Nel ASA

Regulatory Filings • Sep 28, 2016

Nel ASA: Awarded contract in Latvia for delivery of new dual hydrogen fueling solution for cars and buses

Nel ASA: Awarded contract in Latvia for delivery of new dual hydrogen fueling solution for cars and buses

(Oslo, 28 September 2016) Nel Hydrogen Solutions, a division of Nel ASA (OSE:

NEL), has been awarded a contract by SIA Hydrogenis, a leading hydrogen project

developer in Latvia, for the delivery of the new dual capability H2Station®,

which offers a combined hydrogen fueling solution for cars and buses in Riga.

"We are very pleased to have been awarded a contract to offer the H2Station® in

Riga. Latvia represents an exciting market for Nel, and this is also the first

customer where we provide a combined fueling solution for both cars and buses.

This new dual vehicle fueling capability is an additional feature for our

H2Station® product, maximizing the infrastructure utilization, volume throughput

and return on investment, in one attractive solution," says Jacob Krogsgaard,

Senior Vice President of Nel Hydrogen Solutions.

The H2Station® bus fueling capability is offered as an add-on feature to fueling

solutions for cars, or as a separate solution dedicated for fleets of buses,

enabling simultaneous dual-pressure refueling at 700bar for cars and 350bar for

buses.

Following the SIA Hydrogenis contract, Nel will deliver a turn-key hydrogen

station solution, including storage facilities and dispensers for cars and

buses.

The H2Station® contract has a total value or EUR 1.5 million and is planned for

delivery in middle of 2017.

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

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.nelhydrogen.com.