Nel ASA

Regulatory Filings • Apr 27, 2022

Nel ASA: Receives two purchase orders for H2StationT fueling systems from a European client

Nel ASA: Receives two purchase orders for H2StationT fueling systems from a European client

(Oslo, 27. April, 2022) Reference is made to the commercial update from Nel ASA

(Nel, OSE:NEL) on 23 March 2022. Nel Hydrogen Fueling, a subsidiary of Nel ASA

(Nel, OSE:NEL) has now received two firm purchase orders from a European client

for H2StationT modules.

"We are very pleased to receive these orders from the client for the H2Station

systems. The H2Station is our state-of-the-art generation which is developed for

fast refueling of heavy-duty vehicles, such as buses and trucks. We are grateful

for the trust the company has shown us and the fact that we continue to support

making hydrogen available as part of the electrification of the transport

sector", says Christian Vinther, Regional Sales Manager of Nel Hydrogen Fueling.

The purchase orders have a combined value of above EUR 3 million.

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.