Nel ASA 2024 AR2
The report highlights Nel's performance in 2024, during which the company spun off its fueling division into Cavendish Hydrogen to focus entirely on electrolyser technology. Nel achieved revenues of NOK 1,390 million, in line with the previous year, and significantly reduced its EBITDA losses. Key operational milestones included opening a 500 MW PEM production line in Wallingford, USA, and Line 2 at Herøya, Norway, bringing total alkaline capacity to 1 GW. On the sustainability front, the company achieved a significant reduction in safety incident rates, with the Lost Time Injury Rate dropping by nearly 80%. Additionally, Nel conducted its second double materiality assessment to prepare for upcoming CSRD requirements.
Company: Nel ASA
Sector: Industrials
Country: Norway
Year: 2024
Type: AR2
Pages: 174
Nel ASA
Annual Report
The report highlights Nel's performance in 2024, during which the company spun off its fueling division into Cavendish Hydrogen to focus entirely on electrolyser technology. Nel achieved revenues of NOK 1,390 million, in line with the previous year, and significantly reduced its EBITDA losses. Key operational milestones included opening a 500 MW PEM production line in Wallingford, USA, and Line 2 at Herøya, Norway, bringing total alkaline capacity to 1 GW. On the sustainability front, the company achieved a significant reduction in safety incident rates, with the Lost Time Injury Rate dropping by nearly 80%. Additionally, Nel conducted its second double materiality assessment to prepare for upcoming CSRD requirements.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Published
Feb 26, 2025
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Energy Consumption
Total Waste
Women on Board
Women in Management
Workplace Fatalities
Net Zero Target
Employees