Herning, Denmark 28 February 2022 - The Nordic Hydrogen Partnership (NHP) has
been granted financing by Nordic Innovation - extending its heavy-duty hydrogen
transport collaboration project in the Nordic countries.

From the beginning of 2022, Nordic Innovation has granted NHP and partners
funding to continue and broaden their activities to push deployment of heavy
-duty hydrogen vehicles and infrastructure through the Next Wave project (Next
Nordic Green Transport Wave - Large Vehicles), as a part of the Nordic Smart
Mobility and Connectivity program.

The Norwegian Hydrogen Forum, Hydrogen Sweden, Hydrogen Denmark, Icelandic New
Energy, VTT Tech. Research Finland, and Kunnskapsbyen Centre of Innovation, will
be partnering up with Everfuel in this second phase of the project.

"We are very excited to have Everfuel join us in the coming phase of Next
Wave. The project will now be able to give a special contribution to the
hydrogen infrastructure for larger vehicles, by facilitating the development of
a mobile hydrogen refuelling station," says Next Wave's project manager,
Ingebjørg Telnes Wilhelmsen, CEO at the Norwegian Hydrogen Forum - Norsk
Hydrogenforum

Insight gained on the Nordic heavy-duty hydrogen value chain

During Phase 1 of the project, the heavy-duty hydrogen vehicle value chain from
a Nordic perspective was emphasized resulting in publicly available
reports (http://www.nordichydrogenpartnership.com/nextwave/rapporter/) and an at
-hand key hydrogen insight toolbox intended for politicians, public authorities,
leaders, and hydrogen stakeholders.

As a result, we have gained an updated insight on the Nordic hydrogen activities
and development, revealed hydrogen transport issues due to the ununiform
national regulations, and prepared the ground for an enlightened roll-out of
heavy-duty vehicles while at the same time revealing the need for further
education / influencing of the Nordic premise setters - which will be addressed
in Phase 2 of the project.

Low-cost testing of hydrogen vehicles

Everfuel will join the project partnership and take the lead in developing a
mobile hydrogen refuelling station (HRS). The company will design a mobile HRS
that will increase the hydrogen availability which gives potential customers the
opportunity to test green hydrogen as an alternative fuel before making heavier
investment decisions.

The mobile HRS enables the expansion of a hydrogen infrastructure while at the
same time minimizing customers' and end-users' costs for a temporary or
permanent hydrogen refuelling station.

As the HRS can be moved and relocated as required, the station can initially be
used as a test station and serve as initial infrastructure for first-time green
hydrogen users. Later, when a customer decides to invest in a fixed station, the
mobile HRS can be easily relocated or used as backup to safeguard hydrogen
availability on-site or in the area.

"Being able to offer a more flexible hydrogen solution is something we truly
look forward to. We believe that it will lower the barrier for some customers
when transitioning to hydrogen, and it allows for a hydrogen solution in places
where a station is not the optimal solution. We are proud to be a part of Next
Wave II which enables us to take yet another step towards a decarbonised Nordic
Region," says Jacob Krogsgaard, CEO at Everfuel.

EU incentives accelerate development

The deployment of FCEV (fuel cell electric vehicles) heavy trucks is expected to
accelerate rapidly aided by EU incentive programs, regulatory changes, and
increasing CO2 tariffs. In the Alternative Fuels Infrastructure Regulation
(AFIR), that will be decided during 2022, it is required from the EU-member
states to build a hydrogen infrastructure for trucks and other vehicles.

The Next Wave partnership will work closely with truck manufacturers, hydrogen
infrastructure providers, truck owners, and related projects, to track and
update the development and deployment of heavy-duty hydrogen vehicles in Europe
focusing on trucks, buses, and heavy machinery.

In the coming years, it is expected that the deployment of trucks will increase
in line with the hydrogen infrastructure expansion in the Nordic Region. The
project partnership aims to produce facts and insights that will facilitate
deliveries of such vehicles to the Nordic countries and to support the cross
-border infrastructure plans.

Addresses pressing challenges

Nordic Innovation believes that Next Wave II has the potential to contribute to
transforming mobility through further developing a solid Nordic hydrogen
ecosystem.

"During the first phase of the project the Nordic partners have built a strong
knowledge base and developed a joint understanding. We want to see Next Wave II
succeed and have therefore decided to continue our support of the project," says
Nina Egeli, Senior Innovation Adviser and Head of Nordic Green Mobility at
Nordic Innovation.

By involving industry players in developing and implementing innovative
solutions and business models, the new project aims at realising ambitions that
are highly relevant to the overall Nordic vision of becoming the worlds's most
integrated and sustainable region by 2030.

"The Next Wave project addresses some of today's most pressing challenges in the
mobility field - how to decarbonise heavy duty vehicles and thus contribute to
overall sustainability goals, while at the same time creating new opportunities
for Nordic businesses, says Nina Egeli.

Project contacts:

Norsk Hydrogenforum, Ingebjørg Telnes Wilhelmsen, itw@hydrogen.no, hydrogen.no

Kunnskapsbyen Centre of Innovation, Jon Eriksen, jon@kunnskapsbyen.no,
kunnskapsbyen.no

Hydrogen Sweden, Björn Aronsson, bjorn.aronsson@vatgas.se, vatgas.se

Icelandic New Energy, Jón Björn Skúlason, skulason@newenergy.is, newenergy.is

VTT Tech. Research Finland, Jari Ihonen, jari.ihonen@vtt.fi, www.vttresearch.com

Hydrogen Denmark, Tejs Laustsen Jensen, tlj@brintbranchen.dk, brintbranchen.dk

Everfuel A/S, Lea Vindvad Hansen, lha@everfuel.com, www.everfuel.com

Nordic Innovation, Nina Egeli, n.egeli@nordicinnovation.org,
www.nordicinnovation.org

Nordic Innovation is an organization under the Nordic Council of Ministers that
works to promote sustainable growth, entrepreneurship, innovation, and
competitiveness in Nordic business. The Nordic Council of Ministers is the
official intergovernmental body for cooperation in the Nordic region. The
regional cooperation includes 26 million inhabitants in Norway, Sweden, Denmark,
Finland, and Iceland, as well as the autonomous areas of Greenland, the Faroe
Islands, and Åland.

The goal of NHP's business venture Next Wave - assisted by Kunnskapsbyen Centre
of Innovation and Everfuel A/S - is to stimulate the globally leading hydrogen
technology companies in the Nordic region to establish the world's first
expansion of hydrogen infrastructure for larger vehicles, in order to accelerate
a greater roll-out of hydrogen trucks and buses. For more information about the
project and Phase I results, please consult
www.nordichydrogenpartnership.com/nextwave/.