Nel wins $7 million U.S. public-utility order for green hydrogen electrolyser

NEL ASA ( (NLLSF) ) has shared an update.

Nel Hydrogen US, a subsidiary of Nel ASA, has secured a roughly USD 7 million order to supply containerized PEM electrolyser equipment to Douglas County Public Utility District in East Wenatchee, Washington. The units, with stacks manufactured at Nel’s Wallingford, Connecticut facility, are scheduled to be operational in the first half of 2027.

The project marks Nel’s first green hydrogen plant to be owned and operated by a public utility, underscoring growing public-sector adoption of renewable hydrogen solutions in the U.S. By using surplus power from the Wells Hydroelectric Project, the electrolysers will help balance the grid, reduce mechanical wear on turbines and generate hydrogen for high-value uses, reinforcing Nel’s position in grid-balancing and green fuel markets.

The most recent analyst rating on (NLLSF) stock is a Hold with a NOK3.00 price target. To see the full list of analyst forecasts on NEL ASA stock, see the NLLSF Stock Forecast page.

More about NEL ASA

Nel ASA is a Norway-based pure-play hydrogen technology company with a global footprint, specializing in PEM and alkaline electrolyser systems for producing renewable hydrogen. Its solutions target decarbonization across transportation, refining, steel and ammonia, positioning the group as a key supplier to emerging green hydrogen infrastructure worldwide.

Average Trading Volume: 4,799,126

Current Market Cap: NOK4.47B

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