Nel see pressure on margins in medium term
Nel warns of continued cost pressure on margins
Norwegian electrolyser manufacturer reports 25pc rise in value of order backlog despite intensifying competition
Electrolyser and hydrogen fuelling system manufacturer Nel expects its margins to remain under pressure in the medium term from rising commodity prices and supply chain disruptions in an increasingly competitive market. Competition is intensifying as Nel and others are ramping up production capacity, the Oslo-based company says. Nel has also been “negatively impacted” by pandemic-related travel restrictions and disruptions in the supply chain. “At the same time, raw material costs have increased. In combination all of this has put pressure on the margins and will continue to do so in the medium term,” the company says in its latest earnings report. Nel says raw material costs in the fourth q
Also in this section
4 March 2026
Turmoil in Middle East reminds nascent clean hydrogen sector that its future prospects are dependent on global energy markets and geopolitics
25 February 2026
Low-carbon hydrogen and ammonia development is advancing much more slowly and unevenly than once expected, with high costs and policy uncertainty thinning investment. Meanwhile, surging energy demand is reinforcing the role of natural gas and LNG as the backbone of the global energy system, panellists at LNG2026 said
18 February 2026
Norwegian energy company has dropped a major hydrogen project and paused its CCS expansion plans as demand fails to materialise
4 February 2026
Europe’s largest electrolyser manufacturers are losing patience with policymakers as sluggish growth in the green hydrogen sector undermines their decision to expand production capacity
