Nel ASA

Nel ASA: Awarded Australia's First Power-to-Gas (Solar-to- Hydrogen) project

(Oslo, 27 September 2018) Nel Hydrogen Electrolyser, a division of Nel ASA (Nel,

OSE:NEL), has received a purchase order for the first Power-to-Gas (P2G) project

in Australia from the ATCO Group that will use a Proton® PEM electrolyzer. This

contract is strategically important as it opens up a new P2G market and builds

on the P2G experience that Nel has gained in many other parts of the world.

ATCO is developing an industry leading Clean Energy Innovation Hub (CEIH) based

at the company's Jandakot Operations facility in Western Australia. The CEIH

incorporates the production, storage and use of hydrogen, as well as the

commercial application of clean energy in micro-grid systems. The CEIH will

produce green hydrogen from electrolysis solar energy and inject the hydrogen

into the micro-grid system at the Jandakot facility. Some of the experience

gained from this project include optimizing hydrogen storage solutions, blending

hydrogen with natural gas and using hydrogen as a direct fuel.

"We are very pleased being awarded this contract to deliver our latest PEM

electrolyzer technology for the first Power-to-Gas (P2G) project in Australia,

we believe that this can represent an important new market for this technology.

The project will show how hydrogen can play a key role in helping to decarbonize

our planet. This will further highlight the P2G readiness of our electrolyzer

technology gained from more than 3,500 systems sold, including more than 20 P2G

projects in different parts of the world" says Jon André Løkke, CEO of Nel.

ATCO's CEIH project is supported by the Australian Renewable Energy Agency

(ARENA). ARENA is working to accelerate Australia's shift to an affordable and

reliable renewable energy future, by funding projects and sharing knowledge that

drive innovation and commercialization of renewable energy technologies.

The project is expected to be fully operational during 2019, and the parties

have decided not to disclose the total value of the contract

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 | 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.

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