Nel ASA

Regulatory Filings • Nov 28, 2018

Nel ASA: Awarded NOK 24 million grant for deployment of four fueling stations

Nel ASA: Awarded NOK 24 million grant for deployment of four fueling stations

(Oslo, November 28, 2018) Uno-X Hydrogen AS, a Nel ASA (Nel) joint venture, has

today been awarded a grant of NOK 24 million from the Norwegian public

enterprise Enova SF, for expanding the Norwegian hydrogen network with four

hydrogen fueling stations.

"We are very happy to announce that Uno-X Hydrogen has been awarded NOK 24

million from Enova for establishing four additional hydrogen fueling stations in

Norway. This will help to ensure an initial network of fueling stations in the

south of Norway. The support is also a positive signal from the government

recognizing hydrogen as an important zero-emission fuel for the Norwegian

transport sector," says Jon André Løkke, CEO of Nel.

Enova SF is a Norwegian public enterprise responsible for the promotion of

environmentally friendly production and consumption of energy. In 2017, Enova

issued a support program to support establishment of hydrogen infrastructure, as

well as support for fleet users to purchase hydrogen vehicles and stations.

"Uno-X Hydrogen is grateful for Enova's support, and hope hydrogen

infrastructure will be high on Enova's agenda in the years to come. After a

final internal and external process, we look forward to establish another four

hydrogen stations in Norway. Uno-X Hydrogen is a strong believer in hydrogen and

fuel cell electric vehicles as the most user-friendly zero-emission solution in

Norway. Our goal is to provide the necessary infrastructure - securing our

customers several zero emission-alternatives to choose from, and to meet the

demand for hydrogen fuel in a convenient way at the lowest possible cost for the

consumer", says Roger Hertzenberg, CEO of Uno-X Hydrogen.

ENDS

For additional information, please contact:

Jon André Løkke, CEO, +47 907 44 949

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

Roger Hertzenberg, CEO of Uno-X Hydrogen AS, +47 924 06 850

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

origins 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.

About Uno-X Hydrogen | http://www.unox.no/hydrogen

Uno-X Hydrogen AS is a joint venture, owned by Uno-X, Nel and Praxair with 41%,

39% and 20%, respectively. The joint venture will build a network of hydrogen

refueling stations, where fuel cell electric vehicles (FCEVs) can operate

between all the major cities in Norway. The stations will be deployed in cities

like Oslo, Bergen, Trondheim, Stavanger, Kristiansand, along with corresponding

corridor locations. The target is that FCEVs can drive between the most

populated cities in Norway within 202