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.

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