Nel ASA

Regulatory Filings • Jun 10, 2020

Nel ASA: Receives purchase order for a 2.5 MW PEM electrolyser in Europe

Nel ASA: Receives purchase order for a 2.5 MW PEM electrolyser in Europe

(Oslo, 10 June 2020) Nel Hydrogen US, a subsidiary of Nel ASA (Nel, OSE:NEL),

has received a purchase order for a containerized 2.5 megawatt Proton PEM®

electrolyzer from a customer in Europe.

"We're proud that our customer decided to go for our Proton PEM® containerized

electrolyser solution to produce green hydrogen for mobility applications in

Europe, and look forward to support them in their ventures," says Raymond

Schmid, Market Development Director, Nel Hydrogen Electrolyser.

The value of the purchase order is in excess of USD 3 million, and the

electrolyser is scheduled to start producing green hydrogen in the spring of

2021. Additional details on the project will be provided at a later point in

time.

ENDS

For additional information, please contact:

Jon André Løkke, CEO, +47 907 44 949

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

About Nel | 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.