(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.

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.