Nel ASA

Regulatory Filings • Oct 5, 2020

Nel ASA: Receives purchase order for an H2StationT from Everfuel

Nel ASA: Receives purchase order for an H2StationT from Everfuel

(Oslo, 5 October 2020) Nel Hydrogen Fueling, a subsidiary of Nel ASA (Nel,

OSE:NEL) has received a purchase order from Everfuel Europe A/S (Everfuel) for

an H2StationT hydrogen fueling station which will be used to fuel zero emission

hydrogen buses in the Netherlands.

"We are delighted to get our second purchase order for an H2StationT fueling

solution from Everfuel. The station is our latest generation which is developed

for fast refueling of heavy-duty vehicles, such as buses and trucks, and we're

proud to support Everfuel in succeeding with their ambitions of making green

hydrogen affordable and widely available across Europe", says Jens Egholt,

Senior Director Global Sales of Nel Hydrogen Fueling.

The value of the purchase order is around EUR 1.6 million, and the station is

scheduled to be operational by end of 2021.

ENDS

For further information, please contact:

Jon André Løkke, CEO, +47 907 44 949

Bjørn Simonsen, VP Investor Relations & Corporate Communication, +47 971 79 821

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.