Nel ASA: Awarded contract with ASKO for hydrogen production and fueling solution in Trondheim

(Oslo, 12 October 2016) Nel Hydrogen Solutions, a division of Nel ASA (OSE:
NEL), has been awarded a contract by ASKO, Norway's largest grocery wholesaler,
for the delivery of a new solar-powered hydrogen production facility and fueling
station solution in Trondheim, enabling ASKO forklifts and delivery trucks to be
fueled with locally produced renewable hydrogen.

"We are very pleased to have been awarded a contract to deliver a combined C-150
containerized hydrogen production unit and H2Station to ASKO in Trondheim,
Norway. The solar-powered facility will enable ASKO to fuel their forklifts and
delivery trucks with locally produced hydrogen, and offers a zero-emission
solution for their trucks covering short and long distances. Working with ASKO,
one of Norway's largest transport companies with over 600 trucks on the road
every day, is an exciting step for Nel towards enabling climate neutral
transport solutions all across Norway," says Jacob Krogsgaard, Senior Vice
President of Nel Hydrogen Solutions.

The dedicated solar facility will produce energy for Nel's turn-key C-150
containerized electrolyser with the total production capacity of more than 300
kg of hydrogen per day. The H2Station® will be installed with three separate
dispensers, two dispensers at 350 bar dedicated for forklifts and trucks, and
one dispenser at 700 bar dedicated to cars. The installation will take place
during the second half of 2017 at ASKO's facility at Tiller in Trondheim.

"ASKO searched the market for producers who have built and commissioned larger
hydrogen production plants and fueling stations solutions with strong operating
results, and after an extensive tendering process involving both Norwegian and
international suppliers, the choice fell on Nel", says Jørn Arvid Endresen, CEO
of ASKO MIDT-NORGE.

The hydrogen production plant is expected to be operational in the autumn of
2017 together with the H2Station® and combined forklift fueling solution. The
delivery truck dispenser will be in place before the first hydrogen-fueled ASKO
trucks from Scania are expected to be deployed during the autumn of 2018.

"ASKO has an ambition to be climate-neutral through zero-emission
transportation, and is excited to start the roll-out of the necessary solutions
to achieve these goals. The fast hydrogen fueling will keep our forklifts
moving, and with this region's long delivery distances, we also see hydrogen as
the right choice for our delivery trucks", Endresen concludes.

The project has been partially funded by Enova, as part of ASKO's project to
invest in hydrogen production and hydrogen-fueled trucks. The parties have
agreed to not disclose the total contract value.

ENDS

Further information:

Jon André Løkke, CEO, Nel, Tel.: +47 907 44 949

Bjørn Simonsen, VP Market Development and Public Relations, Nel, Tel.: +47 971
79 821

Jørn Endresen, CEO, ASKO MIDT-NORGE, Tel.: +47 952 87 845

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
foundation 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.