Head of Investor Relations Wilhelm Flinder also participated in the call. Various industry analysts, including Kulwinder Rajpal of AlphaValue SA and Erwan Kerouredan of RBC Capital Markets, took part in the conference call.

Hakon Volldal commenced the presentation from Oslo, providing an overview of Nel’s operations. Nel, established in 1927 as an electrolyser technology company, has a strong global presence, having supplied over 7,000 electrolysers to more than 80 countries. The company boasts 1.5 gigawatts of manufacturing capacity annually, with facilities in Norway and the U.S., showcasing its dedication to innovation and advancement in the industry.

During the conference call, Volldal outlined the agenda, which included a review of the fourth quarter and full year 2024 highlights, a commercial update, technology advancements, and a summary with future outlook. Nel’s commitment to research and development for next-generation technologies was emphasized, reflecting their continuous investment in staying at the forefront of the electrolyser technology market.

Analysts and investors gained insights into Nel’s strategic positioning and operational milestones achieved in 2024. The company’s growth trajectory, with a focus on expanding its manufacturing capacity and enhancing its technology offerings, was highlighted throughout the presentation. Volldal, Bjornsen, and Flinder successfully conveyed Nel’s progress and future prospects, providing stakeholders with a comprehensive overview of the company’s performance.

Nel’s strong presence in the electrolyser technology sector, coupled with its robust manufacturing capabilities and global reach, positions the company as a key player in the industry. The continuous investment in research and development underscores Nel’s commitment to innovation and sustainability, catering to the growing demand for clean energy solutions worldwide. As the conference call concluded with a Q&A session, stakeholders were left with a clear understanding of Nel’s strategic direction and vision for the future.