Nel ASA

Regulatory Filings • Sep 13, 2022

Nel ASA: Receives purchase order for a containerized electrolyser for sustainable aviation fuel production

Nel ASA: Receives purchase order for a containerized electrolyser for sustainable aviation fuel production

(Oslo, 13 September 2022) Nel Hydrogen US, a subsidiary of Nel ASA (Nel,

OSE:NEL), has received a contract for a containerized PEM electrolyser from

LanzaJet, a leading developer of biofuel technology in the United States.

Nel Hydrogen US has received a contract for a containerized PEM electrolyser to

be installed at the world's first commercial "Alcohol-to-Jet" production plant

for sustainable aviation fuel (SAF), built by LanzaJet, an innovative leader in

biofuel technology. Production capacity, when complete, will be 10 million

gallons of SAF and renewable diesel per year from sustainable ethanol, with 90%

SAF and 10% renewable diesel.

"Nel Hydrogen is thrilled to be part of this groundbreaking project with

LanzaJet. Electrolysers can produce cost effective hydrogen for green chemical

processes, which we expect to accelerate in light of recent production tax

credit legislation for low carbon hydrogen", said Dave Wolff, Regional Sales

Manager for Nel Hydrogen US.

"On-site green hydrogen production is an important component of our strategy to

produce low carbon sustainable aviation fuel at our facility in Georgia," said

Jimmy Samartzis, LanzaJet CEO. "Working with Nel Hydrogen will enable LanzaJet

to further reduce emissions in the aviation sector."

The purchase order has a value of approximately USD 3 million, and the equipment

is expected to be delivered in Q3-2023.

ENDS

For additional information, please contact:

Kjell Christian Bjørnsen, CFO, +47 917 02?097

Wilhelm Flinder, Head of Investor Relations, +47 936 11 350

About Nel ASA | www.nelhydrogen.com

Nel is a global, dedicated hydrogen company, delivering optimal solutions to

produce, store and distribute hydrogen from renewable energy. We serve

industries, energy and gas companies with leading hydrogen technology. Since its

origins in 1927, Nel has a proud history of development and continual

improvement of hydrogen plants. Our hydrogen solutions cover the entire value

chain from hydrogen production technologies to manufacturing of hydrogen fueling

stations, providing all fuel cell electric vehicles with the same fast fueling

and long range as conventional vehicles today.

This information is subject to a duty of disclosure pursuant to Section 5-12 of

the Norwegian Securities Trading Act. This information was issued as inside

information pursuant to the EU Market Abuse Regulation, and was published by

Wilhelm Finder, Head of Investor Relations, at NEL ASA on the date and time

provided.