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Beskrivning

LandDanmark
ListaEuronext Growth Oslo
SektorEnergi & Miljö
IndustriMiljö & Återvinning
Everfuel är ett danskt bolag verksamma inom energisektorn. Bolaget är en utvecklare av produkter och tillhörande tekniska system för vätgasförsörjning och tankningslösningar för tunga fordon och industriella aktörer. Bolaget innehar etablerade distributionsanläggningar runtom den globala marknaden, med störst närvaro inom Norden och Europa.
2021-02-09 08:30:11
Herning, Denmark, 9 February 2021 - Everfuel A/S signed a contract with Howden
for the delivery of hydrogen compression to Everfuel's green hydrogen production
facility under development adjacent to the Fredericia refinery in Denmark.

Howden has been selected to deliver a hydrogen compression solution for
Everfuel's green hydrogen production facility. Hydrogen compression is the
second-most critical component of the 20 MW hydrogen HySynergy facility under
development at Fredericia after the alkaline electrolyser, which is supplied by
NEL. The compression solution is scheduled to be delivered in early 2022 and the
contract value is just below EUR 2 million.

"This is the second major contract we have awarded to develop our own green
hydrogen production at the HySynergy electrolyser. We have worked closely with
Howden and Nel to optimize plant design and ensure we integrate and utilize the
compressors in the most cost-efficient manner, and thereby reducing the total
cost of the electrolyser installation," said Jacob Krogsgaard, CEO of Everfuel.

CEO of Howden, Ross Shuster, stated: "This cooperation with Everfuel
demonstrates Howden's capabilities in developing and delivering technology
solutions to support our customers' vital processes which in turn contribute to
a more sustainable world. Through close cooperation with Everfuel and NEL, who
are innovators in the development of green hydrogen infrastructure, we provided
a compression solution which seamlessly integrated into Everfuel's hydrogen
production infrastructure, helping to provide a competitive and sustainable
alternative to other more carbon intensive energy sources. "

The facility setup is non-contaminating and has redundancy, meaning that the
electrolyser facility will be able to operate on partial load, even if one
compressor is out for maintenance. The Howden compressors are designed for low
maintenance and high availability. Hydrogen compression typically represents the
biggest share of maintenance cost for electrolyser facilities.

When fully operational in mid-2022, the Fredericia facility will have a
production capacity up to 8 tons per day of green hydrogen, made from renewable
wind power, with 10 tons of storage capacity. Everfuel is responsible for the
EPC-work (engineering, procurement and construction), including storage and
distribution facilities.

"We have an experienced Everfuel team working on optimizing the facility layout.
The close cooperation with Howden to improve the total electrolyser installation
confirms the additional value we can generate by assuming EPC responsibility.
Howden and Everfuel intend to make this solution a standard offering for 20MW
installations with low pressure electrolysers, and we are exploring the
possibility of expanding the cooperation to potentially include up to 100MW
electrolyser solutions as well, which would fit well with the three units we are
considering for the planned Phase II development at HySynergy," said Jacob
Krogsgaard.

Everfuel's total investment for developing the Fredericia facility is estimated
at around EUR 20 million, which is approximately 50% financed by public Danish
and EU funding programs. Everfuel has a 10-year offtake agreement with the
Fredericia refinery for base load hydrogen offtake for use in the refinery
process. The remaining hydrogen will be utilized in Everfuel's expanding
distribution and fueling network.



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.

About Howden | www.howden.com

Howden is a leading global provider of mission critical air and gas handling
products. We enable our customers' vital processes which advance a more
sustainable world. Based in Glasgow, Scotland, Howden has over 160 years
heritage as a world-class application engineering and manufacturing company with
a presence in 34 countries. Howden manufactures highly engineered fans,
compressors, heat exchangers, steam turbines, and other air and gas handling
equipment, and provides service and support to customers around the world in
highly diversified end-markets and geographies. Since October 2019, Howden has
been a portfolio company of KPS Capital Partners.

Contact details, Howden: Pauline.Boyne@howden.com