Nel reports 67% jump in Q4 2022 revenues

Nel reported revenues of NOK414m ($40m) in Q4 2022, up from NOK248m ($23.9m) in Q4 2021.

Order intake totalled NOK982m ($95m) which included 92% from hydrogen and alkaline electrolysers full year order intake was NOK2,275m.

By the end of Q4 2022, the order backlog was NOK2,613m ($252.8m) with 85% related to electrolysers.

Nel Hydrogen Electrolyser reported a 75% increase in revenue and operating income compared to Q4 2021.

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