Nel ASA

Regulatory Filings • Sep 25, 2017

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® unitsfrom 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.