Nel ASA

Regulatory Filings • Jun 2, 2022

Nel ASA: Receives purchase order for an alkaline electrolyser system from Glencore Nikkelverk

Nel ASA: Receives purchase order for an alkaline electrolyser system from Glencore Nikkelverk

(Oslo, 2 June 2022) Nel Hydrogen Electrolyser AS, a subsidiary of Nel ASA (Nel,

OSE:NEL), has been awarded a contract for an alkaline electrolyser system to

Glencore Nikkelverk in Kristansand, Norway. The green hydrogen from the

electrolyser system will be used for production of hydrochloric acid.

Glencore Nikkelverk is already familiar with alkaline electrolyser technology as

they currently operate a similar electrolyser system at the site in

Kristiansand, also this delivered by Nel. "We are honored to be re-elected as

electrolyser supplier to Glencore Nikkelverk through their competitive tender

-process when they now shall expand their production of hydrochloric acid. Given

their high competence on electrolyser technology, with primary focus on safety

and reliability, we look forward to strengthening our relationship with Glencore

through the project execution and beyond", says Henning Langås, Senior Tender

Manager.

"Hydrogen is an important input factor in our processes and very high

reliability is required. Nikkelverk has produced Hydrogen for internal use for

more than 60 years. We are pleased to continue a long relationship with Nel and

their well proven and reliable alkaline electrolysers", says Nils G. Gjelsten.

Managing director, Glencore Nikkelverk AS

The purchase order has a value exceeding EUR 3 million, and delivery off the

equipment is expected to be mid-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.