Nel ASA

Regulatory Filings • Jun 23, 2016

NEL ASA: Awarded hydrogen fueling station contract in Sweden

NEL ASA: Awarded hydrogen fueling station contract in Sweden

(Oslo, 23 June 2016) Nel Hydrogen Solutions (formerly branded as a part of H2

Logic) has entered into an agreement with the City of Mariestad for the sale and

construction of a H2Station®. The hydrogen fueling station will be located in

the strategic Gothenburg-Stockholm corridor, and will complete the last leg in

connecting the Scandinavian capitals.

"The City of Mariestad is actively pursuing a strategy of increasing use of

renewable energy and fostering a local industry within new technologies. The new

hydrogen fueling stations is an important step, as it enables use of hydrogen as

fuel for vehicles and creates a platform for new activities within renewable

hydrogen production and energy storage. In addition, the new station in

Mariestad will provide hydrogen fueling in the strategic transport corridor

between Gothenburg and Stockholm, enabling hydrogen vehicles to make the cross

-country drive between the two cities, for the first time", says Jacob

Krogsgaard, Division Manager of Nel Hydrogen Solutions.

The project includes a turn-key installation of a H2Station® including services

& maintenance and will be owned by the City of Mariestad. The agreement has a

contract value exeeding EUR 1 million and will be delivered in the forth quarter

of 2016.

The hydrogen fueling station in Mariestad is part of the EUR 100 million H2ME-2

project, co-funded with EUR 35 million from the Fuel Cells and Hydrogen Joint

Undertaking, a public private partnership supporting fuel cell and hydrogen

energy technologies in Europe.

"We started working with the H2ME-2 program during the second half of 2015. We

are happy to announce the first H2Station for Marienstad, and will continue to

work under the same program to deploy more stations in the Nordic region",

Krogsgaard concludes.

For additional information, please contact:

Jacob Krogsgaard, Division Manager of Nel Hydrogen Solutions, +45 2871 8945

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.