Hydrogen technology company Nel reports that several smaller projects, as well as larger ones in the 50–150 megawatt range, are approaching final investment decisions over the coming quarters. This was detailed in the company's presentation materials.

Demand is being driven particularly by containerized PEM systems, where lower capital expenditures and standardized solutions are bolstering competitiveness.

Europe is identified as the most active market, though progress is also being made in North America, the Middle East, and Asia.