Cavendish Hydrogen ASA Secures a New Contract for Hydrogen Fueling Stations in Italy

17 Oct 2025 15:45 CEST

The hydrogen fueling stations will be delivered in Italy by Q2 2026,
reinforcing Cavendish's position in Europe's energy transition.

Oslo, Norway -- October 17, 2025 -- Cavendish Hydrogen ASA (Cavendish, Oslo
Børs ticker: CAVEN) today announced the signing of a contract with Hydroalp,
part of BM Group, for the delivery of hydrogen fueling stations in Italy. The
stations will be supplied to an Italian customer with a leading position in
the Italian fuel and transport services sector.

Hydroalp, an Italian company operating in the renewable sector, will be the
EPC contractor and deliver a turnkey package to the customer, ensuring a fully
integrated solution from engineering to commissioning.

The contract, valued at approximately EUR 3.2 million, includes the advanced
hydrogen fueling equipment along with installation and commissioning services
and a 2-year service and maintenance contract.

Execution of the project is scheduled to be completed by the end of Q2 2026.

" Cavendish continues to strengthen its position as a trusted partner in
hydrogen mobility solutions across Europe. This is the second and third
Cavendish site in Italy and the project marks an important step in
accelerating the adoption of hydrogen as a clean fuel alternative in Italy,
supporting the country's energy transition and decarbonization goals. Italy is
an important growth market for clean energy solutions, and this project
strengthens our European footprint", said CEO of Cavendish, Robert Borin.

"Hydroalp's offering is constantly growing in the renewable gas sector. This
new and important project confirms us as a reliable EPC contractor in the
field of refueling stations, and we are pleased to count on Cavendish's
expertise and experience", says CEO of Hydroalp, Andrea Teli.

For further information, please contact:

Cavendish IR
Mirza Koristovic, Head of Investor Relations
IR@cavendishh2.com
+47 938 70 525

Contacts Hydroalp
Anna Zoppirolli, Chief Marketing Officer
anna.zoppirolli@bmgroup.com

About Cavendish Hydrogen ASA | www.cavendishh2.com
Cavendish Hydrogen is a global leader in hydrogen fueling solutions for the
mobility sector. Driven by the vision to end emission from mobility, Cavendish
is committed to providing safe, competitive, and reliable hydrogen fueling
solutions, offering the convenience of traditional fuels but with zero
emissions. The company covers the entire value chain from development and
production to installation, commissioning, and maintenance. Through value
creation and cutting-edge technology, Cavendish is setting new standards for
fueling heavy-duty vehicles with reliable hydrogen solutions. Cavendish
Hydrogen ASA is listed on the Oslo Stock Exchange (CAVEN) and headquartered in
Herning, Denmark.

About Hydroalp | www.hydroalp.com
Hydroalp is an Italian company founded in 2015, operating as an EPC contractor
in the fields of hydropower, renewable gases, and modular skid systems. Thanks
to a multidisciplinary team and solid experience in managing complex
construction sites, Hydroalp is able to deliver turnkey solutions covering the
entire plant lifecycle, from design and installation to after-sales support.
The company is part of BM Group, an Italian industrial group headquartered in
Borgo Chiese (TN), which brings together companies specialized in digital and
environmental technologies for industry. Today, BM Group has over 350 direct
employees across its various national and international locations, working
within three main areas of expertise: automation, mechatronics, and renewable
energy.

This information has been submitted pursuant to the Securities Trading Act §
5-12 and MAR Article 17. The information was submitted for publication at
2025-10-17 15:45 CEST.

More information:
Access the news on Oslo Bors NewsWeb site

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