Hynion secures project financing for hydrogen refueling stations in Västerås and Jönköping

05 Jun 2024 16:33 CEST

Hynion Sverige AB has secured project financing of SEK 15 million for the
completion of a new generation of hydrogen refueling stations being built in
Västerås and Jönköping.

Hynion Sverige AB has secured project financing of SEK 15 million: SEK 10
million from the financial institution Bizcap, which specializes in providing
expansion capital to growing companies, and SEK 5 million from ALMI
Företagspartner Mälardalen. This financing will be used to complete the hydrogen
refueling stations being built in Västerås and Jönköping. Both stations are
scheduled to be inaugurated within six months.

"The demand for hydrogen refueling stations has increased significantly in
society, especially from vehicle manufacturers, fuel companies, and hauliers,"
says Slavica Djuric, CEO of Hynion Sverige AB. "Hynion is uniquely positioned as
the only Scandinavian player with extensive experience and expertise in
planning, construction, and the regulatory processes required for the commercial
distribution of hydrogen for road traffic. We have a strong and growing project
portfolio for hydrogen refueling stations at strategic locations in Sweden and
Norway. Both Västerås and Jönköping are locations where access to hydrogen on a
commercial scale has long been a stated desire from many major players. With
this financing, we can now meet this need and drive the transition to
sustainable transport solutions."

For more information contact:
Slavica Djuric,
CEO Hynion Sverige AB
Phone: +46 73 072 60 76
Email: sd@hynion.com

This announcement is considered to include inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to section 5-12 of the Norwegian Securities Trading Act. This stock exchange
release was published by Slavica Djuric, Managing Director Hynion Sverige AB, on
June 2024 at CET 16:33.


About Hynion
Hynion builds, owns and operates hydrogen refueling stations in and around the
largest cities in Scandinavia. The company offers hydrogen refueling stations
based on its own technology and decades of experience for turnkey establishment
and operation by interested actors or within the framework of collaborations or
co-ownership. The company's management also has extensive experience in
establishing and running start-ups in hydrogen technology and renewable energy.
www.hynion.com

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