Nel ASA Shares Rise: Nel ASA Receives Million-Euro Order for Containerized PEM Electrolyzers in Europe

Oslo (Norway) - The Norwegian hydrogen company Nel ASA, through its U.S. subsidiary Nel Hydrogen US, has received an order worth around USD 7 million for containerized PEM electrolyzers.

The client is Mesure Process, a subsidiary of Synqo Energies, which intends to deploy the systems for a European project. This is the second order this customer has placed with Nel.

The PEM-based electrolyzers are to produce exclusively renewable hydrogen for hydrogen refueling stations and industrial applications. Commissioning of the site is planned for 2027.

Synqo Energies, formerly MPH Énergie, will act as the EPC contractor (Engineering, Procurement and Construction) responsible for implementing the overall system. This includes the complete hydrogen refueling infrastructure, which is owned by a consortium of operators and off-takers.

Mesure Process develops integrated solutions in the areas of projects, products, and services, supporting industrial companies and mobility-sector operators in transitioning to alternative energy sources. “This project marks an important milestone for Mesure Process,” says CEO Marcello Venturi.

Nel particularly highlights the repeat order from the customer. “We’re very pleased to secure this repeat order from Mesure Process, which underlines their trust in our technology. The MC platform is gaining strong momentum, with its fully modular design enabling easy transport and rapid installation, making it a highly versatile solution across a wide range of applications,” says Todd Cartwright, CCO of Nel ASA.

Nel ASA’s share price rose by almost 13 % over the past week to €0.216.

Source: IWR Online, 20 Apr 2026