H2 Logic A/S, a leading manufacturer of hydrogen fueling stations and a subsidiary of Oslo Stock Exchange listed NEL ASA, has been awarded a contract for one H2Station® fueling station for H2 MOBILITY Deutschland GmbH & Co.KG with an option for multiple repeat-orders. The station will be one among the first in a planned staged expansion onwards 2023 of up to 400 stations in Germany and a total investment of around € 400 million ($375m).

This press release is issued on basis of and subsequent to the NEL ASA market announcement to the Oslo Stock Exchange: www.newsweb.no/newsweb/search.do?messageId=391077

H2 MOBILITY Deutschland is a joint venture between six industrial companies – Air Liquide, Daimler, Linde, OMV, Shell and Total. The action plan for H2MOBILITY envisages a Germany-wide network of hydrogen fueling stations by 2023, which would make Germany the first country to offer an inter-regional network where fuel cell vehicles (FCEVs) can fill up with hydrogen.

The H2Station® to be supplied by H2 Logic, will be part of stage one of the action plan, that envisages the accelerated set-up of 100 stations over the next few years. The H2Station® will be installed in Rostock, Germany during 2016. The order includes an option for multiple repeat-orders for other German cities.

H2 Logic will build on years of experience in installing and servicing H2Station® in seven European countries, including Germany, and a long track-record of reliable operation and high performance. Earlier this year H2 Logic was the first in Germany to achieve approval for fueling with the updated J2601:2014 protocol, by the Clean Energy Partnership (CEP) after extensive third party fueling verification tests.

Jacob Krogsgaard, CEO of H2 Logic states:

“We look forward to provide our H2Station® fueling solution to H2Mobility Germany. This provides H2 Logic a strong showcase and presence in Europe’s key market for hydrogen fueling. It also shows that our H2Station® technology and track-record is appreciated by our customers.”

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H2 Logic press release

Further information

H2 Logic A/S
CEO
Jacob Krogsgaard
+45 2871 8945
jk@h2logic.com

About H2 Logic A/S

H2 Logic A/S is a leading manufacturer of H2Station® hydrogen refueling stations that provides fuel cell electric vehicles with the same fast fueling and long range as conventional vehicles today. H2 Logic is part of NEL ASA listed on the Oslo Stock Exchange. NEL ASA is a leading global supplier of hydrogen technology for industrial, energy and transport purposes, and has made over 500 deliveries in more than 50 countries. www.nel-asa.com