Herning, Denmark, 28 February 2025 - Everfuel A/S and Crossbridge Energy Fredericia A/S are pleased to announce the first production and delivery of hydrogen to the Crossbridge Energy refinery, marking a significant milestone in the HySynergy I project. This achievement is the initial step towards stable operations and production ramp-up and underscores Everfuel and Crossbridge Energy's commitment to advancing the hydrogen economy.

The HySynergy I 20MW project, located in Fredericia, Denmark, is the first facility in Everfuel's strategy to develop green hydrogen production capacities. The successful production and delivery of hydrogen to project partner and offtaker Crossbridge Energy is a testament to the hard work and dedication of the entire Everfuel and Crossbridge Energy team and our partners.

"This milestone is not only a significant achievement for us but also an important step towards producing more green liquid fuels for planes, ships, and transportation that cannot be electrified. It is a beacon on the map. With hydrogen in the pipeline from HySynergy to Crossbridge Energy, we mark the beginning of what could become a new era. The new era, however, requires that legislation recognises that the use of green hydrogen instead of traditional hydrogen contributes to meeting the current displacement requirements for Danish fuels. We hope and expect, of course, that green hydrogen will also gain value, so it is not just an additional cost but truly kickstarts the transformation of the transport sector with large-scale production." says Finn Schousboe, CEO of Crossbridge Energy A/S.

"First production and delivery of hydrogen to the refinery is a major milestone for Everfuel and Crossbridge Energy, which brings us one step closer to realising our vision of a sustainable hydrogen economy. It has been a long and complex journey, but now we are in a position to steadily ramp-up production. I would like to extend my gratitude to all the partners and stakeholders and especially our dedicated employees who have been instrumental in achieving this milestone. Further, I am deeply grateful for our patient partner and offtaker Crossbridge Energy who have been looking forward to receiving hydrogen from Everfuel. Together, we have taken a difficult first step in the green transition. Now society must follow," says Jacob Krogsgaard, Founder and CEO of Everfuel.

HySynergy is a collaboration project between main partners Everfuel and Crossbridge Energy, with district heating operator TVIS as surplus heat offtaker.

Everfuel and Crossbridge Energy will use the coming period to steadily ramp-up production and optimise operations and intend to invite selected VIPs, stakeholders, partners and media to an official inauguration event later this year.

HySynergy I is co-owned with Hy24, the manager of the world's largest hydrogen infrastructure fund, of which Everfuel owns 51% and Hy24 owns 49%.

HySynergy I 20MW is among the largest green hydrogen production projects in Europe and the project is supported with EUR 6.5 million from the Danish Energy Agency and co-funded by the European Union through the Connecting Europe Facility with EUR 3.8 million.

For further information, please contact:

Jacob Krogsgaard, CEO, Everfuel, +45 2871 8945
Mads Tirsgaard Mortensen, Investor Relations Director, Everfuel, mm@everfuel.com, +45 7730 4727
Torben Øllegaard Sørensen, External Relations Advisor, Crossbridge Energy Fredericia, +45 4077 9257

About Everfuel | www.everfuel.com

Everfuel owns and operates green hydrogen infrastructure and partners with industry to connect the hydrogen value chain and seamlessly provide hydrogen to industry and mobility customers. Our strategy focuses on developing and executing large-scale hydrogen production capacities initially in Denmark to supply green hydrogen to a vast and emerging European market, starting with Germany. Green hydrogen, made from renewable solar and wind power, is a 100% clean energy carrier and key to decarbonising industry and transportation in Europe. We are an ambitious company headquartered in Herning, Denmark, with activities in Denmark, Germany, and The Netherlands. Everfuel is owned by founding investor E.F. Holding, Swiss Life Asset Managers, Hy24, and HyVC (a JV by ITOCHU Corporation & Osaka Gas UK, Ltd., subsidiary of Osaka Gas Co., Ltd.), reflecting comprehensive industrial, financial, and commercial competencies committed to Everfuel's mission of a sustainable future.

About Crossbridge | crossbridge.dk

Crossbridge Energy A/S operates the refinery in Fredericia, which supplies 40% of the Danish consumption of liquid fuels such as petrol, diesel and jet fuel. The Crossbridge Energy refinery is among the absolute most energy efficient refineries world-wide and absolute leading in Europe. The refinery thus supplies excess heat for district heating corresponding to the annual consumption of district heating by more than 23,000 ordinary households for the entire Triangle area (TVIS). There are approximately 285 employees in Crossbridge Energy A/S.