Nel ASA

Regulatory Filings • Aug 11, 2021

Nel ASA: Receives contract for a 1.25 MW containerized PEM electrolyzer for DOE H2@Scale project in the US

Nel ASA: Receives contract for a 1.25 MW containerized PEM electrolyzer for DOE H2@Scale project in the US

(Oslo, 11 August 2021) Nel Hydrogen US, a subsidiary of Nel ASA (Nel, OSE:NEL),

has received a contract for a 1.25 megawatt (MW) containerized PEM electrolyzer

from a leading utility in the US.

Nel Hydrogen US has received a purchase order for a 1.25 MW PEM electrolyzer for

installation at a nuclear power plant in the US, a groundbreaking project for

carbon-free hydrogen production.  "This project represents an important first

step toward developing a regional supply of zero carbon hydrogen, while

supporting clean baseload electricity resources on the grid," says Stephen

Szymanski, Vice President Sales and Marketing at Nel Hydrogen US.

The client will be installing an MC250 electrolyzer at a nuclear power plant for

self-supply of hydrogen to meet their turbine cooling and chemistry control

requirements.  A primary project outcome includes the successful operation and

control of what will be the first PEM electrolyzer at a nuclear generating plant

in the US configured for dynamic dispatch.  In addition, the project will

demonstrate the economic feasibility of hydrogen production at nuclear sites and

provide a blueprint for large scale carbon-free hydrogen export in support of

DOE's H2@Scale program objectives.

The purchase order has a value of approximately USD 2.6 million, and the

electrolyzer will be delivered in 2022. The project is funded by the Department

of Energy's Hydrogen and Fuel Cell Technologies Office, through the H2@Scale

Program.

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.