Number one by nature

Dr. Uffe Borup

Fra Herning til Californien

NEL Hydrogen

2

Stifter H2Logic på 2. år af ingeniørstudiet i Herning 2003

H2 LOGIC HISTORIE

De 4 grundlæggere:Mikael Sloth

Jacob KrogsgaardJesper Boisen

Thomas Luckmann

3

H2 LOGIC HISTORIE

Historie af konstant udvikling i tæt samarbejde med ledende bilproducenter og energiselskaber

2011 2012 20132008 200920062003 2014 2015

H2 Logic

stiftet

Lavtryk

brinttankning

udviklet og testet

250bar brintstation

udviklet og anvendt

350bar

brintstation.

Brugt af Toyota,

Honda, Daimler

m.fl. til COP15

700bar brintstation

teknologi – en af de første

i verden – Verificeret af

Daimler

Lancering af

H2Station CAR-100

Standardiseret

brintstation

Første H2Station CAR-100

leveret i København. En af

Europas mest travle

brintstationer med højest

oppetid.

Joint Venture med

Air Liquide om 5

brintstationer i

Danmark.

Joint Venture with med OK og

Strandmøllen om 4-5

brintstationer i Danmark.

Først til at

implementere SAE-

J2601 standarden.

En global standard.

Teknologisamarbejde

med Mitsubishi for det

Japanske marked.

Første leverance af

brintstation til Shell i

Hamborg.

2016 2017

Merger med

NEL

Aftale med

Proton

California

Heavy Duty

Expansion

4

2006 – BRINTTRUCKS PÅ HEV…

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ABOUT NEL HYDROGEN

HYDROGEN FUELINGHYDROGEN ELECTROLYSERS HYDROGEN SOLUTIONS

● Pure-play and financially strong hydrogen company listed on the Oslo Stock Exchange

● ~100 employees in Denmark, Norway and California with world-class experience and skills

● Three divisions offering hydrogen technology and solutions for industrial and energy applications

● >850 hydrogen solutions delivered in 60 countries world wide since 1927

● World #1 on hydrogen electrolysers and hydrogen fueling – unrivalled performance and track-record

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• Global leader within hydrogen fueling solutions for vehicles, first to adapt the newest fueling standards

• Delivered 40+ stations in 8 countries since 2003

• Highest reported availability and innovative, in-house developed technologies

High capacity, smallest footprint200 -1000 kg/day, 10m2

Flexible installation, smallest footprint50 m from station, 1/3 size of normal dispenser

Largest manufacturing facility300 station per year capacity

NEL HYDROGEN FUELING

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• Unified delivery of complex renewable hydrogen solutions

• Efficient system integration, project development and sales across segments

• Only provider of integrated solutions along the entire value chain:

1. FUELING NETWORKS

• Develop entire fueling networks, incl. renewable hydrogen Station capacity of 200 – 1000 kg /day

• Full service and maintenance

• Network monitoring services

• Heavy Duty Vehicle station solutions (300 – 6.000 kg/day)

2. RENEWABLE HYDROGEN & STORAGE SOLUTIONS

• Renewable hydrogen

• Production based hydro, wind or solar

• Large, medium or small scale

• Storage solutions and “constant” renewable supply

NEL HYDROGEN SOLUTIONS

8

LATEST DEVELOPMENTS

9

LATEST DEVELOPMENTS

10

LATEST DEVELOPMENTS

11

LATEST DEVELOPMENTS

12

LATEST DEVELOPMENTS

13

LATEST DEVELOPMENTS

CONFIDENTIAL Page 14 © 2016 Nel Hydrogen | www.nelhydrogen.com

SupplyCompressors

20MPa

3x2.2 MW electrolysis

XFMR+Rectifier

PowerGrid

Indoor installation

Power from MV grid6.6 MW electrolysis for

1455 m3/h H2

N+1 redundancy electrolysis

hydrogen backup supply with trailer swap

Redundant fueling capacity

NEL provide a complete turn-key hydrogen solution. All services for installation, operation and maintenance are provided.

XFMR+Rectifier

XFMR+Rectifier

FuelingCompressor

Control

400 kg

Fuelingstorage

FuelingCompressor

Control

400 kg

Fuelingstorage

Supply panel

Supply storage

1800 kg

< €40/MWh < € 3.5/kg < € 5/kg

Integrated hydrogen production and fueling 2.000 kg /day

CONFIDENTIAL Page 15 © 2016 Nel Hydrogen | www.nelhydrogen.com

Cost continue to come down

• RE electricity cost continue down (wind / solar)• The Electrolysers can follow the fluctuation of the wind and produce a storable fuel.• Large opportunity for local renewable energy production and storage.

< €2/kg H2

Bulk

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LATEST DEVELOPMENTS

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● Use of H2 for Heavy Duty Vehicles (HDV) in preparation, great potential for emission reductions

● HDV requires large quantiles of H2 per day, gives solid business case for H2 infrastructure

● Renewable power at €20-30/MWh enables production of H2 at plant < €2/kg and < 3 - 5€/kg dispensed

– matching HDV diesel

1.000 Busses/year

500 Trucks/year

24 x NEL A-485 electrolysers – 50MW

<$30/MWh

CHEAP RENEWABLE = CHEAP HYDROGEN

+

< €5/kg

Number one by nature