Nel ASA

Business and Financial Review • Aug 17, 2021

Nel ASA: Nel receives purchase order for a H2Station® fueling station solution for taxis in Aarhus

Nel ASA: Nel receives purchase order for a H2Station® fueling station solution for taxis in Aarhus

(Oslo, 17 August 2021) Nel ASA (Nel, OSE:NEL) Nel Hydrogen Fueling, a subsidiary

of Nel ASA (Nel, OSE:NEL) has received a purchase order from Everfuel A/S

(Everfuel, EFUEL) for the delivery of a H2Station®fueling station for a fleet of

taxis in Aarhus, Denmark

"We are very happy to continue our collaboration with Everfuel and to take part

in building out further infrastructure for hydrogen in Denmark. There is a huge

potential in using hydrogen as fuel for fleets of both light- and heavy-duty

vehicles and we are excited to work with Everfuel to extract learning from the

installation of the station in Aarhus" says Jens Egholt Rasmussen, Senior

Director Global Sales, Nel Hydrogen Fueling.

The H2Station®will be installed in Aarhus during 2022 and will be used as a

prototype for a movable station solution to serve light duty vehicles and as a

demo for fueling of heavy-duty vehicles. The parties have agreed not to disclose

the value of the contract.

"We are excited to further expand the hydrogen infrastructure in Denmark based

on fueling technology from Nel. The station will be a prototype of a moveable

station, which is an important step to reduce installation time and costs to

make hydrogen commercially competitive. This prototype of the Everfuel moveable

station will take us in the right direction by reducing both installation time

and costs for civil works. The location in Denmark's second largest city,

Aarhus, will support the city's fuel cell taxi fleet, and we look forward taking

yet another step in decarbonizing transportation" says Jeppe Mikkelsen, the COO

of Everfuel.

ENDS

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.