Nel ASA

Regulatory Filings • Jul 6, 2018

Nel ASA: Awarded funding for expansion of the Danish hydrogen refueling station network

Nel ASA: Awarded funding for expansion of the Danish hydrogen refueling station network

(Oslo, 6 July 2018) Nel ASA (OSE: NEL), has been granted just over NOK 7.5

million in funding through "Brintpuljen" for establishment of hydrogen refueling

stations in Sønderborg and Herning.

"Denmark holds a unique position with regards to hydrogen infrastructure.

Through the funding of "Brintpuljen" this position will be strengthened even

further. The new station in Sønderborg will help tie the knot between the German

and Danish network, whereas the station in Herning will be a showcase station,

located right next to the new Nel H2Station® factory, scheduled to open formally

in September. The station will be adapted enable testing of future H2Station®

technologies, and in addition to fueling cars it can potentially also fuel heavy

duty vehicles like trucks, buses and vans," says Jacob Krogsgaard, Senior Vice

President of Nel Hydrogen Solutions.

The station in Sønderborg will service an initial fleet of fuel cell electric

vehicles (FCEVs) owned by Sønderborg Forsyning, and the station in Herning will

service a fleet of vehicles for Herning Kommune as well as other vehicles

operated locally. In addition to the infrastructure funding, there is also

funding available for FCEVs, among those a taxi fleet. After completion of the

stations, Denmark will have 12 fueling stations in operation.

ENDS

Further information:

Jacob Krogsgaard, SVP Nel Hydrogen Solutions, +45 287 18 945

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