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Everfuel – Q4 2023: Preparing for green hydrogen ramp-up

Herning, Denmark, 05 March 2023 – Everfuel A/S today published its fourth quarter financial results and annual report for 2023. Key events Q4 2023: · Everfuel and Hy24 JV signs final agreement for first ever Danish PtX tender, securing EUR 28.3 million of green hydrogen production support · Entered strategic collaboration with Japanese industry blue-chips ITOCHU and Osaka Gas · Q4 EBITDA of -3.4 million · EUR 6.8 million non-cash write down of legacy hydrogen stations and equipment · Cash position of EUR 28.6 million at end of December 2023 · Current liquidity

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 – Q3 2023: Executing strategy realignment and progressing HySynergy 1 towards start-up

Herning, 22 November 2023 – Everfuel A/S today published its third quarter 2023 financial results. Key events · Everfuel and Hy24 signs JV agreement for green hydrogen infrastructure in the Nordics · JV completes HySynergy 1 acquisition as first investment under the EUR 200 million framework · Implementing realigned strategy focused on scaling green hydrogen production and Alternative Fuels Infrastructure Regulation (AFIR) ready heavy duty hydrogen mobility solutions · HySynergy 1 progressing according to updated timeline with expected start up in Q1 2024 supported by fully

Everfuel presents third quarter 2023 results on 22 November

Herning, Denmark, 15 November 2023 – Everfuel A/S will release its financial results for the third quarter of 2023 on Wednesday, 22 November at 07:00 CEST. CEO Jacob Krogsgaard and CFO Jesper Ejlersen will present the company's results at 09:00 CEST and invite investors, analysts, and media to join the live webcast presentation. The presentation is expected to last up to one hour, including Q&A, and can be followed via live webcast.  Webcast:Join the results webcast on Teams via the following link: Everfuel Q3 2023 Webcast  

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.

Her Majesty The Queen of Denmark visits the starting point of the Danish PtX adventure

Fredericia, Denmark, 1 September 2023 – Today, Her Majesty Queen Margrethe II visited HySynergy – the place where the Danish PtX adventure begins.During the royal summer cruise, Her Majesty The Queen is visiting Fredericia. Denmark’s initial steps into the PtX adventure have prompted a visit from HM The Queen to the PtX facility, HySynergy, much to the delight of the companies behind the project and their employees.“It is a great honour to have Her Majesty visit our hydrogen production facility in Frederica, which is quite unique even on an international scale. HySynergy is showing the

Everfuel and Hy24 create EUR 200 million JV for accelerated development of green hydrogen infrastructure in the Nordics

Herning, Denmark, and Paris, France 28 February 2023 – Everfuel A/S, a leading European green hydrogen energy company, and Hy24, managing the world’s largest clean hydrogen infrastructure fund, are pleased to announce the creation of a joint venture (the “JV”) to finance the accelerated development of electrolyser capacity across the Nordics. Everfuel will own 51% of the JV and the Hy24-managed Clean H2 Infra Fund will own 49%. JV highlights · Plans to invest a total of EUR 200 million in equity in green hydrogen infrastructure in Denmark, Norway, Sweden and Finland. This will

Everfuel and Better Energy enter collaboration agreement on green power for PtX Holstebro, Denmark

Herning, Denmark, 21 February 2023 – Everfuel has entered into a cooperation agreement with Better Energy to contribute to the Holstebro PtX project with green energy. Wind turbines and solar cells on land need to deliver four times more than today, necessary for Denmark to be able to achieve the goal of reducing CO2 emissions by 70% in 2030. It is a prerequisite that energy parks cannot solely be allocated to supply electric cars and heat pumps with new green power if Denmark’s next business adventure within hydrogen and Power-to-X (PtX) is to be supported. ” Independent energy

HySynergy 2.0 receives DKK 246.3 million in IPCEI funding

Herning, Denmark, 16 December 2022 – Everfuel A/S is pleased to announce the receipt of notification from the Danish government of funding under the Important Projects of Common European Interest (IPCEI) program. The grant by the Danish government of total DKK 246.3 million (EUR 33.1 million) will be made available for the development of the second phase of the HySynergy facility. HySynergy 2.0 will be developed together with Crossbridge Energy Fredericia as partner and will produce green hydrogen used to decarbonise industrial processes and transportation. In June, Everfuel and

Everfuel signs MoU with Karlstads Energi for establishing a hydrogen hub

Herning, Denmark, 26 August 2022 – Everfuel A/S is pleased to announce the signing of a Memorandum of Understanding (MoU) with Karlstads Energi for a collaboration on developing a hydrogen hub in Karlstad, Sweden. The two parties plan to explore the commercial and technical feasibility of constructing a 20 MW electrolysis facility as a first phase of the hub development. The facility is intended to produce green hydrogen, supply excess heat to the local district heating owned and operated by Karlstads Energi, utilise the produced oxygen for industry purposes and supply green fuel to both

Everfuel launches plan for Holstebro hub to scale green hydrogen for industry and mobility

Herning, Denmark, 24 August 2022 – Everfuel A/S is pleased to announce its plan to build a hydrogen hub in Holstebro, Denmark, to support regional energy transition and accelerate scale-up of green hydrogen as a zero-emission fuel for industry and mobility. The hub will be developed in two phases in close collaboration with partners within industry and mobility, with the aim of establishing safe, reliable and efficient local supply of clean energy. “The hub-concept represents a novel approach to scaling green hydrogen. It offers a strong value proposition for industry, the transport

Green Fuels for Denmark Receives IPCEI status

Herning, Denmark, 15 July 2022 – Today, the European Commission has granted IPCEI status to the project Green Fuels for Denmark, led by Ørsted. Everfuel participates in the project as the distributor of green hydrogen for road transportation.Green Fuels for Denmark is one of two power-to-X projects that were shortlisted by the Danish Government last year to be eligible for public funding. The criterion for receiving the public funding is for the project to be recognised as Important Project of Common European Interest (IPCEI) and thereby contribute in a sustainable manner to European

Everfuel and Crossbridge Energy agree on terms for HySynergy Phase II hydrogen supplies

Herning and Fredericia, 27 June 2022 - Everfuel A/S and Crossbridge Energy A/S have signed a long-term agreement stipulating the terms for hydrogen supply from the first stage of Everfuel’s HySynergy Phase II PtX facility which is under development in Fredericia, Denmark. The agreement is an important step in the realisation of the planned 300MW electrolyser plant. The two project partners have agreed on the commercial terms for the initial stage of the electrolyser facility which will be developed in three stages (A, B and C) each with 100 MW electrolysis capacity.Section A will have

Heat for 1300 households from Denmark's first PtX agreement

Fredericia, Denmark, 27 June 2022 - TVIS and Everfuel succeed Denmark’s first agreement of surplus heat from a PtX facility. Everfuel invests in a 4.5 MW heat pump to cool the supporting processes in the hydrogen production. TVIS, the local district heating network,  is building a 1.2 kilometre long transmission line to Everfuel's 20 MW electrolysis plant, HySynergy. When TVIS and Everfuel signed the first agreement six months ago the volume corresponded to the consumption in 5-600 households per year. The new agreement increases the volume to about three times as much, as the volume of

Everfuel and Greenstat receive NOK 148 million in grant from Enova for Hydrogen Hub Agder

Herning, Denmark and Kristiansand, Norway, 23 June 2022 – Everfuel A/S and Greenstat ASA are pleased to announce the award a grant of NOK 148 million from Enova to support the development of the Hydrogen Hub Agder. The hub includes the construction of a 20 MW electrolyser at the Elkem Fiskaa industrial compound in Kristiansand, Norway. The primary focus for the hub is to serve the shipping industry with renewable fuel where Kristiansand is a major port for both Norwegian coastal traffic and marine traffic to the rest of the European continent. Kristiansand is also a key landing point for

Everfuel and Crossbridge Energy receive grant for HySynergy liquid e-fuels study

Herning and Fredericia, 21 June 2022 - Everfuel A/S and Crossbridge Energy A/S are pleased to announce that they in a collaboration with Aalborg University have received public funding for a technology pre-feasibility study for potential future production of liquid e-fuels in Fredericia, Demark.  The total grant amounts to DKK 5.8 million. The funding will be used to part-finance the pre-feasibility study which will include the development of a test production plant which will be used to demonstrate the production of e-fuels and the optimal integration of the refinery processes as well

HySynergy announced as Lighthouse Project

Herning, Denmark, 30 March, 2022 – Everfuel’s HySynergy project was today announced as a Lighthouse project by Hydrogen Europe as it spearheads the roll-out of large-scale hydrogen implementation.Lighthouse projects are hydrogen initiatives that stands out, are integrated, makes a difference for climate and employees, and which are large in scale. With the announcement of HySynergy as a Lighthouse project, the project is manifested to be much more than an electrolyser facility. The Hydrogen Europe’s Lighthouse initiative aims to support such projects and speed up the roll-out of hydrogen

350MW power connection reserved for HySynergy Phase II

Herning, Denmark, 7 February 2022 - The Danish TSO, Energinet has positively assessed Everfuel’s request for a 350MW power connection for Phase II of the HySynergy power-to-X (PtX) plant in Fredericia, Denmark. Phase I of the 20 MW PtX plant is currently under construction and is planned to be scaled to 300MW by 2025. Moving towards the approval of being able to connect the 350 MW power connection to a nearby 150kV transformer station is a vital step in realising Phase II of the PtX plant. The next step towards getting the approval from Energinet is the so-called pre-construction

Everfuel to set up station with the award of second German contract

Herning, Denmark, 27, January 2022 – Everfuel A/S is pleased to announce that the fully owned subsidiary Everfuel GmbH has been preliminary informed about the planned award of a contract by a German public organisation in North Rhine-Westphalia for the provision of a hydrogen refuelling station for heavy-duty vehicles.   The agreement includes a refuelling station and associated services for a minimum contract period of 10 years. The station is planned to be operational in 2023.The parties have agreed not to disclose the contract value.   Closing date for submission of complaints is

Everfuel to supply excess heat from HySynergy facility to local district heating network

Herning, Denmark, 21 December 2021 – Everfuel A/S is pleased announce the signing of a heat offtake agreement with TVIS whereby surplus heat from green hydrogen production at the HySynergy electrolysers will be used to warm up homes and businesses connected to the local district heating network. The collaboration will initially provide green heating to the equivalent of 500-600 homes. “We are securing good cross-sector integration and potentially reduced production costs by connecting hydrogen production from the PtX facility with district heating. While the technology is proven, we are

New Danish PtX strategy supports competitive green hydrogen production

Herning, Denmark, 16 December, 2021 - Everfuel is pleased to follow the publication of the new Power-to-X (PtX) and hydrogen strategy from the Danish Government. The strategy will play a significant role in making green hydrogen competitive and reduce the Danish CO2-emissions.Last night the Danish Government launched their PtX and hydrogen strategy with the ambition of significantly contributing to CO2-reductions in Denmark. The strategy is an important first step in making Denmark one of Europe’s leading nations within PtX and green hydrogen and in transforming hard to abate sectors.

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