Nel ASA

Nel ASA: Receives purchase order from HTEC for one H2StationT hydrogen fueling module in Canada

(Oslo, April 1, 2022) Nel Hydrogen Fueling, a subsidiary of Nel ASA (Nel,

OSE:NEL) has received an additional order from Hydrogen Technology & Energy

Corporation (HTEC) for one H2StationT hydrogen fueling module which will be used

to fuel zero emission light- and heavy-duty vehicles in the Province of British

Columbia, Canada.

"We are delighted to be chosen by HTEC once again as supplier for its hydrogen

fueling solutions. HTEC is a market leader in clean hydrogen infrastructure

solutions in North America, with 17 hydrogen fueling stations in operation or

development in BC, Alberta, Quebec, and California. We are therefore extremely

pleased to be considered as a preferred supplier. We look forward to support

HTEC with the continued deployment of the hydrogen fueling coverage and

facilitating the transition towards zero emission transport in Canada," says

Eddy Nupoort, Director of Sales, and Business Development in North America for

Nel Hydrogen Inc.

The combined value of the purchase orders is approximately USD 1.5 million. The

hydrogen fueling station (H2StationT) will serve light- and heavy

-duty vehicles in the British Columbia region, Canada, and are scheduled to be

operational during 2023.

"This project will build on our existing collaboration between HTEC and Nel, by

expanding the HTEC network of hydrogen fueling stations in Canada. Adding an

additional three stations in British Columbia solidifies HTEC's position as the

leading provider of hydrogen fueling solutions in the country. We are pleased to

have signed these contracts with Nel. These robust and state-of-the-art hydrogen

stations allows us to refuel hydrogen vehicles in a safe, fast, and reliable

way. Nel has extensive experience within hydrogen fueling technologies, and we

are looking forward proceeding with our collaboration, as we build our hydrogen

refueling station network in support of the Canadian hydrogen efforts" says

Patric Ouellette, VP Infrastructure for HTEC.

ENDS

For further information, please contact:

Kjell Christian Bjørnsen, CFO, +47 917 02?097

Wilhelm Finder, Head of Investor Relations, +47 936 11 350

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. Our

roots date back to 1927, and since then, we have had a proud history of

development and continuous improvement of hydrogen technologies. Today, our

solutions cover the entire value chain: from hydrogen production technologies to

hydrogen fueling stations, enabling industries to transition to green hydrogen,

and providing fuel cell electric vehicles with the same fast fueling and long

range as fossil-fueled vehicles - without the emissions.

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