Nel ASA

Environmental & Social Information • Oct 12, 2016

Nel ASA: Awarded contract with ASKO for hydrogen production and fueling solution in Trondheim

Nel ASA: Awarded contract with ASKO for hydrogen production and fueling solution in Trondheim

(Oslo, 12 October 2016) Nel Hydrogen Solutions, a division of Nel ASA (OSE:

NEL), has been awarded a contract by ASKO, Norway's largest grocery wholesaler,

for the delivery of a new solar-powered hydrogen production facility and fueling

station solution in Trondheim, enabling ASKO forklifts and delivery trucks to be

fueled with locally produced renewable hydrogen.

"We are very pleased to have been awarded a contract to deliver a combined C-150

containerized hydrogen production unit and H2Station to ASKO in Trondheim,

Norway. The solar-powered facility will enable ASKO to fuel their forklifts and

delivery trucks with locally produced hydrogen, and offers a zero-emission

solution for their trucks covering short and long distances. Working with ASKO,

one of Norway's largest transport companies with over 600 trucks on the road

every day, is an exciting step for Nel towards enabling climate neutral

transport solutions all across Norway," says Jacob Krogsgaard, Senior Vice

President of Nel Hydrogen Solutions.

The dedicated solar facility will produce energy for Nel's turn-key C-150

containerized electrolyser with the total production capacity of more than 300

kg of hydrogen per day. The H2Station® will be installed with three separate

dispensers, two dispensers at 350 bar dedicated for forklifts and trucks, and

one dispenser at 700 bar dedicated to cars. The installation will take place

during the second half of 2017 at ASKO's facility at Tiller in Trondheim.

"ASKO searched the market for producers who have built and commissioned larger

hydrogen production plants and fueling stations solutions with strong operating

results, and after an extensive tendering process involving both Norwegian and

international suppliers, the choice fell on Nel", says Jørn Arvid Endresen, CEO

of ASKO MIDT-NORGE.

The hydrogen production plant is expected to be operational in the autumn of

2017 together with the H2Station® and combined forklift fueling solution. The

delivery truck dispenser will be in place before the first hydrogen-fueled ASKO

trucks from Scania are expected to be deployed during the autumn of 2018.

"ASKO has an ambition to be climate-neutral through zero-emission

transportation, and is excited to start the roll-out of the necessary solutions

to achieve these goals. The fast hydrogen fueling will keep our forklifts

moving, and with this region's long delivery distances, we also see hydrogen as

the right choice for our delivery trucks", Endresen concludes.

The project has been partially funded by Enova, as part of ASKO's project to

invest in hydrogen production and hydrogen-fueled trucks. The parties have

agreed to not disclose the total contract value.

ENDS

Further information:

Jon André Løkke, CEO, Nel, Tel.: +47 907 44 949

Bjørn Simonsen, VP Market Development and Public Relations, Nel, Tel.: +47 971

79 821

Jørn Endresen, CEO, ASKO MIDT-NORGE, Tel.: +47 952 87 845

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.