The article discusses how Nel ASA, a Norwegian company specializing in electrolyzer technology, is spearheading the green hydrogen economy by focusing on cost efficiency. By introducing next-generation pressurized alkaline and PEM electrolyzers, Nel ASA has managed to reduce capital expenditures (CapEx) by 40-70%, making green hydrogen more economically competitive in the market. The company's innovative technologies, such as the pressurized alkaline electrolyzer that eliminates the need for external compression equipment, and the next-gen PEM stack developed in collaboration with General Motors, are revolutionizing the industry by improving energy efficiency and reducing costs significantly. Nel ASA's strategic initiatives, including partnerships with key players like Samsung E&A and Saipem, leveraging tax credits like the U.S. 45V credit, and focusing on a robust project pipeline, demonstrate their commitment to long-term growth and success in the green hydrogen sector. Despite facing challenges like revenue drops and order backlog reductions in the short term, Nel ASA's solid financial foundation, combined with their upcoming final investment decisions (FIDs) and gigawatt-scale production line plans, indicate a positive outlook for the company. The article emphasizes Nel ASA's potential for investors, highlighting their LCOH target of $3-4/kg, dual-technology strategy covering both small and large-scale applications, and their competitive edge in CapEx reduction. While risks such as supply chain issues and competition exist, Nel ASA's strong market position, technological prowess, and strategic partnerships set them apart in the green hydrogen market. The recommendation is to consider investing in Nel ASA for a 3-5 year horizon, with anticipated catalysts in 2026-2027, as the company stands at the forefront of the green hydrogen revolution.