Jon Andre Lokke, Nel's CEO
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
Also in this section
18 September 2024
Greater regulatory clarity and support for demand will be critical for tackling project delays over next two years, say Hydrogen Council and McKinsey
18 September 2024
As part of Petroleum Economist's 90th anniversary special coverage, we look at how hydrogen has emerged from relative obscurity to become a key player in the transition to net zero
6 September 2024
Emirati NOC signs groundbreaking deal to take 35% stake in ExxonMobil’s large-scale Baytown project, despite uncertainty over US government support
5 September 2024
French green hydrogen producer to supply German firm’s network of refuelling stations under its first major long-term offtake agreement
