Nel ASA, commonly referred to as Nel, is a leading hydrogen solutions provider headquartered in Norway. Founded in 1927, the company has established itself as a pioneer in the hydrogen industry, focusing on the production, storage, and distribution of hydrogen fuel. With significant operations across Europe, North America, and Asia, Nel is at the forefront of the transition to sustainable energy.
The company offers a range of innovative products, including electrolyser systems and hydrogen refuelling stations, which are distinguished by their efficiency and reliability. Nel's commitment to advancing hydrogen technology has positioned it as a key player in the global market, contributing to various high-profile projects aimed at reducing carbon emissions. With a strong emphasis on sustainability, Nel continues to drive the adoption of hydrogen as a clean energy source, solidifying its reputation as an industry leader.
+9 vs industry average
Nel’s score of 28 is higher than 59% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Gas/Diesel Oil has above-average carbon intensity
Industry performance
The Gas/Diesel Oil industry has reduced its overall emissions by 41% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Nel's reported carbon emissions
In 2024, Nel ASA reported total carbon emissions of approximately 13,363,000 kg CO2e, comprising 171,000 kg CO2e from Scope 1, 8,002,000 kg CO2e from Scope 2 (market-based), and 13,363,000 kg CO2e from Scope 3. The previous year, 2023, emissions were slightly higher at approximately 15,509,000 kg CO2e, with Scope 1 emissions at 373,000 kg CO2e and Scope 2 emissions at 5,905,000 kg CO2e (market-based). In 2022, Nel's emissions were approximately 7,000,000 kg CO2e, with no Scope 1 emissions reported and Scope 2 emissions at 1,000,000 kg CO2e. The company has not set specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or SBTi commitments. Nel ASA operates with a focus on hydrogen production, which is critical in the transition to a low-carbon economy. The company is committed to improving its sustainability practices, although specific climate pledges or initiatives have not been disclosed. The emissions data is not cascaded from any parent organization, indicating that it is independently reported by Nel ASA.
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Nel’s Climate Goals (2030 & 2050)
No climate goals have been disclosed for Nel yet.
Scope 3 top emissions categories
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Emissions comparison with industry peers
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Nel
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