Nel ASA: Annual Report and Sustainability Report 2020

(Oslo, 25 March 2021) Nel ASA (Nel, OSE:NEL) has published its Annual report and Sustainability report for 2020. This is the first Sustainability Report published by Nel, in accordance with GRI Standards, supplemented by considerations found in TCFD and Euronext guidelines.

The reports are attached to this stock exchange notice and published on www.nelhydrogen.com.

ENDS

For further information, please contact:

Jon André Løkke, CEO, +47 907 44 949

Kjell Christian Bjørnsen, CFO, +47 917 02 097

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. Our roots date back to 1927, and since then, we have had a proud history of development and continuous improvement of hydrogen technologies. Today, our solutions cover the entire value chain: from hydrogen production technologies to hydrogen fueling stations, enabling industries to transition to green hydrogen, and providing fuel cell electric vehicles with the same fast fueling and long range as fossil-fueled vehicles - without the emissions.