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2016-12-15

NEL ASA: Nel ASA: Awarded contract to build hydrogen fueling station in Bergen

(Oslo, 15 December 2016) Nel Hydrogen Solutions, a division of Nel ASA
(OSE: NEL), has been awarded a contract by Uno-X Hydrogen AS (Uno-X
Hydrogen) to build the first H2Station® in Bergen, Norway.

"Uno-X Hydrogen is developing a world-class hydrogen network in Norway
and we are exited to initiate the roll-out in Bergen and the
Norwegian West Coast. This brings us one step closer to enabling
hydrogen transportation between all the major cities in Norway. In
addition, there is a strong regional demand for hydrogen solutions in
Bergen, where hydrogen cars have already been deployed and are simply
waiting at the harbor for fueling stations to be finalized," says
Jacob Krogsgaard, Senior Vice President of Nel Hydrogen Solutions.

The new H2Station® will be the first of two new hydrogen fueling
stations in Bergen. The contract has a value of approximately EUR one
million, and will be deliverd during the second quarter of 2017. The
contract award brings Nel's 2016 year-to-date order intake to
approximately NOK 135 million.

ENDS

Further information:

Jon André Løkke, CEO, Nel, Tel.: +47 907 44 949

Bjørn Simonsen, VP Market Development and Public Relations, Nel, Tel.:
+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. Since its foundation 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 Uno-X Hydrogen

Uno-X Hydrogen AS is a joint venture, owned by Uno-X, Nel and Praxair
with 41 %, 39 % and 20 %, respectively. The joint venture will build
a network of hydrogen refueling stations, where fuel cell electric
vehicles (FCEVs) can operate between all the major cities in Norway.
The stations will be deployed in cities like Oslo, Bergen, Trondheim,
Stavanger, Kristiansand, along with corresponding corridor locations.
The target is that FCEVs can drive between the most populated cities
in Norway within 2020.

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http://news.cision.com/nel-asa/r/nel-asa--awarded-contract-to-build-hydr...
http://mb.cision.com/Main/115/2150581/604143.pdf

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