Biomethane Station Data November 2024

04 Dec 2024 07:00 CET

4 December 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 November 2024.

* A record 5,118 tonnes of Bio-CNG were dispensed from 14 public access
refuelling stations in operation during November 2024, an increase of 18%
from 4,334 tonnes in November 2023 (13 stations)
* The average daily dispensed volume was 171 tonnes in November 2024 compared
to 144 tonnes dispensed per day in November 2023
* For the three months ending 30 November 2024, the total dispensed volume was
14,520 tonnes, an increase of 18% compared to the same period in 2023
* In October, a daily average of 1,925 vehicles refuelled at ReFuels' Bio-CNG
stations, compared to 1,600 vehicles for the same period last year,
corresponding to a 20% growth
* Prices for Renewable Transport Fuel Certificates (RTFCs) averaged 24.8 pence
in November 2024, up 62% compared to November 2023

"We are proud to have crossed an important milestone in November, by
dispensing more than 5,000 tonnes of sustainable and renewable Bio-CNG to our
customers. November was one of the best months in terms of truck deliveries
since ReFuels was established ten years ago with almost 100 new CNG-powered
heavy goods vehicles hitting UK roads. Some of the trucks that have been
delivered in the last two months have gone straight into fairly high
utilisation work as part of the run-up to the November and December shopping
periods, thereby driving record-high dispensed volumes of low-carbon Bio-CNG
across our country-wide refuelling network," said Philip Fjeld, CEO ReFuels.

ReFuels had 161 unique customer fleets refuelling across the network in the
three months ending 30 November 2024, compared to 152 for the comparable
period in 2023.

In addition to Bio-CNG dispensing, ReFuels generates revenue from sales of
Renewable Fuel Transport Certificates (RTFCs). In November, the average price
per RTFC was 24.8 pence, compared with 21.9 pence the previous month and 15.2
pence in November 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 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
2024-12-04 07:00 CET.

More information:
Access the news on Oslo Bors NewsWeb site

633783_Biomethane Station Data November 2024.pdf
633783_Operational Update Nov 2024.pdf