Nel ASA: Enters into framework agreement with Aibel

Aibel is a leading service company within the oil, gas and offshore wind industries, providing customers with engineering, construction, modifications and maintenance solutions for offshore and onshore projects throughout the project's entire life cycle. Aibel's 4000 employees are located in Norway and South East Asia. Aibel operates yards in Haugesund and in Thailand, with complete prefabrication, modularization and construction capabilities. Aibel is a leading service company within the oil,...

Aibel is a leading service company within the oil, gas and offshore wind industries, providing customers with engineering, construction, modifications and maintenance solutions for offshore and onshore projects throughout the project's entire life cycle. Aibel's 4000 employees are located in Norway and South East Asia. Aibel operates yards in Haugesund and in Thailand, with complete prefabrication, modularization and construction capabilities.

"The agreement with Nel marks an important milestone for Aibel and represents another strategic step in our ongoing business transformation towards renewable energy segments. Together with Nel we foresee many new business opportunities in a fast-growing, green energy industry," says Aibel's President & CEO Mads Andersen.

The process of phasing in Aibel on select, ongoing projects is underway. Aibel will  work integrated with Nel for the delivery of  the 20 MW PEM hydrogen production plant to Iberdrola, announced 14 January 2021: Awarded Iberdrola contract for 20 MW green fertilizer project in Spain | Nel Hydrogen

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.

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