Herning, Denmark, 29. March 2021 - Everfuel A/S has started development of its
second high-capacity green hydrogen fueling station in Copenhagen. The new H2
station will be centrally located in the Danish capital near the H. C. Ørsted
Heat and Power Station.

The facility will initially be operated as a medium capacity H2 station prepared
for expansion as demand increases.

Everfuel has signed a long-term land lease agreement with Ørsted for the site
and has applied for permits to install the initial H2 station and to later
supplement this with a high capacity unit. Subject to completion of the
permitting process, Everfuel expects the station to be operational late in the
second quarter of this year.

"Demand for green hydrogen for zero emission mobility is increasing and our two
existing H2 stations in Copenhagen have operated above 100% utilization for most
of the past month. Last week we broke ground on our first high capacity H2
station in Copenhagen, which is expected to be operational this July, and we
have now decided to go ahead and start developing our second high capacity
site," says Jacob Krogsgaard the CEO and founder of Everfuel.

In January, Everfuel signed an agreement with Ørsted to off-take green hydrogen
from a production facility at Avedøre, making Copenhagen the first high capacity
hydrogen hub for Everfuel.

When the two new H2 stations are fully operational, Everfuel will have 800
-1,000kg/day of 350 and 700 bar pressurized hydrogen dispensing capacity in
Copenhagen to meet demand from large vehicle fleets and heavy-duty trucks and
buses. Everfuel is actively pursuing one to two additional locations for
installation of high capacity H2 stations in the Copenhagen area.

Today, Everfuel serves a growing fleet of hydrogen taxis in Copenhagen with two
older generation hydrogen filling stations with limited capacity, both on
terminated land-leases. One low-capacity filling station will be moved to Korsør
near the Great Belt Bridge and serve as a corridor station, while the current
Korsør station with medium capacity will be relocated to the new Copenhagen
site, facilitating an efficient development and rapid start-up of green hydrogen
dispensing.

For additional information, please contact

Jacob Krogsgaard, CEO, +45 2871 8945

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
fueling 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.