Nel ASA (0E4Q.IL)

4.7300 +0.0555 (+1.19%) At close: 06:09PM BST

Nel ASA

Karenslyst allé 49
Oslo 0279
Norway
47 23 24 89 50
https://nelhydrogen.com

Sector(s): Industrials
Industry: Specialty Industrial Machinery
Full-time employees: 622

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Hakon Rypern Volldal	Chief Exec. Officer	5M	N/A	1976
Mr. Kjell Christian Bjornsen	Chief Financial Officer	3.1M	N/A	N/A
Mr. Esa Laukkanen	Chief Operating Officer	1.14M	N/A	N/A
Mr. Stein Ove Erdal	Sr. VP of Legal & Gen. Counsel	3.31M	N/A	N/A
Ms. Caroline Duyckaerts	Chief HR Officer	2.11M	N/A	N/A
Mr. Jorn Rosenlund	Chief Strategy Officer	2.16M	N/A	N/A
Mr. Hans H. Hide	Chief Project Officer of Electrolyser	3.24M	N/A	N/A
Mr. Filip Smeets	Chief Commercial Officer of Electrolyser	2.23M	N/A	N/A
Mr. Robert Borin	Sr. VP of Fueling Division	3.42M	N/A	N/A
Marius Løken	Chief Technology Officer	N/A	N/A	N/A

Amounts are as of 31 December 2022, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in NOK.

Description

Nel ASA, a hydrogen company, provides various solutions to produce, store, and distribute hydrogen from renewable energy in Norway and internationally. The company operates in two segments, Nel Hydrogen Fueling and Nel Hydrogen Electrolyser. The Nel Hydrogen Fueling segment produces H2Station hydrogen fueling stations that provide fuel cell electric vehicles with the fueling and long range as conventional fossil fuel vehicles, include cars, buses, trucks, and other applications. The Nel Hydrogen Electrolyser segment supplies hydrogen production equipment based on alkaline and proton exchange membrane water electrolysis technology. It serves industry, energy, and gas companies. The company was formerly known as DiaGenic ASA and changed its name to Nel ASA in October 2014. Nel ASA was founded in 1927 and is headquartered in Oslo, Norway.

Corporate governance

Nel ASA’s ISS governance QualityScore as of 1 October 2023 is 5. The pillar scores are Audit: 1; Board: 1; Shareholder rights: 1; Compensation: 10.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.