Nel ASA

Regulatory Filings • Sep 25, 2017

Nel ASA: Awarded USD 8.3 million Hydrogen Electrolyser Fueling Station Contract

Nel ASA: Awarded USD 8.3 million Hydrogen Electrolyser Fueling Station Contract

(Oslo, 25 September 2017) Proton Onsite (Proton) and Nel Hydrogen Solutions,

divisions of Nel ASA (Nel, OSE:NEL), have received a purchase order of USD 8.3

million on a combined hydrogen PEM electrolyser and H2Station® fueling solution

for SunLine Transit Agency (SunLine) in California. The combined solution will

have a hydrogen capacity of up to 900 kg per day, making it the world's largest

combined hydrogen production and fueling facility currently being contracted.

SunLine will use the solution for fueling of their growing fleet of Fuel Cell

Electric Buses operating in the Palm Springs area in California.

"We are very pleased to have been awarded this contract to deliver a turnkey

hydrogen production and fueling solution to SunLine that will provide zero

-emission public transportation for the Palm Springs area and contribute to

California's climate efforts. This delivery highlights the combined strengths of

Proton and Nel, using cutting-edge technology both within PEM electrolysis and

heavy duty fueling solutions for buses," says Jon André Løkke, Chief Executive

Officer of Nel.

The facility will be delivered turn-key, consisting of one Proton PEM M400

electrolyser, and two H2Station® units from Nel. The awarded contract has a

total value of just over USD 8.3 million, with expected delivery and

installation during 2018.

"The project is strategically important for Nel and Proton, as it shows our

joint capability in delivering unparalleled hydrogen production and fueling

solutions. The combined organization is well-positioned to be part of current

and future initiatives needed to achieve California's long-term renewable energy

goals," says Løkke.

The project is supported by the Californian Air Resources Board (CARB) under the

California Climate Investments (CCI) program.

ENDS

For additional information, please contact:

Jon André Løkke, CEO, +47 907 44 949

Bjørn Simonsen, VP Market Development and Public Relations, +47 971 79 821

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. 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.