Nel ASA

Capital/Financing Update • Sep 24, 2021

Nel ASA: Receives purchase order for 5MW alkaline electrolyser

Nel ASA: Receives purchase order for 5MW alkaline electrolyser

(Oslo, 24 September 2021) Nel Hydrogen Electrolyser AS, a division of Nel ASA

(Nel, OSE: NEL), has received a purchase order for a 5MW alkaline water

electrolyser from SGN, for the world's first 100% hydrogen-to-homes heating

network on the east coast of Scotland.

"Nel is honored to be part of this new milestone achieved in the development of

a commercial green hydrogen infrastructure, clearly showing that hydrogen for

domestic use is becoming a reality today. We look forward to delivering a

reliable, safe, and efficient source of green hydrogen" says Raymond Schmid, VP

Sales and Marketing EMEA, Nel Hydrogen Electrolyser.

The 5MW Alkaline electrolyser is a fully redundant system and the contract

includes installation and commissioning as well as a service and maintenance

contract. The electrolyser will deliver up to 2,093kg/day of green hydrogen at

30barg to SGN's H100 Fife project in Levenmouth, Scotland. This project is the

first ever 100% hydrogen network of scale supplying green hydrogen from

electrolysis to customers for the purposes of heating and cooking. The system

will be powered by a nearby offshore wind turbine and grid electricity. The

newly built hydrogen gas distribution network will supply up to 300 households

initially with zero carbon heat, however both the electrolyser and network have

been sized to have the capacity to supply up to 900 homes as part of the planned

future expansion of the H100 Fife project.

The H100 Fife project is a groundbreaking demonstration in evidencing the role

that hydrogen can play in decarbonizing heat as alternative to natural gas. SGN

is one of the UK's largest gas distribution network companies, operating across

Scotland, southern England and in Northern Ireland and is supplying gas to 5.9

million homes and business.

ENDS

For further information, please contact:

Jon André Løkke, CEO, +47 907 44 949

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

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.