Norwegian Hydrogen Leader Faces Mounting Challenges

The outlook for Europe’s hydrogen sector has darkened considerably, with Norwegian pioneer Nel ASA finding itself at the center of a severe industry downturn. Market experts have dramatically slashed their revenue forecasts, painting a concerning picture for the company’s medium-term prospects. What initially appeared to be a temporary market correction is now being viewed as a structural crisis affecting the entire renewable hydrogen landscape.

Key performance indicators reveal the extent of the challenges facing Nel ASA:

• Third-quarter new orders collapsed to just NOK 57 million
• The order backlog has now contracted for six consecutive quarters, falling to NOK 984 million
• Both alkaline and PEM Read more...