Biomethane Station Data October 2024

07 Nov 2024 07:00 CET

7 November 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 October 2024.

* A record 4,859 tonnes of Bio-CNG were dispensed from 14 public access
refuelling stations in operation during October 2024, an increase of 19%
from 4,094 tonnes in October 2023 (12 stations)
* The average daily dispensed volume was a record 156.8 tonnes in October 2024
compared to 132 tonnes dispensed per day in October 2023
* For the three months ending 31 October 2024, the total dispensed volume was
13,941 tonnes, an increase of 18% compared to the same period in 2023
* In October, a daily average of 1,826 vehicles refuelled at ReFuels' Bio-CNG
stations, compared to 1,534 vehicles for the same period last year,
corresponding to a 19% growth

"A ramp-up in deliveries of new CNG trucks in October supported continued
growth in dispensed volumes as the increasing number of vehicles use our
UK-wide station network. In the coming months, we expect new vehicle
deliveries to accelerate and drive further volume growth as more fleets shift
from diesel to renewable biomethane to reduce carbon emissions and fuel
costs," said Philip Fjeld, CEO of ReFuels.

In the three months ending 31 October 2024, ReFuels had 161 unique customer
fleets refuelling across the network, compared to 147 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. Two stations are 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 aims to have
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 end-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
2024-11-07 07:00 CET.

More information:
Access the news on Oslo Bors NewsWeb site

631478_Operational Update Oct 2024.pdf
631478_Biomethane Station Data October 2024.pdf