Nel ASA

Regulatory Filings • Jul 12, 2022

Nel ASA: Receives purchase order for a containerized PEM water electrolyser in Australia

Nel ASA: Receives purchase order for a containerized PEM water electrolyser in Australia

(Oslo, 12 July 2022) Nel Hydrogen US, a subsidiary of Nel ASA (Nel, OSE:NEL),

has received a purchase order from Viva Energy Australia Pty. Ltd. (Viva Energy)

for a MC500 containerized PEM water electrolyser. When installed, the

electrolyser will be the biggest in Australia and provide green hydrogen to a

fleet of heavy fuel cell vehicles.

Viva Energy is an ASX listed company that owns the Geelong refinery and supplies

a service station network of around 1,350 Shell and Liberty service stations

across Australia. Viva Energy also supplies fuels and other products to a range

of commercial customers.

As part of its Geelong Energy Hub, Viva Energy is building a new energy service

station near its Geelong refinery that will provide battery charging and

hydrogen refueling. The system delivered by Nel is a containerized solution with

a production capacity up to 1,063kg/day, and will supply fuel cell grade

hydrogen directly on site to the dedicated fueling station. The project received

a grant from the Australian Renewable Energy Agency (ARENA) as part of ARENA's

Advancing Renewables Program and the Victorian Government also contributed to

the project via the Renewable Hydrogen Commercialization Pathways Fund.

"It is a great pleasure to collaborate with Viva Energy and our local partner

ENGV to develop this unique flagship project in Australia. This project is an

important milestone for Australia's targeted efforts to decarbonize the mobility

sector and create a local hydrogen economy", says Raymond Schmid, VP Sales and

Marketing EMEA and Oceania.

The contract has an approximate value of about EUR 4m, and the system 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. Our

roots date back to 1927, and since then, we have had a proud history of

development and continuous improvement of hydrogen technologies. Today, our

solutions cover the entire value chain: from hydrogen production technologies to

hydrogen fueling stations, enabling industries to transition to green hydrogen,

and providing fuel cell electric vehicles with the same fast fueling and long

range as fossil-fueled vehicles - without the emissions.

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.