Nel ASA

Regulatory Filings • Oct 5, 2016

Nel ASA: Awarded NOK 19.8 million grant for deployment of hydrogen product and two fueling stations in Bergen

Nel ASA: Awarded NOK 19.8 million grant for deployment of hydrogen product and two fueling stations in Bergen

(Oslo, 5th of October 2016) Uno-X Hydrogen AS, a Nel ASA (Nel) joint venture,

announced today it has been awarded a grant of NOK 19.8 million from the

Norwegian public enterprise Enova SF, for an expansion of the Norwegian hydrogen

network with one hydrogen production facility and two hydrogen fueling stations

in Bergen.

"Nel is proud to announce that Uno-X Hydrogen has been awarded NOK 19.8 million

from Enova for establishing two hydrogen fueling stations and one electrolyser

in Bergen, Norway. This will enable important public and private fleet users to

include hydrogen as a zero-emission fuel for their vehicle fleet. 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 a positive signal from

the government in recognising hydrogen as a 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 in Bergen, 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 by 2020 - to secure that our customers have 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. The awarded funds

will be allocated towards establishing two centrally located hydrogen fueling

stations at Danmarksplass and Åsane, two of the busiest areas in the Bergen

region, as well as an electrolyser for the production of renewable hydrogen for

the two stations.

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

this project, we are working together with important fleet users such as

Hordaland Regional Government, Bergen County, as well as Bergen Taxi, and

together with other interested parties, a fleet of more than twenty hydrogen

vehicles have already been ordered. We look forward to continuing the work

through Uno-X Hydrogen to enable a fully zero-emission transportation sector

with our hydrogen fueling network across Norway," says Løkke.

ENDS

For additional information, please contact:

Jon André Løkke, CEO, +47 90 74 49 49

Bjørn Simonsen, Vice President Market Development & Public Relations, + 47 97 17

98 21

Roger Hertzenberg, CEO Uno-X Hydrogen, +47 92 40 68 50

About Nel

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. www.nel-hydrogen.com.

About Uno-X 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.