(Oslo, 1 April 2016) NEL ASA (NEL) through its subsidiaries, NEL Hydrogen AS and
H2 Logic A/S, has been awarded a contract of approximately NOK 25 million for
the delivery of a hydrogen refuelling station with integrated on-site hydrogen
production to Uno-X Hydrogen AS.
"We are proud to announce this landmark agreement with Uno-X Hydrogen, that
leverage NEL's combined competence and technology offering within hydrogen
production and refuelling stations. The project will take advantage of NEL's
unique technology solution, where excess solar power is converted directly into
low-cost hydrogen fuel at the hydrogen refuelling station and dispensed into
hydrogen cars," says Jon André Løkke, CEO of NEL.
Uno-X Hydrogen will build a network of hydrogen refuelling stations, where fuel
cell electric vehicles (FCEVs) can operate between all the major cities in
Norway within 2020. Following the contract, NEL through its subsidiaries will
deliver the hydrogen refuelling station with on-site hydrogen production in
2016.
"We see a lot of interest for such integrated hydrogen solutions, using
renewable energy for carbon-free transportation, and expect this market to grow
significantly in key areas like Japan, Germany and California," says Løkke.
For additional information, please contact:
Jon Andre Løkke, CEO, +47 90 74 49 49
Bjørn Simonsen, market development and public relations director, + 47 97 17 98
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About NEL
NEL ASA is the first dedicated hydrogen company on the Oslo Stock Exchange.
Since its foundation in 1927, NEL Hydrogen has a proud history of development
and continual improvement of hydrogen plants. NEL is global a supplier of
hydrogen solutions, covering the entire value chain from hydrogen production
technologies to hydrogen refuelling stations for fuel cell electric vehicles. H2
Logic A/S is a leading manufacturer of H2Station® hydrogen refuelling stations
that provides fuel cell electric vehicles with the same fast refuelling and long
range as conventional vehicles today. www.nel-asa.com
About Uno-X Hydrogen
Uno-X Hydrogen AS is a joint venture, owned by Uno-X and NEL with 51 % and 49 %
respectively. The joint venture will build a network of hydrogen refuelling
stations, where fuel cell electric vehicles (FCEVs) can operate between all the
major cities in Norway. The stations will be deployed in cities like Oslo,
Bergen, Trondheim, Stavanger, Kristiansand, along with corresponding corridor
locations. The target is that FCEVs can drive between the most populated cities
in Norway within 2020.