Everfuel: Opening of first hydrogen bus depot in Germany

23 May 2024 15:58 CEST

Herning, Denmark, 23 May 2024 - Everfuel A/S is pleased to announce the opening
of the hydrogen refuelling station at the Frankfurt municipal bus company In-der
-City-Bus' (ICB) bus depot in Germany.

The depot station is owned by the bus operator ICB and will service 23 zero
emission fuel cell buses used for daily city and municipal public
transportation. Everfuel developed and constructed the refuelling station and
will supply hydrogen to ICB on a minimum three-year contract. The hydrogen will
be delivered by Everfuel's hydrogen trailers.

"We are pleased to celebrate the inauguration of ICB's refuelling station. The
opening is an important step in Everfuel's ambition to make hydrogen available
for heavy-duty mobility fleets starting in Germany," says Lars Jakobsen, Sales
Director of Everfuel. "ICB is at the forefront, pioneering the transition. I
would like to extend my gratitude to ICB, which has been a treasured partner in
development of the refuelling station, and I look forward to the continued
cooperation."

Supplying hydrogen to heavy-duty mobility applications is part of Everfuel's
strategy to develop large-scale production of green hydrogen in Denmark and
supply customers across Europe, starting with Germany. It is the second
dedicated bus station built by Everfuel and a key part the strategy of providing
clean energy solutions for public transportation, supporting Frankfurt's
transition to zero-emission buses. ICB's hydrogen depot station has capacity for
refuel at least 23 fuel cell buses daily and has potential to scale capacity as
demand grows.

Following today's opening of the ICB station, Everfuel is currently suppling
hydrogen to two dedicated bus stations with Wuppertal bus station in Germany as
the next station to be added to the portfolio.

For further information, please contact:

Lars Jakobsen, Sales Director, Everfuel, +45 2972 3933
Mads Tirsgaard Mortensen, Investor Relations Director, Everfuel,
mm@everfuel.com, +45 7730 4727

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 and Germany, and a plan to grow across Europe.
Everfuel is listed on Euronext Growth in Oslo under EFUEL.

More information:
Access the news on Oslo Bors NewsWeb site

619617_20240523_Everfuel_Frankfurt_bus_depot_inauguration.pdf