Herning, Denmark, 8 April 2021 - Everfuel A/S is pleased to announce the signing
of a Memorandum of Understanding (MOU) with an undisclosed German-Norwegian
shipping company for collaboration on hydrogen supply to a new zero-emission
shipping solution.

The two parties are exploring a cooperation whereby Everfuel will be responsible
for delivery of hydrogen, including planning, installation and operation of an
optimized, scalable fueling solution. The intent is to establish firm contracts
for long-term hydrogen supply and offtake to projects under development by the
undisclosed partner which aims to become a leading zero-emission shipping
company in Europe. Targeted start of operation is early 2023 with an initial
ship, which is expected to consume approximately 1,000 kg of hydrogen per day.

"Today, ships are mainly propelled by maritime diesel engines, which are highly
pollutant. A single large container ship or a passenger cruiser can emit as much
sulfur emissions to the air as 50 million cars in a year. Switching to zero
emission solutions will make a significant difference. We look forward to this
cooperation on pioneering green shipping fueled by hydrogen from Everfuel," says
Jacob Krogsgaard, the CEO of Everfuel.

The two parties are currently developing technical and commercial information
and maturing the commercial and operational framework, including identification
of potential fueling sites and permitting processes required for investment
decision.  Everfuel is well positioned to provide maritime fueling solutions
across Scandinavia and Europe. The company plans to initially supply hydrogen
from its HySynergy facility in Fredericia using a new inhouse developed fueling
solution.

Maritime authorities have started implementing targets for decarbonizing
shipping. The International Maritime Organisation (IMO) has adopted mandatory
measures to reduce Greenhouse Gas (GHG) emissions and completely phase them out
by the end of the century, initially seeking an at least 50% reduction from
international shipping by 2050 compared to 2008 levels. The European Maritime
Safety Organisation (EMSA) plans to cut the EU's transport dioxide emissions by
at least 40% until 2050, measured from 2005 levels.



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.