Nel ASA

Regulatory Filings • Mar 21, 2022

Nel ASA: Receives purchase order for several H2Station modules in France

Nel ASA: Receives purchase order for several H2Station modules in France

(Oslo, 21 March 2022) Nel Hydrogen Fueling, a subsidiary of Nel ASA (Nel, OSE:

NEL) has received a purchase order from HysetCo for several H2Station[TM]

modules to be used for light-duty fuel cell electric vehicles in Paris, France.

"We are delighted to announce that we have been chosen as supplier for hydrogen

fueling station equipment by HysetCo and are looking forward to support

HysetCo's efforts in developing the hydrogen mobility infrastructure in France",

says Martin Pfandl, Sales and Business Development Director EMEA at Nel Hydrogen

Fueling.

HysetCo is a pioneer of the hydrogen mobility devoted to the development of

hydrogen refueling stations network, which owns the world's largest fleet of

hydrogen taxis, deployed in the Paris region.

The installation of the H2Station[TM] modules at the future HysetCo station of

Le Bourget is partly funded with the support of the public-private partnership

of FCH JU (Fuel Cells and Hydrogen Joint Undertaking) and is scheduled to be

operational in 2022.

The parties have agreed not to disclose the contract value.

ENDS

For further information, please contact:

Kjell Christian Bjørnsen, CFO, +47 917 02?097

Wilhelm Finder, Head of IR, +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.