Nel ASA

Regulatory Filings • Jun 30, 2020

Nel ASA: Receives purchase order for multiple hydrogen fueling stations

Nel ASA: Receives purchase order for multiple hydrogen fueling stations

(Oslo, 30 June 2020) Nel Hydrogen Fueling, a division of Nel ASA (Nel, OSE:NEL)

has received a purchase order for multiple H2StationT units from a large

international company.

"We are honored that the company has chosen to go for our H2StationT fueling

solution, and we look forward to support their fueling station deployment", says

Ulrik Torp Svendsen, Key Account Manager, Nel Hydrogen Fueling.

The value of the purchase order is in excess of NOK 150 million, and the

H2StationT modules which will be used for fueling of passenger vehicles in an

existing market for Nel will be installed on multiple sites during 2021.

Additional information on the project will be provided in the second half of

ENDS

For further information, please contact:

Jon André Løkke, CEO, +47 907 44 949

Bjørn Simonsen, VP Investor Relations & Corporate Communication, +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. 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.