Everfuel and Vestische Straßenbahnen GmbH signs contract for pilot project with the mobile refuelling solution Everfiller

06 Mar 2023 16:43 CET

Herning, Denmark 06.03.2023 - Everfuel and Vestische Straßenbahnen GmbH have
signed a contract to jointly test Everfiller, a flexible and fully mobile
hydrogen refuelling solution, in real-world conditions as part of a pilot
project. The contract value is approximately EUR 1.1 million.

The Everfiller is a mobile hydrogen refuelling station particularly suitable for
refuelling smaller vehicle fleets and for operators which do not currently
refuel large hydrogen volumes as often seen at conventional fixed refuelling
stations. Everfuel experience that many fleet operators acknowledge hydrogen as
a viable solution to decarbonise their fleet, but currently lacks suitable
hydrogen refuelling solutions, particularly for entry-level applications. The
Everfiller lowers these barriers of entry and makes hydrogen accessible to
operators with small vehicle fleets. The Everfiller is also suitable for
demonstration projects and initial test fleets. As the demand for hydrogen
increases, Everfuel can substitute the Everfiller with a stationary H2 filling
station, and thus use the mobile asset elsewhere.

"The addition of the Everfiller to our offering gives more flexibility to a
number of customers, as they can choose either a stationary refuelling station
that allows for quick refuelling at any time or the flexible and cost-effective
solution that is the Everfiller," says Uffe Borup, CTO at Everfuel. "We see a
lot of demand from operators who want to test hydrogen as a fuel and we are
happy that we are now able to use the Everfiller to make hydrogen available to
even more customers who want to decarbonise their mobility operations," adds
Lars Jakobsen, Sales Director of Everfuel.

Today, Vestische Straßenbahnen GmbH operates more than 260 of its own buses in
the district of Recklinghausen, in the city of Bottrop and in the northern part
of the city of Gelsenkirchen. The company has initiated the transition to
sustainable solutions for public transport and is one of the pioneers in the use
of alternative drives in bus transport. In the second half of 2023, the first
five fuel cell buses are to be sequentially integrated into the Vestische bus
fleet. At the start of the project, the busses will be refuelled with the
Everfiller at the depot in Herten.

"The solution with the mobile hydrogen filling station from Everfuel is
pragmatic and effective for Vestische. It makes it much easier for us to start
building up our own H2 infrastructure," says Martin Schmidt, Managing Director
at Vestische Straßenbahnen GmbH.

The Everfiller is based on Everfuel's patent-pending technology. The first
prototypes are scheduled to go into operation in the second half of 2023, with
commercial deployment planned for 2024.

A German version of the press release is available.

For additional information, please contact:

Jens Conrad, Business Development Manager Germany, Everfuel, jc@everfuel.com +49
179 499 7470

Mads Tirsgaard Mortensen, Investor Relations Manager, Everfuel, mm@everfuel.com,
+45 6171 5625

About Everfuel | www.everfuel.com

Everfuel is making green hydrogen for zero emission industry and mobility
commercially available across Europe, offering competitive all-inclusive
hydrogen supply and fuelling solutions. We own and operate green hydrogen
infrastructure and partner with industry and vehicle OEMs to connect the entire
hydrogen value chain and seamlessly provide hydrogen fuel to enterprise
customers under long-term contracts. Green hydrogen is a 100% clean energy
carrier made from renewable solar and wind power and key to decarbonising
industry and transportation in Europe. We are an ambitious, rapidly growing
company, headquartered in Herning, Denmark, and with activities in Norway,
Denmark, Sweden, The Netherlands, Germany and Belgium, and a plan to grow across
Europe. Everfuel is listed on Euronext Growth in Oslo under EFUEL.

About Vestische Strassenbahn | www.vestische.de

More information:
Access the news on Oslo Bors NewsWeb site

584368_20230306_Pressemitteilung_Everfiller_Vestische_DE.pdf
584368_20230306_Everfiller_contract_ENG.pdf