Biomethane Station Data September 2024

07 Oct 2024 07:00 CEST

7 October 2024 - ReFuels N.V., one of Europe's leading suppliers of renewable
biomethane (Bio-CNG) for the decarbonisation of heavy goods vehicles, today
published Bio-CNG station data for September 2024.

* 4,543 tonnes of Bio-CNG were dispensed from 14 public access refuelling
stations in operation during September 2024, an increase of 17% from 3,885
tonnes in September 2023 (12 stations)
* The average daily dispensed volume was a record 151 tonnes in September 2024
compared to 129.5 tonnes dispensed per day in September 2023
* For the three months ending 30 September 2024, the total dispensed volume
was 13,726 tonnes, an increase of 19% compared to the same period in 2023
* In September, a daily average of 1,774 vehicles refuelled at ReFuels'
Bio-CNG stations, compared to 1,471 vehicles for the same period last year,
corresponding to a 21% growth

"We are pleased to deliver a new dispensing record in September, exceeding an
average of 150 tonnes per day for the first time. Towards the end of the
month, truck deliveries accelerated, and we expect the strong momentum to
continue in October, driving demand at our Bio-CNG stations. Customer trials
for the new larger Scania 6x2 CNG truck are anticipated to start during
November with long waiting lists. Additional trial vehicles are set to be
deployed to meet this demand from a growing number of fleet owners looking to
decarbonise their operations," said Philip Fjeld, CEO of ReFuels.

ReFuels had 162 unique customer fleets refuelling across the network in the
three months ending 30 September 2024, compared to 143 for the comparable
period in 2023.

Through the CNG Fuels brand, ReFuels operates 14 public access Bio-CNG
stations on major trucking routes in the UK. ReFuels has two stations under
construction, one in Doncaster in South Yorkshire, one of the UK's largest
logistics hubs, and one in Livingston in Scotland, which will enable
low-emission transport between Glasgow and Edinburgh. ReFuels has a target of
30-40 stations in operation and under construction by the end of 2026.

ReFuels provides monthly operational updates, which are normally released
within ten working days after the end of the month.

To receive ReFuels' stock exchange and press releases via email, subscribe at
refuels.com/investors.

For further information, please contact:
Philip Fjeld, CEO ReFuels N.V.
Tel: +44 7976 159 833
E-mail: Philip.Fjeld@refuels.com

About ReFuels
ReFuels is decarbonising Europe's truck fleet by developing, owning, and
operating green station infrastructure. We are rolling out a network of
reliable and convenient stations offering renewable biomethane fuels to heavy
goods vehicles, with hydrogen and electricity to be added. By the end of 2026,
the target is to have 30-40 stations across the UK, while the long-term
ambition is to become Europe's leading integrated supplier of alternative
fuels for commercial fleets. For further information please visit
www.refuels.com (http://www.refuels.com./).

This information has been submitted pursuant to the Securities Trading Act §
5-12 and MAR Article 17. The information was submitted for publication at
2024-10-07 07:00 CEST.

More information:
Access the news on Oslo Bors NewsWeb site

629091_Biomethane Station Data September 2024.pdf
629091_Operational Update Sep 2024.pdf