Nel ASA

Regulatory Filings • Dec 18, 2017

Nel ASA: Awarded NOK 20 million grant for deployment of two fueling stations in Akershus

Nel ASA: Awarded NOK 20 million grant for deployment of two fueling stations in Akershus

(Oslo, December 18, 2017) Uno-X Hydrogen AS, a Nel ASA (Nel) joint venture, has

today been awarded a grant of NOK 20 million from the Norwegian public

enterprise Enova SF, for expanding the Norwegian hydrogen network with two

hydrogen fueling stations in Akershus.

"Nel is proud to announce that Uno-X Hydrogen has been awarded NOK 20 million

from Enova for establishing two additional hydrogen fueling stations in

Akershus, Norway. This will ensure a solid, initial network of fueling stations

in Akershus county. Furthermore, it marks an important next step in establishing

a network of hydrogen fueling stations that will enable wide-spread use of

hydrogen vehicles in and between the major cities in Norway by 2020. The support

is also another positive signal from the government recognising hydrogen as an

important zero-emission fuel for the Norwegian transport sector," says Jon André

Løkke, CEO of Nel.

"Uno-X Hydrogen is grateful for Enova's support, and hope hydrogen

infrastructure will be high on Enova's agenda in the years to come. Uno-X

Hydrogen is a strong believer in hydrogen and fuel cell electric vehicles as the

most user-friendly zero-emission solution in Norway. Our goal is to provide the

necessary infrastructure - securing our customers several zero emission

-alternatives to choose from, and to meet the demand for hydrogen fuel in a

convenient way at the lowest possible cost for the consumer", says Roger

Hertzenberg, CEO of Uno-X Hydrogen.

Enova SF is a Norwegian public enterprise responsible for the promotion of

environmentally friendly production and consumption of energy. In 2017, Enova

issued a support program to support establishment of hydrogen infrastructure, as

well as support for fleet users to purchase hydrogen vehicles and stations.

"The market for hydrogen fueling solutions is in an exciting growth phase

globally, and it's great to see that the Norwegian government through Enova is

recognizing this. Akershus has been the leading region in Norway on hydrogen

mobility, and we are happy to support its continued development by establishing

two additional hydrogen stations in the region," says Løkke.

ENDS

For additional information, please contact:

Jon André Løkke, CEO, +47 907 44 949

Bjørn Simonsen, VP Market Development & Public Relations, +47 971 79 821

Roger Hertzenberg, CEO of Uno-X Hydrogen AS, +47 924 06 850

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 Uno-X Hydrogen | http://www.unox.no/hydrogen

Uno-X Hydrogen AS is a joint venture, owned by Uno-X, Nel and Praxair with 41%,

39% and 20%, respectively. The joint venture will build a network of hydrogen

refueling stations, where fuel cell electric vehicles (FCEVs) can operate

between all the major cities in Norway. The stations will be deployed in cities

like Oslo, Bergen, Trondheim, Stavanger, Kristiansand, along with corresponding

corridor locations. The target is that FCEVs can drive between the most

populated cities in Norway within 2020.