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NEL.OL in “Gas Turbines Become the New Backlog”

Nel ASA

Bear sideAcceleratingExposure: not rated yet

Utilities prioritizing conventional gas capacity weaken the near-term investment case for capital-intensive green-hydrogen projects.

NEL.OL impact map — “Gas Turbines Become the New Backlog”

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Oct 20, 2025 – Oct 19, 2026 · 250 sessions

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Full story

Gas Turbines Become the New Backlog

Data centers and grid instability are reviving dispatchable gas power faster than manufacturers can add turbine capacity.

BEAR side — Utilities prioritizing conventional gas capacity weaken the near-term investment case for capital-intensive green-hydrogen projects.

Read the full Gas Turbines Become the New Backlog story

Bull side

1 story
  • Carbon Gets a Customs Booth

    NEL.OL in “Carbon Gets a Customs Booth”

    FadingExposure: not rated yet

    Europe’s carbon border turns emissions intensity into a trade cost and low-carbon production into a competitive moat.

    Nel's electrolyzers enable renewable hydrogen production, which can avoid much of the CBAM burden attached to conventionally produced imported hydrogen and help decarbonize steel and fertilizer plants.

Bear side

1 story
  • NEL.OL in “Gas Turbines Become the New Backlog”

    AcceleratingExposure: not rated yet
    Viewing

    Data centers and grid instability are reviving dispatchable gas power faster than manufacturers can add turbine capacity.

    Utilities prioritizing conventional gas capacity weaken the near-term investment case for capital-intensive green-hydrogen projects.