Nel ASA

Regulatory Filings • Sep 30, 2021

Nel ASA: Receives purchase order from MaserFrakt AB for H2StationT hydrogen fueling station in Sweden

Nel ASA: Receives purchase order from MaserFrakt AB for H2StationT hydrogen fueling station in Sweden

(Oslo, September 30, 2021) Nel Hydrogen Fueling, a subsidiary of Nel ASA (Nel,

OSE: NEL) has received a purchase order from MaserFrakt AB for one H2StationT

hydrogen fueling station to be used for a fleet of heavy-duty fuel cell electric

vehicles in Borlänge, Sweden.

"We are very happy to be chosen by MaserFrakt to be the supplier of their first

hydrogen fueling station. MaserFrakt, one of Sweden's largest companies in the

haulier and construction business, has taken an important decision by

introducing hydrogen for mobility, supporting their aim of becoming climate

neutral by 2035. We look forward to supporting MaserFrakt AB with the continued

transition towards zero emission transport in Sweden " says Christian Vinther,

Key Account Manager at Nel Hydrogen Fueling.

"We are pleased to announce the signature of a promising contract with our

partner NEL, which will allow us to move forward on our way towards climate

neutral transportation. We are looking forward to using this equipment to power

fuel cell heavy trucks that will be part of our fleet.  Together with the

recently announced agreement of hydrogen supply, this fits very well with our

sustainability road map" Per Bondemark, CEO at MaserFrakt.

The robust and state-of-the-art hydrogen station allows to refuel hydrogen

vehicles in less than fifteen minutes in a safe, fast, and reliable way. The

H2StationT is scheduled to be operational by Q4 of 2022. The parties have agreed

not to disclose the value of the purchase order. The hydrogen fueling station

(H2StationT) will?serve heavy-duty?vehicles?in Borlänge, Sweden.

ENDS

For further 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.

About MaserFrakt AB | https://www.maserfrakt.se

MaserFrakt is a major player in the Swedish transport and logistics industry.

The company is owned by +300 haulier companies and have an annual turnover of

+200 MEUR. MaserFrakt provides all kinds of transportation services, logistics

services and contracting services to the Swedish industry sector, the food

retail sector, e-commerce and municipalities. The fleet of more than 1500

vehicles is already fossil free to an extent of more than 50%. MaserFrakt with

its sustainability roadmap, which includes liquified biogas, battery electric

vehicles and fuel cell electric vehicles, is aiming for the company to have a

climate neutral fleet no later than 2035.