NEL - Fundamentale forhold (NEL)

[E24Bot]

Det er kanskje ikke rare nyheten som skal til for å gi et Nel-rally

Det er kanskje ikke rare nyheten som skal til for å gi et Nel-rally

[TekBot]

Nel ASA: Invitation to presentation of Q2 2021 results

(Oslo, 11 August 2021) Nel ASA will announce its second quarter 2021 report on
Thursday 19 August at 07:00 CET and will host a presentation at 08:00 CET.

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The presentation will be held at H7-2, Haakon VIIs gate, Oslo at 08:00 CET. The
presenter will be Jon André Løkke, CEO. The presentation will be followed by Q&A
based on submitted questions during the call.

Due to Covid-19 restrictions, physical participation at the presentation in Oslo
will be limited. Please contact ir@nelhydrogen.com to register your interest. A
confirmation of participation will be needed to access the event.

The presentation will be broadcasted live at www.nelhydrogen.com and can also be
streamed at https://channel.royalcast.com/landingpage/hegnarmedia/20210819_2/.

The report and presentation will be made available through www.newsweb.no and
www.nelhydrogen.com.

ENDS

For further information, please contact:

Ida Marie Fjellheim, Investor Relations, +4790509291

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.

Kilde

[TekBot]

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.
…

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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.

Kilde

[E24Bot]

Løkke står foran sin aller største styrkeprøve som Nel-sjef

Løkke står foran sin aller største styrkeprøve som Nel-sjef

[TekBot]

Nel ASA: Nel receives purchase order for a H2Station® fueling station solution for taxis in Aarhus

(Oslo, 17 August 2021) Nel ASA (Nel, OSE:NEL) Nel Hydrogen Fueling, a subsidiary
of Nel ASA (Nel, OSE:NEL) has received a purchase order from Everfuel A/S
(Everfuel, EFUEL) for the delivery of a H2Station®fueling station for a fleet of
…

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taxis in Aarhus, Denmark

“We are very happy to continue our collaboration with Everfuel and to take part
in building out further infrastructure for hydrogen in Denmark. There is a huge
potential in using hydrogen as fuel for fleets of both light- and heavy-duty
vehicles and we are excited to work with Everfuel to extract learning from the
installation of the station in Aarhus” says Jens Egholt Rasmussen, Senior
Director Global Sales, Nel Hydrogen Fueling.

The H2Station®will be installed in Aarhus during 2022 and will be used as a
prototype for a movable station solution to serve light duty vehicles and as a
demo for fueling of heavy-duty vehicles. The parties have agreed not to disclose
the value of the contract.

“We are excited to further expand the hydrogen infrastructure in Denmark based
on fueling technology from Nel. The station will be a prototype of a moveable
station, which is an important step to reduce installation time and costs to
make hydrogen commercially competitive. This prototype of the Everfuel moveable
station will take us in the right direction by reducing both installation time
and costs for civil works. The location in Denmark’s second largest city,
Aarhus, will support the city’s fuel cell taxi fleet, and we look forward taking
yet another step in decarbonizing transportation” says Jeppe Mikkelsen, the COO
of Everfuel.

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. 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.

Kilde

[flopp]

Analytiker varsler ytterligere halvering i Nel: – Vi sliter med å regne selskapet hjem
www.dn.no
Om to uker legger hydrogenselskapet Nel frem resultatene for årets andre kvartal. Før den tid kommer Sparebank1 Markets med en kraftig advarsel.

Hvor går veien videre, er de siste meldinger opp mot halvårsrapport en pynting nå ?..

fremdeles trolig et standhaftig tysk investor korps,
selskapet topper short lista mer enn 7,6 %,
12 aug, Hydrogenselskapet Nel får millionkontrakt i USA
17 aug, Nel har mottatt kjøpsordre på hydrogenfyllestasjon i Danmark
idag 18.08, Nel inngår utviklingspartnerskap med SFC Energy

[rayman]

Er alltid pynting dagen før eller samme dag som rapporten, slår aldri feil.

[TekBot]

Nel ASA: Second quarter 2021 financial results

(Oslo, 19 August 2021) Nel ASA (Nel) reported revenues of NOK 163.7 million in
the second quarter of 2021, up 10% from NOK 148.6 million in the same quarter of
2020 and an EBITDA of negative NOK 120.3 million (Q2 2020: -48.7) incl. one-offs
…

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and ramp-up cost. This includes costs relating to the ramp-up at the new Herøya
facility which is still not contributing to revenue. The order backlog ended at
NOK 1 078 million, up ~4% from same quarter last year. The cash balance ended at
NOK 3.07 billion. Nel reiterates the strong long-term outlook and growth
prospects for the sector.

“In the second quarter, we are very happy to see that the ramp-up of our Herøya
facility is going according to plan despite challenges related to the pandemic.
The new, fully automated, 500MW production line will be a game changer for Nel
and for the industry once it is producing and we will start the ramp-up in the
third quarter of this year; significantly reducing the costs of producing green
hydrogen. As expected, Nel’s second quarter results are impacted by the
strategic ramp-up, investments in people and technology and the continued
effects of the Covid-pandemic. We are still expecting that the order intake will
vary between quarters as order sizes increases and public funding mechanisms are
being implemented.” says Jon André Løkke, Chief Executive Officer of Nel.

Nel reported revenue and operating income in the second quarter 2021 of NOK
163.7 million (148.7), following a growth in both the Fueling and Electrolyser
segment compared to the same quarter in 2020. Nel is no longer reporting
adjusted EBITDA separately, however, the EBITDA includes one-offs and ramp-up
cost. In particular, results are impacted by costs relating to the ramp-up at
Herøya, before production and revenue contribution from the facility. The
reported operating loss was NOK -149.1 million (-70.2), while the pre-tax loss
ended at NOK -314.1 million (594.3) following a net negative fair value
adjustment related to the shareholding in Everfuel and Nikola. The backlog is up
slightly since second quarter last year, with an order intake of around NOK 150
million in the quarter. Net cash balance at the end of second quarter 2021 was
NOK 3.07 billion.

“Nel has a solid balance sheet and a strong financial position to execute on our
strategic plans, and we will continue to invest in technology and people in
order to maintain our leadership in what will be a rapidly growing market,”
Løkke comments.

Nel is expanding its electrolyser capacity at Herøya, Norway, which is a key
element to delivery on the cost target of USD 1.5/kg set out at the Capital
Markets Day in January. The expansion of the electrolysis production will
accommodate large-scale projects by constructing a fully automated manufacturing
facility. The construction process is on track, with more than 45,000 manhours
completed and with zero HSE incidents. Installations, verification of improved
technology and tests of installed equipment are completed to meet production
start and ramp-up in Q3 2021.

“We remain confident in the long-term potential of the green hydrogen industry
and reiterate the strong growth outlook. 2021 will be a monumental year for the
industry, and even if we should see the first 100MW+ project in the industry
this year, larger orders are taking longer to close as we are waiting for
important public financing mechanisms to come through. With the new production
facility at Herøya we remain confident that Nel is well suited to capitalise on
these opportunities with our proven track record, market leading position and
global delivery and execution muscle” Løkke concludes.

EBITDA and other alternative performance measures (APMs) are defined and
reconciled to the IFRS financial statements as a part of the APM section of the
second quarter 2021 report on page 24.

The second quarter 2021 report and presentation are enclosed and available
through www.newsweb.no (Ticker: NEL) and www.nelhydrogen.com. Nel will host a
presentation at 08.00 CET and the event can be streamed at
https://channel.royalcast.com/landingpage/hegnarmedia/20210819_2/. There are
available places to view the presentation in-person at H7-2, Haakon VIIs gate,
Oslo - those registered will be prioritized as participation is limited due to
Covid-19 restrictions (Contact ir@nelhydrogen.com to register).

The presenters will be Chief Executive Officer Jon André Løkke and Chief
Financial Officer Kjell Christian Bjørnsen, and the presentation will be held in
English.

ENDS

For further information, please contact:

Kjell Christian Bjørnsen, CFO, +47 917 02 097

Ida Marie Fjellheim, Investor Relations, +47 905 09 291

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 vehicle, without emissions.

Kilde

[E24Bot]

Hydrogenselskapet Nel tapte 312 millioner kroner i andre kvartal

Hydrogenselskapet Nel tapte 312 millioner kroner i andre kvartal

[E24Bot]

Oppkjøp er kanskje det eneste som kan få Nel-aksjen til å skyte fart

Oppkjøp er kanskje det eneste som kan få Nel-aksjen til å skyte fart

[TekBot]

Nel ASA: Employee share option program

(Oslo, 19 August 2021) Nel ASA has today resolved to grant options to all
employees of the company that fulfil the requirements for participation in the
employee share option plan. The grant of options is based on the authorization
…

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from Nel’s annual general meeting (AGM) of 15 April 2021 to issue new shares in
connection with Nel’s incentive plan for employees, and the same AGM’s adoption
of the statement of the board regarding long-term incentive plans

A total number of 7,768,464 share options were granted in a groupwide program
comprising all employees in Nel fulfilling certain criteria. Each option, when
exercised, will give the right to acquire one share in the Company. The options
are granted without consideration. Pursuant to the vesting schedule, 40% of the
options will vest two years after the day of grant, and 60% of the options will
vest three years after the day of grant. Vesting requires the option holder
still to be an employee in the Company. The strike price of the options shall be
NOK 15.125 based on the higher of the average price of the Nel ASA share the
last five trading days and the closing price of the Nel ASA share on the grant
date and including an 8% premium. The options that have not been exercised will
lapse 4 years after the date of grant. The gain per instrument is capped at NOK
10 maximum per share option.

Primary insiders in Nel ASA have received the following grants of options,
according to the terms described above:

· Kjell Christian Bjørnsen, CFO, has been granted 155,000 share options.
Following the grant, he holds 0 shares and 475,571 options.
· Anders Søreng, Chief Technology Officer, has been granted 155,000 share
options. Following the grant, he holds 331,899 shares and 773,000 options.
· Filip Smeets, SVP Nel Hydrogen Electrolyser, has been granted 155,000 share
options. Following the grant, he holds 0 shares and 475,571 options.
· Jørn Rosenlund, Chief Strategy Officer, has been granted 155,000 share
options. Following the grant, he holds 300,000 shares and 789,000 options.
· Hans Hide, SVP Projects, has been granted 160,000 share options. Following
the grant, he holds 0 shares and 776,000 options.
· Stein Ove Erdal, VP Legal and General Counsel, has been granted 160,000
share options. Following the grant, he holds 0 shares 810,000 options.
· Caroline Duyckaerts, Chief HR Officer, has been granted 155,000 share
options. Following the grant, she holds 0 shares 155,000 options.

·

ENDS

For further information, please contact:

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

Ida Marie Fjellheim, Investor Relations, +47 905 09 291

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.

Kilde

[flopp]

DNB Markets tar ned kursmålet til 10 kroner Nel-aksjen, fra tidligere 11 kroner, og gjentar med det salgsanbefalingen.

Norne Research reduserer kursmålet til 20 kroner, fra 30, hvor kjøpsanbefalingen gjentas.

SEB senker også Nel-kursmålet, de til 13 kroner, fra tidligere 15. Anbefalingen om å holde aksjen opprettholdes.

SpareBank 1 Markets gjentar sitt kursmål på 8,5 kroner pr Nel-aksje og anbefalingen om salg.

Pareto gjentar også sitt kursmål, her 8 kroner aksjen, og anbefaling om salg.

Alle dømmer den nedover, snitt fair price 11,9, og ned på 9,8 om vi tar bort tullet fra Norne.
Nel er tyngst shortet og holdes vel oppe av forvirrede norke/ tyske korps av småaksjonærer…

[TekBot]

Nel ASA: Exercise of employee share options and issue of shares

(Oslo, 20 August 2021) Nel ASA today has resolved, in accordance with the
authorization granted by the general meeting on 15 April 2021, to issue
3,301,000 new shares to fulfil the Company’s obligations in the groupwide share
…

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option program comprising all employees in Nel fulfilling certain criteria,
specified in the Company’s annual report (note 6), thereby increasing the
Company’s share capital by NOK 660,200. In total 148 employees in the
group exercised 3,301,000 options, where 3,276,000 options were exercised at the
strike price of NOK 7.8, and 25,000 options were exercised at the strike price
of NOK 3.24. The options were granted in 2018 and 2019.

As stated in the general terms and conditions of the share option plan, as well
as in the participants’ award agreement, the maximum gain is NOK 5.00 per share
option, reached at share price of NOK 12.8 and NOK 8.24. If the cap is reached,
a reduced number of shares will be transferred to the participants, and the
remainder of shares issued will be added to the company’s holding of treasury
shares. 7,172 shares out of the 3,301,000 shares issued, were added to the
Company’s holding of treasury shares. After the transfer, Nel holds 403,514
treasury shares in the Company.

1. Options exercised by primary insiders 20 August 2021:

· Anders Søreng, Chief Technology Officer, has exercised 123,200 options at
the

strike price of NOK 7.80

· Jørn Rosenlund, Chief Strategy Officer, has exercised 125,600 options at the
strike price of NOK 7.80
· Hans Hide, SVP Projects, has exercised 120,000 options at the strike price
of NOK 7.80
· Stein Ove Erdal, VP Legal and General Counsel, has exercised 120,000 options
at the strike price of NOK 7.80

2. Transfer of rights and sale of shares:

On 20 August 2021, the primary insiders mentioned below transferred their rights
to receive shares resulting from the exercise of options to a third party. The
final gain for the primary insiders is equal the cap of NOK 5.00 per share
option exercised.

· Anders Søreng
· Jørn Rosenlund
· Hans Hide
· Stein Ove Erdal

The obtained selling price for the sale of shares resulting from the option
exercise of was NOK 13.48.

In addition, Anders Søreng sold 131,899 shares at NOK 13.34 per share and Jørn
Rosenlund sold 50,000 shares at NOK 14.42 per share.

3. New holding:

· After exercising options, Anders Søreng holds 649,800 unexercised options
with strike prices ranging from 7.8 to 21.72 NOK. As of today, the primary
insider holds 200,000 shares in the Company.
· After exercising options, Jørn Rosenlund holds 663,400 unexercised options
with strike prices ranging from 7.8 to 21.72 NOK. As of today, the primary
insider holds 250,000 shares in the Company.
· After exercising options, Hans Hide holds 656,000 unexercised options with
strike prices ranging from 7.8 to 21.72 NOK. As of today, the primary insider
holds 20,000 shares in the Company*.
· After exercising options, Stein Ove Erdal holds 690,000 unexercised options
with strike prices ranging from 7.8 to 21.72 NOK. As of today, the primary
insider holds 0 shares in the Company.

ENDS

For further information, please contact:

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

Ida Marie Fjellheim, Investor Relations, +47 905 09 291

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.

• The primary insider has, due to an error, underreported his shareholding in
  Nel. He acquired 20,000 shares prior to joining Nel and has not changed his
  holding since.

Kilde

[TekBot]

Nel ASA: Share capital increase registered

(Oslo, 23 August 2021) Reference is made to the stock market announcement on 20
August 2021 regarding the issuance of shares in Nel ASA. The share capital
increase pertaining to the issuance of the 3 301 000 new shares has now been
…

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registered with the Norwegian Register of Business Enterprises. The Company’s
new registered share capital is 292 119 697.60, divided into 1 460 598 488
shares, each with a par value of NOK 0.20.

ENDS

For further information, please contact:

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

Ida Marie Fjellheim, Investor Relations, +47 905 09 291

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.

Kilde

[Ramsess]

The Mysterious Collapse Of Nikola Motors

[rayman]

Type det der.

[TekBot]

Nel ASA: Receives purchase order for 5MW alkaline electrolyser

(Oslo, 24 September 2021) Nel Hydrogen Electrolyser AS, a division of Nel ASA
(Nel, OSE: NEL), has received a purchase order for a 5MW alkaline water
electrolyser from SGN, for the world’s first 100% hydrogen-to-homes heating
…

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network on the east coast of Scotland.

“Nel is honored to be part of this new milestone achieved in the development of
a commercial green hydrogen infrastructure, clearly showing that hydrogen for
domestic use is becoming a reality today. We look forward to delivering a
reliable, safe, and efficient source of green hydrogen” says Raymond Schmid, VP
Sales and Marketing EMEA, Nel Hydrogen Electrolyser.

The 5MW Alkaline electrolyser is a fully redundant system and the contract
includes installation and commissioning as well as a service and maintenance
contract. The electrolyser will deliver up to 2,093kg/day of green hydrogen at
30barg to SGN’s H100 Fife project in Levenmouth, Scotland. This project is the
first ever 100% hydrogen network of scale supplying green hydrogen from
electrolysis to customers for the purposes of heating and cooking. The system
will be powered by a nearby offshore wind turbine and grid electricity. The
newly built hydrogen gas distribution network will supply up to 300 households
initially with zero carbon heat, however both the electrolyser and network have
been sized to have the capacity to supply up to 900 homes as part of the planned
future expansion of the H100 Fife project.

The H100 Fife project is a groundbreaking demonstration in evidencing the role
that hydrogen can play in decarbonizing heat as alternative to natural gas. SGN
is one of the UK’s largest gas distribution network companies, operating across
Scotland, southern England and in Northern Ireland and is supplying gas to 5.9
million homes and business.

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. 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.

Kilde

[Scuba]

Interessant at folketrygdfondet øker med 1,9 M aksjer på siste listene også……

[TekBot]

Nel ASA: Receives purchase order from the Community of cities “Touraine Vallée de l’Indre (CCTVI)” for a hydrogen fueling station (H2StationT) to be located in the region of Tours in France

(Oslo, September 28, 2021) Nel Hydrogen Fueling, a subsidiary of Nel ASA (Nel,
OSE:NEL) has received a purchase order from the Community of cities “Touraine
Vallée de l’Indre” for one H2StationT hydrogen fueling station to be used for
…

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light and heavy duty fuel cell electric vehicles in region of Tours, France.

“We are delighted to announce that we have been chosen as supplier for a fueling
station (H2StationT) for the Touraine Vallée de l’Indre in France. Nel Hydrogen
is hereby passing an important landmark adding yet another country to its list
of references. We are looking forward to assisting the Community of cities
“Touraine Vallée de l’Indre” with the deployment of this very first hydrogen
fueling station in the region” says Jens Egholt Rasmussen, Senior Director
Global Sales at Nel Hydrogen Fueling.

The hydrogen fueling station (H2StationT) is partly funded by the European Fuel
Cells and Hydrogen 2 Joint Undertaking in the COSMHYC-DEMO project and is
scheduled to be operational by Q3 of 2022. For further information please visit
www.cosmhyc.eu. The contract has a total value of approximately EUR 1,0 million
and includes installation and commissioning.

"We are pleased to announce the signature of a promising contract with our
partner NEL, which will allow us to inaugurate in a few months the first large
capacity, dual pressure hydrogen filling station in the Centre Val de Loire
region, within the framework of the COSMHYC DEMO project. We are looking forward
to testing this equipment to power our hydrogen garbage truck acquired within
the framework of the Interreg NWE program - HECTOR " says Eric Loizon, President
of Touraine Vallée de l’Indre.

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 Community of cities “Touraine Vallée de l’Indre” |
http://www.tourainevalleedelindre.fr/

Located in the department of Indre-et-Loire in the Centre Val-de-Loire
region,the Community of cities Touraine Vallée de l’Indre brings together 22
municipalities and more than 51,000 inhabitants on a territory of 485 km². At
the heart of the ecological transition, the community is banking on hydrogen as
an energy vector to decarbonize heavy mobility. At the heart of its ISOPARC
logistics park and at the crossroads of major roads, Touraine Vallée de l’Indre
is laying the foundations for its hydrogen mobility.

COSMHYC DEMO has received funding from the Fuel Cells and Hydrogen 2 Joint
Undertaking under grant agreement No 101007173. The Joint Undertaking receives
support from the European Union’s Horizon 2020 research and innovation program
and Hydrogen Europe and Hydrogen Europe Research.

Kilde

[TekBot]

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
…

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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.

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