Nel ASA

Regulatory Filings • May 3, 2021

Nel ASA: Receives purchase order for 2 MW PEM electrolyser

Nel ASA: Receives purchase order for 2 MW PEM electrolyser

(Oslo, 3 May 2021) Nel Hydrogen Electrolyser, a division of Nel ASA (Nel,

OSE:NEL), received a purchase order for a 2 MW, fully containerized MC400

electrolyser from H2 Energy

"This is a new milestone achieved in the development of a commercial green

hydrogen infrastructure, clearly showing that hydrogen for heavy duty vehicles

is a reality today. We are proud that our compact PEM containerized solution has

been selected for this second site to supply the refueling stations network,"

says Raymond Schmid, VP Sales and Marketing EMEA, Nel Hydrogen Electrolyser.

The 2 MW PEM electrolyser is the second system to be delivered as part of the

green hydrogen infrastructure network that is currently supplying hydrogen to

the first 46 Hyundai trucks already operating in Switzerland and aiming to reach

a fleet of 1,600 by 2025. The system will be filling 350 barg trailers directly

at site to dispatch the hydrogen to the Hydrospider network in Switzerland.

H2 Energy is working together with various partners to establish a nation-wide

network of hydrogen stations and corresponding supply chain in Switzerland as

well as abroad. H2 Energy is focusing on producing only renewable energy-based

hydrogen to contribute to the decarbonization of various sectors.

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.