Nel ASA

Regulatory Filings • Oct 25, 2021

Nel ASA: Receives contract for PEM electrolyzer equipment

Nel ASA: Receives contract for PEM electrolyzer equipment

(Oslo, 25 October 2021) Nel Hydrogen US, a subsidiary of Nel ASA (Nel, OSE:NEL),

has received a contract for PEM electrolyzer equipment from a leading global

fuel cell company.

Nel Hydrogen US has received a purchase order for PEM electrolyzer equipment

from an undisclosed, leading stationary fuel cell OEM. The purchase order has a

value of approximately USD 2.6 million, and the equipment will be delivered

between 2022 and 2024. Nel will also be providing design consulting services as

part of the project.

ENDS

For additional information, please contact:

Jon André Løkke, CEO, +47 907 44 949

Kjell Christian Bjørnsen, CFO, +47 917 02?097

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.