16 Sep 2024 13:32 CEST

Issuer

Hynion AS

Hynion Sverige AB has received positive news from the Swedish Energy Agency
regarding climate investment funding through the Climate Leap. The funding
amounts to SEK 18,21 million and will cover 60 percent of the eligible costs for
the establishment of a new hydrogen refueling station in Örnsköldsvik.

The new hydrogen refueling station in Örnsköldsvik is part of Hynion's continued
efforts to develop a robust hydrogen infrastructure in Sweden. Örnsköldsvik was
selected due to its strategic location along the E4, one of Sweden’s most
important transport routes, and at the intersection of national routes 90 and
348. This makes the city an optimal location to support both local and
long-distance hydrogen-powered transport.

This station is also part of Hynion's new generation of hydrogen refueling
stations, now with a capacity of 2 000 kg of hydrogen per day. Similar stations
are currently under construction in Västerås and Jönköping, further
strengthening Hynion’s role as a leading player in hydrogen infrastructure in
Sweden.

This project has also received support from the County Administrative Board of
Västernorrland, which assesses that it aligns with the region’s energy and
climate strategies. The project is expected to be completed by April 30, 2026.

"We are extremely pleased with this positive decision from the Swedish
Environmental Protection Agency and the significant support from Climate Leap.
This funding is crucial for our ambition to build a sustainable hydrogen
infrastructure in Sweden, and it helps us accelerate the transition to cleaner
transportation. With the new station in Örnsköldsvik, we are strengthening our
position as a leading player in hydrogen in Scandinavia and contributing to a
greener future," says Slavica Djuric, CEO of Hynion Sverige AB.


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

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


627832_pressrelease.pdf

Source

Hynion AS

Provider

Oslo Børs Newspoint

Company Name

HYNION AS

ISIN

NO0010920945

Symbol

HYN

Market

Euronext Growth