Nel ASA: Receives two purchase orders for H2StationT fueling systems from a European client

(Oslo, 27. April, 2022) Reference is made to the commercial update from Nel ASA
(Nel, OSE:NEL) on 23 March 2022. Nel Hydrogen Fueling, a subsidiary of Nel ASA
(Nel, OSE:NEL) has now received two firm purchase orders from a European client
for H2StationT modules.

"We are very pleased to receive these orders from the client for the H2Station
systems. The H2Station is our state-of-the-art generation which is developed for
fast refueling of heavy-duty vehicles, such as buses and trucks. We are grateful
for the trust the company has shown us and the fact that we continue to support
making hydrogen available as part of the electrification of the transport
sector", says Christian Vinther, Regional Sales Manager of Nel Hydrogen Fueling.

The purchase orders have a combined value of above EUR 3 million.

ENDS

For additional information, please contact:

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

Wilhelm Flinder, Head of Investor Relations, [phone]

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.

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