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(Oslo, 16 February 2021) A subsidiarity of Nel ASA (Nel), and an entity partially owned by Nel, have received notices of fines totaling NOK 25 million related to the June 2019 incident at the hydrogen fueling station at Kjørbo, Norway. The company will assess the notices and consider further potential actions.

(Oslo, 21 January 2021) Nel ASA (Nel, OSE:NEL) today hosts the Nel Capital Markets Day 2021, outlining the target of producing green hydrogen at USD 1.5 per kilo* by 2025, to outcompete fossil alternatives. Cost reductions through scale-up of production to multi-GW scale, growing the organization to add capacities and capabilities, and investing in technology for the near- and long-term are crucial components in ensuring that Nel continues to be the global leader in the hydrogen industry.

(Oslo, 14 January 2021) Nel Hydrogen Electrolyser, a division of Nel ASA (Nel, OSE:NEL), has been awarded a EUR 13.5 million contract by Iberdrola for a 20 MW PEM solution for a green fertilizer project in Spain. Reference is made to the stock exchange notice on 3 November 2020 where it was informed that Nel was selected as a preferred supplier for the project.