Nel ASA

Legal Proceedings Report • Jun 17, 2019

Nel ASA: Status update #4 regarding incident at Kjørbo

Nel ASA: Status update #4 regarding incident at Kjørbo

(Oslo, June 17, 2019) Nel ASA (Nel, OSE:NEL) announces new findings from safety

consultancy Gexcon regarding the incident at the Kjørbo hydrogen station on June

10, 2019.

The preliminary Gexcon investigation shows that the incident started with a

hydrogen leakage from the high-pressure storage unit and that a 'cloud' of

hydrogen ignited. The investigations continue in order to identify the root

cause of the leak as well as the source of the ignition.

"Based on further investigations, we can say with certainty that the leak

started in the high-pressure storage unit, and we are now carrying out

investigations to understand the detailed mechanisms of the leakage as well as

what caused the ignition," says Geirmund Vislie, Vice President Consulting of

Gexcon.

Together with the authorities, Nel and Gexcon are conducting an off-site

examination of the high-pressure storage unit, which comprises of both tanks and

components from third-party suppliers and various components designed by Nel.

Various tests and analysis have been initiated and will continue until the

parties have a clear understanding of exactly where and how the leak started.

Further investigations and data simulations will also look into the source of

the ignition.

The low-pressure steel and composite storages were neither the source of the

leak, nor the source of the ignition. No tanks ruptured in the incident.

Please see attached illustration of the site, including the highlighted high

-pressure storage, which is now the main focus of the investigation.

"We can now conclude that Nel's core technologies were not the source of the

leakage. However, we are still searching for what ignited the hydrogen. We are

grateful for all the parties that are working hard day and night to uncover the

root cause of the incident, and are happy to see that good progress is being

made," says Jon André Løkke, CEO of Nel.

Nel has published a dedicated status update and Q&A site to address the incident

at the Kjørbo hydrogen station. The site can be accessed on www.nelhydrogen.com,

and will updated as new information becomes available.

- ENDS-

For additional information, please contact:

Bjørn Simonsen, VP IR & CC | bjorn.simonsen(at)nelhydrogen.com

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. Since its

origins in 1927, Nel has a proud history of development and continual

improvement of hydrogen plants. Our hydrogen solutions cover the entire value

chain from hydrogen production technologies to manufacturing of hydrogen fueling

stations, providing all fuel cell electric vehicles with the same fast fueling

and long range as conventional vehicles today.