Awarded EUR 1 million grant for H2Station® technology development

(Oslo, 18 October 2016) Nel Hydrogen A/S, a subsidiary of Nel ASA (Nel, OSE:NEL) has been awarded an R&D grant of EUR 1 million from the Danish Energy Technology Development and Demonstration Program (EUDP) for continued H2Station® hydrogen technology development.

”We are pleased to receive continued support from the Danish EUDP program for our H2Station® fueling technology. The support will contribute to our continued efforts in advancing the technology and reducing cost of dispensed hydrogen,” states Jacob Krogsgaard, Senior Vice President of Nel Hydrogen Solutions.

EUDP funding is awarded to support development and demonstration of new energy technologies and related research, upon a thorough third-party evaluation process. The EUDP support for Nel efforts on advancing H2Station® technology is therefore a recognition of the relevance of hydrogen fueling in contributing to achieving Danish environmental goals.

News from the Danish Ministry of Energy, Utilities and Climate:

http://efkm.dk/aktuelt/nyheder/nyheder-2017/oktober-2017/eudp/ 

http://presse.ens.dk/pressreleases/183-mio-kr-til-fremtidens-energiteknologi-2220331 

ENDS

For additional information, please contact:

Bjørn Simonsen, VP Market Development and Public Relations, +47 971 79 821

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.

About Us

NEL ASA is a leading global supplier of hydrogen technology for industrial / energy purposes, and has made over 500 deliveries in more than 50 countries. The company's main products are hydrogen production plants based on water electrolysis, complete hydrogen stations for transport and renewable energy storage solutions. The company has its roots from the hydrogen activities of Norsk Hydro, which dates back to 1927. The company also has a number of patents related to tests for early detection and diagnosis of diseases.

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