Herning, Denmark, 12 February 2021 - Everfuel A/S is pleased to announce its
participation in a cooperation developing a European hub for green fuels in
Trekantomraadet, or the Triangle Region, made up of seven municipalities on the
Danish peninsula of Jutland. Everfuel's HySynergy project in Fredericia,
expected to be operational from mid-2022, is a leading facility in the hub and
planning for the Phase II expansion is well underway.

The cooperation, which includes a group of energy and technology companies, plan
to develop industrial scale Power-to-X (PtX) facilities for green hydrogen made
with renewable energy and further processing into ammonia and methanol for use
as green marine and aviation fuels.  In addition to Everfuel, also companies
such as COWI, Orsted, Vattenfall and the Frederica refinery have joined the
cooperation.

"Our HySynergy Phase I 20MW electrolyser under development adjacent to the
Fredericia refinery is an initial core asset for the green fuels hub. With
HySynergy Phase II we plan to take it to the next level with a 300MW
electrolyser, scheduled to be operational by 2025, making the Triangle Region
one of the leading PtX hubs in Europe", said Jacob Krogsgaard the CEO of
Everfuel.

HySynergy Phase II is expected to produce green hydrogen for zero-emission
mobility and as refinery input, but production of ammonia and methanol as PtX
products is also being considered. The Fredericia location is central in the
Triangle Region area, making it a lead project for this shared public and
corporate initiative.

"Together we can develop the industrial solutions required to decarbonize
society and enable zero-emission mobility. We look forward to the cooperation
and to make our home region a Northern European beacon for green fuels through
developing Power-to-X production facilities at scale", Jacob Krogsgaard added.

The initial focus will be to formalize the cooperation. The municipalities and
companies will create a project group to lead the joint efforts as well as seek
public European and Danish funding supporting the green transition activities.



Please find attached the joint press release (Danish language).

For more information on the Triangle Region, visit
https://www.trekantomraadet.com/about/



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.