Biomethane Station Data January 2025

11 Feb 2025 07:00 CET

11 February 2025 - 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 January 2025.

* 4,921 tonnes of Bio-CNG was dispensed from 15 public access refuelling
stations in operation during January 2025, an increase of 13.4% from 4,339
tonnes in January 2024 (13 stations)
* The average daily dispensed volume was 159 tonnes in January 2025 compared
to 140 tonnes dispensed per day in the year-earlier period
* For the three months ending 31 January 2025, the total dispensed volume was
14,897 tonnes, an increase of 16% compared to the same period in 2024
* In January, a daily average of 1,955 vehicles refuelled at ReFuels' Bio-CNG
stations, compared to 1,602 vehicles for the same period last year,
corresponding to a 22% growth
* Prices for Renewable Transport Fuel Certificates (RTFCs) averaged 25.4 pence
in January 2025, up 41.5% compared to January 2024

"In January, truck deliveries to both existing and new customers continued.
The growing fleet will increase utilisation at our Bio-CNG stations during the
year ahead. The successful completion of the first trials with the new larger
Scania 6x2 model is highly encouraging with close to 125,000 diesel 6x2
articulated trucks on UK roads. The 6x2 CNG offering opens a market that is 6
times larger than the UK 4x2 truck market where we are the alternative fuel
market leader, almost exclusively serving nearly 10% of the UK 4x2 articulated
truck fleet at our Bio-CNG stations," said Philip Fjeld, CEO ReFuels.

ReFuels had 173 unique customer fleets refuelling across the network in the
three months ending 31 January 2025, compared to 146 for the comparable period
in 2024.

In addition to Bio-CNG dispensing, ReFuels generates revenue from sales of
Renewable Fuel Transport Certificates (RTFCs.) Refuels is awarded 3.8 RTFCs
per kilo dispensed Bio-CNG, which are sold to fuel suppliers with a blending
obligation. In January, the average price per RTFC was 25.4 pence, compared
with 17.98 pence in December 2023.

Through the CNG Fuels brand, ReFuels operates 15 public access Bio-CNG
stations on major trucking routes in the UK. ReFuels has one station under
construction in Livingston, Scotland, which will enable low-emission transport
between Glasgow and Edinburgh. ReFuels has a target of 30 stations in
operation or 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
2025-02-11 07:00 CET.

More information:
Access the news on Oslo Bors NewsWeb site

638198_Operational Update Jan 2025.pdf
638198_Biomethane Station Data January 2025.pdf