(October 7, 2025 - Oslo, Norway) Nel Hydrogen US, a subsidiary of Nel ASA (Nel,
OSE:NEL), has received a firm purchase order from H2 Energy for one MC500, a
containerized 2.5 MW PEM electrolyser. The system will be delivered to the
Association for Waste Disposal (Verein für Abfallentsorgung, VfA) in Buchs,
Switzerland. VfA Buchs has selected H2 Energy to deliver a turn-key hydrogen
production and refueling facility. The hydrogen produced will be integrated into
the Swiss green hydrogen ecosystem and contribute to further decarbonize
regional energy supply and mobility solutions.

The new plant will utilize locally generated electricity to produce hydrogen for
VfA's own fleet of waste collection trucks, for industrial use and for
distribution within the broader Swiss hydrogen ecosystem.

This purchase order marks the second MC500 system H2 Energy has ordered from
Nel, alongside a containerized MC400 and a smaller C30 PEM unit, a testament to
the quality and reliability of Nel's PEM technology, as well as the company's
long-standing experience in electrolyser manufacturing.

"H2 Energy has a long history of trusted cooperation with Nel dating back to
2016 where a C30 PEM electrolyser was used to fuel a first ecosystem based on
heavy duty mobility. Since then we have installed and operated an MC400 PEM
electrolyser for over 30,000 hours for our joint venture Hydrospider and have
racked up over 12,000 hours on an MC500 with our customer WPO. These two H2
plants form the backbone of the Swiss Green Hydrogen Ecosystem, fueling a
network of 18 refuelling stations and propelling a fleet of heavy-duty fuel cell
trucks over 14,000,000 kilometers" says Rolf Huber, founder and Chairman H2
Energy.

"This next project for VfA marks another major milestone for the Swiss Green
Hydrogen Ecosystem and we are looking forwards to continuing to work closely
with Nel to decarbonize the mobility and other industry sectors in Switzerland
and beyond," Huber says.

"We are very pleased to support H2 Energy and VfA Buchs in this project. H2
Energy has been an early mover in building out a commercial green hydrogen value
chain. This installation highlights the close relationship we have with the
client and demonstrates their ability to consistently deliver high-quality
projects into the field," says Todd Cartwright, Chief Commercial Officer at Nel.

ENDS

For additional information, please contact:
Kjell Christian Bjørnsen, CFO, +47 917 02?097
Wilhelm Flinder, Head of IR, Communications & Marketing +47 936 11 350

About Nel ASA | www.nelhydrogen.com
Nel has a history tracing back to 1927 and is today a leading pure play hydrogen
technology company with a global presence. The company specializes in
electrolyser technology for production of renewable hydrogen, and hydrogen
fueling equipment for road-going vehicles. Nel's product offerings are key
enablers for a green hydrogen economy, making it possible to decarbonize various
industries such as transportation, refining, steel, and ammonia.