Nel ASA

Regulatory Filings • Mar 28, 2022

Nel ASA: Receives purchase order for an alkaline electrolyser in Europe

Nel ASA: Receives purchase order for an alkaline electrolyser in Europe

(Oslo, 28 March 2022) Reference is made to the commercial update from Nel ASA

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

Nel ASA, has now received a firm order for an alkaline electrolyser system from

an undisclosed European customer to provide green hydrogen to the European

market.

Nel Hydrogen Electrolyser AS has received a contract for an alkaline

electrolysis hydrogen production unit to be delivered to an innovative project

that will distribute green hydrogen to multiple clients.

The purchase order has a value of approximately 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.

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.