Nel ASA

Regulatory Filings • Oct 2, 2018

Nel ASA: Participates in consortium for Alstom hydrogen train initiative in Germany

Nel ASA: Participates in consortium for Alstom hydrogen train initiative in Germany

(Oslo, 2 October 2018) Nel ASA (OSE: NEL) announced today the participation in

H2-Consortium Westküste in Germany, being selected as a preferred partner of

Alstom for the potential deployment of a 20MW electrolyzer and associated

fueling equipment, with sufficient capacity to refuel a complete fleet of

hydrogen trains.

"We are proud to announce that H2-Consortium Westküste has been selected as a

preferred partner for Alstom in the potential development of zero-emission

trains for green hydrogen in Schleswig-Holstein. Yesterday's test trial of the

Alstom Coradia iLint hydrogen train between Neumünster and Kiel showcases the

potential for green hydrogen within heavy duty transportation and Germany's

dedication to be in the forefront of the development, "says Jon André Løkke, CEO

of Nel.

The Alstom Coradia iLint hydrogen train conducted a demonstration drive between

Neumünster and Kiel with participation of Minister of Transport Dr. Bernd

Buchholz on 1st of October 2018. H2-Consortium Westküste, which in addition to

Nel consists of Entwicklungsagentur Region Heide, GP Joule, IPP Projects and

EDF, is the preferred partner of Alstom for the development of the megawatt

scale electrolysis and fueling equipment, which will have the capacity to refuel

a complete fleet of hydrogen trains in Schleswig-Holstein, as well as other

heavy duty vehicles in the region. The consortium is currently cooperating

closely with Alstom on a tender for zero-emission trains, which will be decided

at the beginning of 2019, and potential deployment from 2021.

Joint press release from H2-Consortium Westküste can be found here:

https://nelhydrogen.com/assets/uploads/2018/10/20181002_Press-Release_H2

-consortium.pdf

ENDS

For additional information, please contact:

Bjørn Simonsen, VP Market Development and Public Relations, Nel ASA, +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. 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.