Nordic hydrogen firm close to huge expansion

After more than doubling annual revenue and landing a long-awaited quarterly profit, Nordic hydrogen company Nel is getting ready to launch ten-fold growth in capacity.

Photo: PR Foto

While most focus in the transportation industry is on electric cars, the market for alternative green transportation is also progressing, according to Danish-Norwegian hydrogen company Nel.

At any rate, the company seems to be proof of this claim in its latest annual report, which reveals more than a doubling of revenue. The report arrives on top of a Q4 report showing a small profit for the expansion-hungry Nordic group. The company can thank US President Donald Trump for that profit.

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