Nel ASA

Regulatory Filings • Dec 24, 2021

Nel ASA: Receives purchase order for alkaline electrolyser system

Nel ASA: Receives purchase order for alkaline electrolyser system

(Oslo, 24 December 2021) Nel Hydrogen Electrolyser AS, a division of Nel ASA

(Nel, OSE: NEL), has received a purchase order for an alkaline electrolyser

system from a new, European customer. The value of the contract is approximately

EUR 3 million.

"Nel has received a purchase order for an alkaline electrolyser system from an

undisclosed, new, European customer. The purchase order has a contract value of

approximately EUR 3 million and the equipment is expected to be delivered in

2022, with the first hydrogen production in 2023. The electrolyser will produce

hydrogen that will be mixed with natural gas for combustion in a rotary kiln"

says Raymond Schmid, VP Sales and Marketing EMEA.

For further information, please contact:

Jon André Løkke, CEO, +47 907 44 949

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

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.