Biomethane Station Data February 2025

03 Mar 2025 07:00 CET

3 March 2025 - ReFuels N.V., one of Europe's leading suppliers of renewable
biomethane (Bio-CNG) for decarbonising heavy goods vehicles, today published
Bio-CNG station data for February 2025.

* 4,660 tonnes of Bio-CNG were dispensed from 15 public access refuelling
stations in operation during February 2025, an increase of 13.5% from 4,105
tonnes in February 2024 (13 stations)
* Average daily dispensed volume of 166.5 tonnes in February, up 18% compared
to 141.5 tonnes dispensed per day in the year-earlier period
* For the three months ending 28 February 2025, the total dispensed volume was
14,439 tonnes, an increase of 15% compared to the same period in 2024
* In February, a daily average of 1,971 vehicles refuelled at ReFuels' Bio-CNG
stations, compared to 1,642 vehicles for the same period last year,
corresponding to a 20% growth
* Prices for Renewable Transport Fuel Certificates (RTFCs) averaged 25.68
pence in February 2025, up 70% compared to February 2024

"We are pleased to deliver 18% year-on-year growth in daily dispensed Bio-CNG
volumes. This is a material uptick in our growth rate driven by strong
customer demand and continued deliveries of new trucks. Further new vehicles
are expected to hit the road in March as a market-leading UK retailer is
expanding its fleet of CNG-powered trucks to drive down transport-related
emissions. For many of our customers, biomethane is the preferred solution for
decarbonising long-haul transport. It offers a lower cost than HVO and allows
trucks to perform the same duty cycles as diesel-operated trucks," said Philip
Fjeld, CEO ReFuels.

ReFuels had 173 unique customer fleets refuelling across the network in the
three months ending 28 February 2025, compared to 145 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 February, the average price per RTFC was 25.68 pence, compared
with 15.06 pence in February 2024.

CNG Fuels supplies biomethane through a growing network of refuelling
stations, currently operating 15 public access Bio-CNG stations on major
trucking routes in the UK. One station is under construction in Livingston
Scotland, which will enable low-emission transport between Glasgow and
Edinburgh.

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. 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
2025-03-03 07:00 CET.

More information:
Access the news on Oslo Bors NewsWeb site

640200_Operational Update Feb 2025.pdf
640200_Biomethane Station Data February 2025.pdf