Aker Clean Hydrogen today published results for the fourth quarter of 2021,
showing the company has increased its portfolio of projects and prospects
currently under development to 2 GW.

Industrial scale clean hydrogen has a clear path towards cost-competitiveness by
2030. Several of the company's projects placed in favorable locations in Norway
and South America show attractive cost levels, matching offtakers' price
expectations.

Aker Clean Hydrogen was launched in February 2021 and has since developed
several industrial projects with planet-positive impact together with
established players like Yara, Statkraft and Shell.

"Entering 2022, we are well-positioned to realize some truly exciting industrial
projects contributing to the decarbonization of hard-to-abate sectors like
shipping, steel and agriculture, and enabling green export opportunities from
Norway to Europe," said Knut Nyborg, Chief Executive Officer of Aker Clean
Hydrogen.

Company highlights since last quarter included:

  · Key project developments:
    · Hegra green ammonia project feasibility phase completed