Nel ASA

Regulatory Filings • Jul 8, 2022

Nel ASA: Receives purchase order for an alkaline electrolyser system from Skovgaard Energy

Nel ASA: Receives purchase order for an alkaline electrolyser system from Skovgaard Energy

(Oslo, 8 July 2022) Nel Hydrogen Electrolyser AS, a subsidiary of Nel ASA (Nel,

OSE:NEL), has received a purchase order for an alkaline electrolyser system from

Skovgaard Energy Aps in Lemvig in Western Jutland, Denmark. The electrolyser

system will be used for production of green ammonia.

The green ammonia plant, to be built by Skovgaard Energy and their Danish

project partners, Topsoe and Vestas, will be the world's first dynamic green

ammonia plant, where renewable electricity from wind and solar will be connected

directly to the electrolyser. This is a demo plant that will test how an ammonia

reactor can fluctuate operations based on renewable power input. This will be

important learning prior to scaling for future large-scale power-to-X and green

ammonia plants. The Danish partnership has been awarded financial support for

the project by the Danish Energy Technology Development and Demonstration

Program (EUDP).

"We are thrilled for this project, which will be an important milestone in the

green transition as it showcases green hydrogen production into green ammonia

directly from renewable sources. Skovgaard Energy is an exciting client, and we

look forward to continue a fruitful relationship with the company and partners",

says Henning Langås, Senior Tender Manager of Nel Hydrogen Electrolyser.

"For this project we selected the alkaline electrolyser technology from Nel as

we do not want to risk the project with unfamiliar electrolyser technology.

Nel's alkaline electrolyser is proven technology of high quality, and it will

also match well with the intentions of the demonstration project of dynamic

operation of the ammonia plant", says Pat A Han, Technical Director of Skovgaard

Energy.

The contract has an approximate value of 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.