Cavendish Secures a Significant Hydrogen Infrastructure Contract in Germany

14 Jan 2026 17:05 CET

Oslo, Norway -- January 14, 2026 -- Cavendish Hydrogen ASA (Cavendish, Oslo
Børs ticker: CAVEN) is pleased to announce the award of a significant
Engineering, Procurement, and Construction (EPC) contract for a hydrogen
fueling station in Germany. This marks one of the largest contract wins for
Cavendish in recent years, with a value in the range of 4-5 million EUR.

The project involves the design, permitting, construction, and service and
maintenance of a state-of-the-art hydrogen fueling station in the Western part
of Germany. The station will operate at 350 bar pressure and is designed to
fuel 25 buses per day, supporting the transition to zero-emission public
transport in Germany.

Delivery of the project is structured in two phases and will take place
throughout 2026 and 2027. The initial phase covers permitting activities and
is followed by the second phase that covers station construction and service
and maintenance. The customer, a leading and influential player in the German
mobility sector, will be disclosed at a later stage in a joint announcement.

Cavendish will collaborate with Everfuel, acting as a subcontractor for this
project. Everfuel will provide services for the construction of the bus
fueling station, leveraging its deep expertise in hydrogen infrastructure.
Everfuel is already producing Renewable Fuels of Non-Biological Origin (RFNBO)
at its hydrogen production facility, HySynergy, in Denmark and distributing it
to industrial customers. Germany is a frontier market for green hydrogen
adoption, and this project reflects the growing appetite for RFNBO in the
country. This partnership underscores the shared commitment of Cavendish and
Everfuel to accelerate the hydrogen transition in Europe.

Cavendish and Everfuel have previously collaborated on two Hydrogen bus
stations in Frankfurt and Wuppertal. These two projects have proven to be very
successful, and the stations are two of the most utilized in Europe, fueling
20-40 buses on a daily basis.

Germany is a strategic growth market for Cavendish, where we already have a
strong presence. This contract reinforces our position as a trusted partner in
Europe's hydrogen transition and aligns with our growth ambitions, supported
by positive market indications, supportive policy environment, proven
operational success, and excellent product-market fit.

"This contract is a milestone for Cavendish and a clear validation of our
strategy in Germany. Hydrogen infrastructure is critical for decarbonizing
heavy transport, and we are proud to deliver a solution that combines
innovation, reliability, and scalability. With strong policy support and
growing demand, Germany represents a key growth platform for Cavendish, and
this project sets the tone for what's ahead", says CEO of Cavendish, Robert
Borin.

For further information, please contact:

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

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.

This information has been submitted pursuant to the Securities Trading Act §
5-12 and MAR Article 17. The information was submitted for publication,
through the agency of the contact persons set out above, at 2026-01-14 17:05
CET.

More information:
Access the news on Oslo Bors NewsWeb site

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