Nel ASA

Share Issue/Capital Change • Nov 18, 2020

Nel ASA: Received purchase order for a 1.5 MW PEM electrolyser in the US

Nel ASA: Received purchase order for a 1.5 MW PEM electrolyser in the US

(Oslo, 18 November 2020) Nel Hydrogen U.S., the U.S. subsidiary of Nel ASA (Nel,

OSE:NEL), has received a purchase order for a 1.5 MW PEM electrolyser from a

large industrial client in the US.

"We're happy to see that our megawatt-scale PEM platform continues to be the

preferred choice for a number of large industrial players across the world,

where 24/7 operations and high reliability is of utmost importance, and look

forward to delivering it to a high profile project," says Tom Skoczylas,

Regional Sales Manager in Nel Hydrogen Electrolyser.

The purchase order has a value of approximately USD 2.7 million, and the

electrolyser will be installed in 2021.

ENDS

For further information, please contact:

Jon André Løkke, CEO, Nel ASA, +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.