Nel ASA

Regulatory Filings • Apr 18, 2016

NEL ASA: Launches next generation hydrogen refuelling station

NEL ASA: Launches next generation hydrogen refuelling station

(Oslo, 18 April 2016) H2 Logic A/S (H2 Logic), a subsidiary of NEL ASA (NEL),

announced today the launch of H2Station® CAR-200, a hydrogen refuelling station

that triples the fuelling capacity, while reducing the footprint to one third of

the current generation.

"The new H2Station CAR-200 product is a result of more than three years of

ongoing development of new and patented technologies. The new refuelling station

has three times the capacity of earlier generation products and is significantly

smaller with only one third of the footprint," says Jacob Krogsgaard, Head of H2

Logic.

The CAR-200 builds on the operational legacy of the former CAR-100, which is

used in multiple countries across Europe and has a documented high performance

with close to 99 percent availability. The station is designed for lean volume

manufacturing at the world's largest factory for hydrogen refuelling stations

(see OSE-filing 4 April 2016). When ramp-up and plant optimization is complete,

the facility will have a name-plate production capacity of up to 300 refuelling

stations per year, sufficient for refuelling 200 000 new Fuel Cell Electric

Vehicles annually.

"The new CAR-200 dispenser can be located up to 50 meters away, which enables

flexible integration of hydrogen alongside other fuelling products, even at very

compact sites. The new refuelling station can be supplied by centralized

hydrogen production delivered by truck, as well as onsite production of

hydrogen, enabling NEL to deliver a complete solution to the customer," says

Krogsgaard.

Delivery of CAR-200 to the first customers will commence during the second half

of 2016.

The full press release will be made available at www.h2logic.com

For additional information, please contact:

Jon André Løkke, CEO of NEL, +47 90 74 49 49

Jacob Krogsgaard, Head of H2 Logic, +45 2871 8945

About H2 Logic A/S

H2 Logic A/S is a leading manufacturer of H2Station® hydrogen refuelling

stations that provides fuel cell electric vehicles with the same fast fuelling

and long range as conventional vehicles today. Since incorporation in 2003 H2

Logic has invested significantly in R&D that has brought H2Station to a level

where products are offered for the early market for roll-out of larger networks

of hydrogen refuelling stations. H2 Logic is part of NEL ASA listed on the Oslo

Stock Exchange. www.h2logic.com.

About NEL

NEL ASA is the first dedicated hydrogen company on the Oslo Stock Exchange.

Since its foundation in 1927, NEL Hydrogen has a proud history of development

and continual improvement of hydrogen plants. NEL is global a supplier of

hydrogen solutions, covering the entire value chain from hydrogen production

technologies to hydrogen refuelling stations for fuel cell electric vehicles. H2

Logic A/S is a leading manufacturer of H2Station® hydrogen refuelling stations

that provides fuel cell electric vehicles with the same fast fuelling and long

range as conventional vehicles today. www.nel-asa.com