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 as to explore
different electrolyser technologies at the Everfuel Tech location.

The testing phase will study the applications of e-fuels as a clean fuel for
mobility, the potential as an aviation jet fuel and for marine applications.
This includes investigating the converting of green hydrogen into methanol in a
reactor via catalysis with carbon dioxide (CO2). Everfuel will supply the
hydrogen from its HySynergy electrolyser while Crossbridge Energy supplies CO2
from its refinery.

The findings will be used for the evaluation of potential future industrial
scale e-fuel production and will explore ways to combine green hydrogen with CO2
and recycled carbon sources for the production of sustainable fuels.

 "Green hydrogen is key to unlocking zero-emission mobility at scale on land, in
the air and at sea. We look forward to working with Crossbridge and Aalborg
University to get more and better data related to e-fuel production, including
how to optimise the processes in relation hydrogen production. Exploring the
synergies provided in this project will be highly interesting, and pave the way
for even better ways to utilise the green hydrogen we produce," said Jacob
Krogsgaard, the CEO of Everfuel.


"New and more sustainable fuels are a key enabler for the transportation of the
future. Now we are investigating the possibilities in e-fuels. It will be an
exciting future of fuels," says Finn Schousboe, the CEO of Crossbridge Energy.


For additional information, please contact

Lea Vindvad Hansen, Investor Relations & Communications Manager, Everfuel A/S,
+45 6183 0205, lha@everfuel.com

Torben Øllegaard Sørensen, External Relations Advisor, Crossbridge Energy A/S,
+45 4077 9257

About Everfuel | www.everfuel.com

Everfuel is making green hydrogen for zero emission mobility commercially
available across Europe, offering competitive all-inclusive hydrogen supply- and
fuelling solutions. We own and operate green hydrogen infrastructure and partner
with vehicle OEMs to connect the entire hydrogen value chain and seamlessly
provide hydrogen fuel to enterprise customers under long-term contracts. Green
hydrogen is a 100% clean fuel made from renewable energy and key to
electrification of the transportation sector in Europe and a sustainable future.
We are a young ambitious company, headquartered in Herning, Denmark, and with
activities in Norway, Denmark, Sweden, The Netherlands, Germany and Belgium, and
a plan to grow across Europe. Everfuel is listed on Euronext Growth in Oslo
under EFUEL.

About Crossbridge Energy A/S

The refinery's vision is to be a CO2 neutral refinery. Today, the refinery
produces about 35 pct of the Danish consumption of fuels - and exports an equal
amount to foreign markets. The refinery is Europe's most energy efficient
refinery and has the logistics and size to scale up the application and
consumption of green hydrogen in Denmark, faster than any other project. The
refinery employs 240 people.