Nel ASA

Nel ASA: Receives purchase order for U.K. Navy PEM electrolyser stacks

(Oslo, 31 March, 2020) Nel Hydrogen U.S., the U.S. subsidiary of Nel ASA (Nel,

OSE:NEL), has received a purchase order for PEM electrolyser cell stacks from

United Technologies´ Collins Aerospace Division, at a value of approximately USD

1.6 million. Nel's electrolyser stacks produce critical life support oxygen for

U.S. and U.K. Navy crews on multiple classes of nuclear-powered submarines and

will be delivered under an exclusive contract.

"We are very proud to work with our partner United Technologies and their

customer in the U.K. on this mission critical application for PEM electrolysis.

This new order demonstrates the continuing success of our world class

manufacturing and quality systems, as well as the robustness of our industry

leading PEM technology" says Steve Szymanski, Director of Business Development

at Nel Hydrogen U.S.

The purchase order is part of an ongoing production contract with Collins

Aerospace, and continues Nel's history of supplying PEM electrolyser stacks for

the production of life sustaining oxygen on board Navy submarines for over a

decade. Earlier in 2020, Nel received two additional purchase orders for the

U.S. Navy with a combined value of USD 1.5 million, bringing the total booked

orders for Collins Aerospace so far this year to approximately USD 3.1 million.

"The Navy acquisition community is now exclusively buying PEM electrolysers for

oxygen production on submarines, based on its long track record of reliability

and safety, and Nel is now the world's leading supplier of cell stacks for this

application," Szymanski concludes.

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.

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