Nel ASA

Regulatory Filings • Jun 8, 2020

Nel ASA: Receives purchase orders for three additional hydrogen fueling stations in Korea

Nel ASA: Receives purchase orders for three additional hydrogen fueling stations in Korea

(Oslo, 8 June 2020) Nel Korea Co., Ltd., a subsidiary of Nel ASA (Nel, OSE:NEL)

has received a purchase order from Hydrogen Energy Network Co., Ltd. (HyNet) for

three additional H2Station® hydrogen fueling stations in Korea.

"We are happy to receive the purchase orders for three additional hydrogen

fueling stations. It is another milestone after we went operational with our

first H2Station® in Chungbuk province last week", says Yong-Kyu Lee, Sales

Director for Nel Korea.

The value of the purchase order is around EUR 4 million. HyNet is a special

purpose company established to roll out 100 hydrogen fueling stations in Korea

by 2022, as part of the national ambition in Korea to have more than 300

stations operational by the same year.

ENDS

For further information, please contact:

Jon André Løkke, CEO, +47 907 44 949

Bjørn Simonsen, VP Investor Relations and 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.

About Nel Korea Co., Ltd.

Nel Korea is subsidiary of Nel ASA. Dedicated sales and service company for

H2Station® hydrogen fueling equipment and stations in Korea. Established in to

facilitate the sales, installation and operation of H2Station® in Korea.

H2Station® technology from Nel is renowned for reliable and high-performance

hydrogen fueling for FCEVs and compact station design.