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Nel ASA is a global company headquartered in Oslo, Norway, specializing in hydrogen production technologies and solutions. The company's core business involves the development and manufacturing of hydrogen production plants, renewable energy storage, and hydrogen refueling stations. Nel ASA’s key products include electrolysers, which are used to produce hydrogen from renewable energy sources, and hydrogen fueling equipment that supports infrastructure for fuel cell electric vehicles. Established in 1927, Nel has a long history in the hydrogen sector and continues to expand its footprint through strategic collaborations and technological advancements. The company's competitive strengths lie in its extensive experience, advanced technology, and strong presence across key markets in Europe, North America, and Asia.

GE Aerospace is the global leader in designing, manufacturing, and servicing commercial aircraft turbine engines, along with partner Safran in their CFM joint venture. With its massive global installed base of nearly 80,000 commercial and military engines, GE Aerospace earns most of its profits on recurring service revenue of that equipment, which operates for decades. GE Aerospace is the remaining core business of the company formed in 1892 with historical ties to American inventor Thomas Edison; General Electric became a storied conglomerate, with peak revenue of $130 billion in 2000, until it spun off its appliance, finance, healthcare, and wind and power businesses between 2016 and 2024.