Nel ASA

Regulatory Filings • Sep 21, 2018

Nel ASA: Officially opens large-scale H2Station® production facility in Denmark

Nel ASA: Officially opens large-scale H2Station® production facility in Denmark

(Oslo, 21 September, 2018) Nel ASA announced today the official opening of its

new Nel H2Station® factory in Herning, Denmark. The state-of-the-art, large

-scale production facility has an annual capacity of 300 hydrogen stations per

year.

"The opening of our new H2Station® factory in Herning marks the beginning of a

new phase within the entire industry. With the opening of this large-scale

production facility, we not only ensure vehicle manufacturers that the necessary

large-scale infrastructure for continued roll-out of FCEVs is in place, but are

also able to begin more efficient manufacturing, which is necessary to achieve

sufficient scale benefits," says Jon André Løkke, CEO of Nel.

The facility has an annual name-plate production capacity of up to 300 units per

year of the Nel H2Station®, the most compact hydrogen station currently on the

market. With serial production according to lean principles, the large-scale

manufacturing plant represents significant improvements in existing production

efficiency. The factory also allows for both CE and UL-certified stations to be

manufactured on the same production line, providing assurance of product safety

and more cost-effective deployment of hydrogen fueling.

"With the opening of this facility, our customers will see that Nel not only can

support an immediate need for hydrogen fueling stations, but that we will remain

a reliable and attractive partner for the long-term," says Løkke.

To provide a unique insight into the new facility and production line set-up, a

time-lapse video has been released on the fueling section of the Nel webpage:

https://nelhydrogen.com/market/hydrogen-fueling/

ENDS

For additional information, please contact:

Jon André Løkke, CEO, Nel ASA +47 907 44 949

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.