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Nel ASA: Receives first H2Station™ order in Poland

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Nel Hydrogen Fueling, a subsidiary of Nel ASA, has secured a purchase order valued at approximately EUR 3.2 million from ZE PAK SA for H2Station™ hydrogen fueling stations. These stations will support both passenger vehicles and buses in Poland.

This marks Nel's entry into the Polish market, highlighting attractive opportunities in the region. Delivery of the fueling stations is expected in 2021.

Positive
  • Secured a purchase order worth EUR 3.2 million.
  • Expansion into the Polish market with H2Station™ fueling solutions.
  • Support for both passenger vehicles and buses.
Negative
  • None.

OSLO, Norway, Oct. 14, 2020 /PRNewswire/ -- Nel Hydrogen Fueling, a subsidiary of Nel ASA (Nel, OSE:NEL) has received a purchase order from ZE PAK SA (ZE PAK) for H2Station™ hydrogen fueling stations which will be used to fuel passenger vehicles and buses in Poland.

"We're excited to enter yet another country in Europe with our H2Station™ fueling solutions. We see attractive market opportunities in Poland, and are proud that ZE PAK, which is the leading energy company in Poland has chosen our fueling solutions," says Jens Egholt, Senior Director Global Sales of Nel Hydrogen Fueling.

The value of the purchase order is around EUR 3.2 million, and the stations are scheduled to be delivered in 2021.

For further information, please contact:

Jon André Løkke, CEO, +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.

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SOURCE NEL ASA

FAQ

What is the purchase order value received by Nel ASA from ZE PAK SA?

The purchase order received by Nel ASA is valued at approximately EUR 3.2 million.

When are the H2Station™ hydrogen fueling stations scheduled for delivery?

The H2Station™ hydrogen fueling stations are scheduled for delivery in 2021.

What market is Nel ASA entering with its H2Station™ solutions?

Nel ASA is entering the Polish market with its H2Station™ hydrogen fueling solutions.

Who is the leading energy company that purchased Nel's hydrogen fueling stations?

The leading energy company that purchased Nel's hydrogen fueling stations is ZE PAK SA.

NEL ASA UNSP/ADR

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