Herning, Denmark, 19 March 2021 - Everfuel A/S is pleased to introduce the
company's H2 station roll-out plan for southern Norway with an ambition of
having up to 15 strategically positioned fueling sites for zero-emission
transport of goods and people operational by end of 2023. The plan is part of
the Everfuel's Scandinavian green hydrogen fueling strategy for trucks, buses
and cars connecting the main traffic corridors in Norway, Sweden and Denmark.

Everfuel plans to develop the Norwegian H2 station network in close cooperation
with professional transport sector customers, central and local authorities and
relevant public funding programs supporting energy transition and green
technology development. It will initially cover Norway south of Trondheim and
connect with Everfuel's H2 stations in Sweden and Denmark.

"Everfuel is committed to integrating and optimizing the green hydrogen value
chain at scale for zero emission mobility in Europe. We are taking the lead in
connecting safe hydrogen production, distribution and fueling for end-customers
in our Scandinavian home market. This puts Everfuel at the forefront of the
green transition, but it will require substantial capital investment,
partnerships with end-users and vehicle providers, and public financial
backing", says Jacob Krogsgaard, the CEO and founder of Everfuel.

Development of the Norwegian H2 station network is part of Everfuel's Ramp-up
phase of the announced plan to invest EUR 1.5 billion in developing the green
hydrogen value chain in Europe and reach EUR 1 billion of revenue from sale of
hydrogen fuel to buses, trucks and cars before 2030. Large-scale hydrogen
fueling networks are required for the EU and Norway to meet their climate
targets. Norway's Institute of Transport Economics TØI has estimated a national
requirement for 3,000 hydrogen buses and 7,000 heavy-duty trucks by 2030 to
achieve targeted reductions to carbon emissions. Everfuel is already in close
dialogue with major transport and logistic companies seeking to reduce the
footprint of their operations.

"A massive effort is underway to innovate, pursue scale effects and drive down
costs across the hydrogen value chain and for the end-user vehicles. With the
collective support from governments worldwide this will soon create a self
-sustained profitable industry with hydrogen trucks and buses outperforming
today's fossil technology", adds Jacob Krogsgaard.

Everfuel has mapped out the planned H2 station sites in Norway and will now
accelerate end-customer dialogues to finalize the roll-out plan and optimize
locations based on customer needs and in close cooperation with local
authorities. This will form the basis for securing sites, land-permitting
applications and engaging with public funding programs.

Currently, Everfuel is planning to open one H2 station at Hvam by end of April
and one in Åsane outside Bergen in July 2021, both serving private vehicles. The
openings have been subject to delays due to COVID-19 travel restrictions and
slower-than-expected station approval by authorities. A large H2 station serving
both heavy duty trucks and small cars is scheduled to open at Alna in Oslo in
July 2022. Everfuel is also planning to start filling smaller cars at the Alna
site already from the third quarter of 2021 using a mobile fueling unit. The
next 12-15 sites are planned to be built successively towards the end of 2023.

"These sites are only a starting point for connecting Norway's biggest cities
and meeting demand from professional customers with large vehicle fleets. As the
volume grows, we intend to expand the H2 station network. This is also important
to meet future international demand as hydrogen is expected to replace fossil
fuel on a massive scale and transporters and tourists heading here will require
hydrogen when arriving", says Helge Skaarberg Holen, Business Development
Manager for Everfuel in Norway.

"It is really exciting to finally launch concrete plans so that the trucking
companies, bus operators and taxi owners can negotiate and confirm vehicle
orders and Enova can see the whole industry off to a strong start with their
support", Skaarberg Holen adds.

Please see the attached presentation for more information on Everfuel's
Scandinavian Hydrogen Stations Ambitions 2023, including a preliminary overview
of the 2023 H2 station network locations in Norway.



For additional information, please contact

Jacob Krogsgaard, CEO, +45 2871 8945

Helge Skaarberg Holen, Business Development Manager, +47 9416 0707



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.