Nel ASA: Receives a USD 7 million purchase order for containerized PEM equipment

17 Apr 2026 15:06 CEST

(April 17, 2026 - Oslo, Norway) Nel Hydrogen US, a subsidiary of Nel ASA (Nel,
OSE:NEL), has received a purchase order from Mesure Process, a subsidiary of
Synqo Energies, for containerized PEM electrolyser equipment with a total value
of about USD 7 million for its European project. This is the second purchase
order Nel has received from the client. The units will supply hydrogen refueling
stations and industrial use. Synqo Energies, previously MPH Énergie, will
operate as the EPC supplier and deliver the complete hydrogen refuelling
package, owned by a consortium, including the off-takers.

Mesure Process designs and develops integrated solutions across three core
areas: projects, products, and services. The company supports industrial
customers and operators in industry, and heavy and energy-intensive mobility, in
transitioning their processes and infrastructure to new energy sources.

"This project marks an important milestone for Mesure Process. It reflects our
ability to design and deliver integrated hydrogen infrastructures as an EPC+M
partner, combining engineering, system integration and operational expertise to
support the development of low-carbon mobility and industrial uses," says
Marcello Venturi, Managing Director of Mesure Process.

"We're very pleased to secure this repeat order from Mesure Process, which
underlines their trust in our technology. The MC platform is gaining strong
momentum, with its fully modular design enabling easy transport and rapid
installation, making it a highly versatile solution across a wide range of
applications," says Todd Cartwright, CCO of Nel ASA.

The PEM electrolyser will only produce renewable hydrogen which will serve the
client's hydrogen distribution (mobility) and export (industry), a site that is
expected to be operational in 2027.

ENDS

For additional information, please contact:
Kjell Christian Bjørnsen, CFO, +47 917 02?097
Wilhelm Flinder, Head of IR, Communications & Marketing +47 936 11 350

About Nel ASA | www.nelhydrogen.com
Nel has a history tracing back to 1927 and is today a leading pure play hydrogen
technology company with a global presence. The company specializes in PEM and
Alkaline electrolyser technology for production of renewable hydrogen. Nel's
product offerings are key enablers for a green hydrogen economy, making it
possible to decarbonize various industries such as transportation, refining,
steel, and ammonia.

This information is subject to a duty of disclosure pursuant to Section 5-12 of
the Norwegian Securities Trading Act. This information was issued as inside
information pursuant to the EU Market Abuse Regulation, and was published by
Wilhelm Flinder, Head of Investor Relations, Communications and Marketing, at
Nel ASA on the date and time provided.

More information:
Access the news on Oslo Bors NewsWeb site

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