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Everfuel and Hy24 A/S sign final agreement on increased Danish Power-to-X tender award

(With reference to stock exchange releases dated 27 October and 17 November regarding Everfuel and Hy24 A/S joint venture (JV) named marginal winner and subsequent increased support by the Danish Power-to-X tender for production and supply of green hydrogen.) Herning, Denmark, 15 December 2023 – Everfuel Hy24 A/S is pleased to announce that the JV has signed the final agreement with the Danish Government in relation to the Power-to-X tender for supporting production and supply of green hydrogen. The increased grant is valued at DKK 211 million (€28,3 million) following the revised

Everfuel and Hy24 A/S JV notified as marginal winner of the Danish Power-to-X tender for production and supply of green hydrogen

Herning, Denmark, 27 October 2023 – Everfuel Hy24 A/S is pleased to announce that the Joint Venture has been notified as marginal winner of the Danish Power-to-X tender for green hydrogen production and supply. The JV Partners is given ten working days to evaluate the residual support amount offered. The tender’s built-in subsidy is provided as support for operating expenses and is recognised per kilogram of green hydrogen produced. The subsidy will run for ten years and is dependent on the operational performance of the project. The subsidy structure supplements the JV’s strategy to

Everfuel and Hy24 complete EUR 200 million JV for green hydrogen infrastructure in the Nordics

Herning, Denmark, and Paris, France, 29 September 2023 – With reference to the announcement on 28 February 2023 regarding the creation of EUR 200 million joint venture (JV) between Everfuel A/S, a leading European green hydrogen energy company, and Hy24, managing the world's largest clean hydrogen infrastructure fund. Everfuel is pleased to announce that the transaction establishing the JV has been completed, enabling the JV to commence financing the development of electrolyser capacity across the Nordics with a special emphasis on servicing the rapidly growing market within the EU.

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