Nel ASA

Nel ASA: Awarded purchase orders for six hydrogen fueling stations in South Korea

(Oslo, 2 May 2019) Nel Korea Co., Ltd., a subsidiary of Nel ASA in Korea has

received two purchase orders for totally six H2Station® hydrogen fueling

stations from Korea Gas Technology Corporation (KOGAS-Tech). Four stations will

be installed in Chungbuk province and two in Pyeongtaek city.

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

stations, contributing to the Korean hydrogen infrastructure deployment efforts.

It also shows the value of our local presence in Korea", says Simon Choi, Sales

Director and VP, Nel Korea.

The value of the purchase orders is around EUR 8 million, and the H2Station®

units are scheduled to be installed in Chungbuk province and Pyeongtaek city

during 2019.

ENDS

For further information, please contact:

Jon André Løkke, CEO, Nel ASA, +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. Since its

foundation 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.

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 stat

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