Nel Q3 electrolyser order backlog up 8pc

Leading pure-play electrolyser maker has 11GW of potential orders in pipeline and remains bullish on green hydrogen outlook

Norway-based electrolyser manufacturer Nel says its backlog of firm orders at the end of the third quarter was up 8pc year-on-year but down slightly on the previous quarter as orders are getting bigger and taking longer to close. The value of the order backlog stood at NOK1.01bn ($122mn), with order intake during the quarter totalling NOK139.2mn, according to Nel, the world’s largest pure-play hydrogen electrolyser maker by revenue. The company’s pipeline of potential orders continues to grow and now stands at a total of 11GW of capacity worth $6bn. The pipeline includes a single order for 1.6GW of electrolyser capacity, potentially Nel’s largest-ever single sale. “It is encouraging to see t