Nel ASA

Regulatory Filings • Jun 13, 2019

Nel ASA: Status update #3 regarding incident at Kjørbo

Nel ASA: Status update #3 regarding incident at Kjørbo

(Oslo, June 13, 2019) Nel ASA (Nel, OSE:NEL) announces preliminary findings from

safety consultancy Gexcon regarding the incident at the Kjørbo hydrogen station

on June 10, 2019.

"Based on what we have seen at the site, we can conclude that neither the

elctrolyzer nor the dispenser used by customers had anything to do with this

incident. We will continue to analyze the other components of the site to

further narrow down the source," says Geirmund Vislie, Vice President Consultant

of Gexcon AS.

In addition to the electrolyzer and the dispenser used by customers, the Kjørbo

site comprises of a stationary low-pressure storage unit, a low-pressure

transport unit, a stationary high-pressure storage unit, various valve panels,

and a hydrogen refueling station unit.

The Kjørbo site also includes a containerized, pressurized alkaline electrolyzer

that produces hydrogen in part from solar power. This is delivered by the Nel

Hydrogen Electrolyser division.

"We are pleased with the preliminary findings, and our electrolyzer division

will now return to business as usual," says Jon André Løkke,

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 Investor Relations and Corporate Communication,

Bjorn.Simonsen@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.