Bjørn SimonsenVice President – Market Development & Public Relations

bjorn.simonsen@nelhydrogen.com

Scaling up for Massive Scale Roll-Out of Hydrogen Infrastructure

DEMONSTRATION:

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NEL HYDROGEN● Pure-play hydrogen company listed on the Oslo Stock Exchange – facilities in Norway and Denmark● Three divisions offering hydrogen technology and solutions for industrial and energy applications ● More than 850 hydrogen solutions delivered in 59 countries world wide since 1927● World #1 on hydrogen electrolysers and hydrogen fuelling – unrivalled performance and track-record● Financially strong company with a world-class experienced management team in place

FUELINGELECTROLYSERS SOLUTIONS

HYDROGEN MARKET WILL BECOME

MASSIVE

276 M€ has been paid to German wind producers

..for electricity that never made it to the grid

..in 2015 alone

The Main ChallengesWe solve:

of the most importantsolution

..enabling a full transition to renewableenergy

..while simultaneously producing a valuable energy carrier for the industry& energy sector

WHY WILL THE HYDROGEN FUELING MARKET BECOME

MASSIVE?

one fuel to serve them all..

H2

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OI

one station to serve them all..

GETTING READY FOR MASS PRODUCTION 300

stations per year at full capacity

Massive scale renewablehydrogen

2 x 135 MWhydrogen factories

Capable of fueling~300,000 FCEVs

Delivered by Nel in 1930’s/50’s

FUELING STATION EXPERIENCE IN NEL

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VAST FUELING STATION EXPERIENCE

30 HRS in 8 countries since 2003

continuous technology development

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The world’s first country-wide network in daily operation:• Nel constructed entire network • Nel undertakes service, maintenance and surveillance• Collaborating with leading oil, energy and gas companies*

Key facts:• 100% of hydrogen from electrolysis• 6 stations with onsite electrolysis• 5 stations with centralized Nel electrolysis• All stations approved by OEM’s• Same approach in other markets

SHOWCASE DENMARK

* Partners: Air Liquide, OK, Strandmøllen, Vestforsyning

Renewable power:2015: 42%2035: 100%

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APPLYING THE WINNING FORMULA

UNO-X HYDROGEN AS• JV between Uno-X (41%), NEL (39%) and Praxair (20%)

• Target to build minimum 20 hydrogen fueling stations in Norway by 2020

– 1 under construction, 2-4 additional in 2017

• Strong partners with complementing knowledge and experience, Nel will provide hydrogen technology and competence

• Norway is attractive for FCEV-users: – World-class FCEV incentives, with no vehicle or value-added tax,

free access to public transport lanes, free public parking, and free passage on toll roads

– Hydrogen in Norway is 100% renewable

Version  10.12.2015Version  15.12.2015

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2ND SOLAR-TO-H2 PROJECT IN NORWAY:H2 FOR UTILITY/HEAVY DUTY TRANSPORT

Contract with ASKO, Norway's  largest  grocery  wholesaler  with  600  trucks  on  Norwegian  roads

● ASKO’s  facility  at  Tiller,  Trondheim● Locally produced renewable hydrogen● CAR-­‐200  with multi-­‐fueling functionnallity:

● Forklifts  (35  Mpa)

● 4  trucks  (35  Mpa)

● Cars (70  Mpa)

● C-­‐150  containerisedon-­‐site hydrogen  production

● Installation  in  2017● Project  supported by  Enova

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GLOBAL INITIATIVES ARE ACCELERATING

European  present  market

USA/Japan/Korea/EU  new  markets

Later  potential  markets

California/USA

Japan

Korea

Scandinavia

#  stations  status/target  

Germany

Japan

CA/USA

UK

Market

Korea

2016            2020                2030

EU

16150

300

2016            2018                2023

20100

400

2015            2018                2020

865

270

2016            2020 2030

25100

2016            2020                2025

<50160

320

2016            2020                2030

<1080

520

2016            2020                2030

<1560

900

1.600

#  stations  status/target  Market

..efforts across the transport sector will add «ketchup»

number one by nature