SANDNES, Norway / NANTES, France - 7 June 2022 - Horisont Energi (EURONEXT:
HRGI), a clean energy and carbon transport and storage services provider, and
Lhyfe (EURONEXT: LHYFE), a world pioneer and pure player in renewable green
hydrogen, announce they have entered a memorandum of understanding (MoU) for the
joint development of green ammonia-producing plants in Europe fed by green
hydrogen plants. 

Horisont Energi has already entered into a cooperation agreement with Equinor
and Vår Energi for the development of Barents Blue, Europe's first large-scale
production facility for blue ammonia located in Finnmark in Northern Norway. In
response to the increasing demand for ammonia in Europe, the company has also
signed a memorandum of understanding with the port of Rotterdam to set up a
corridor for transport of blue ammonia from Norway to Rotterdam. Horisont Energi
intends to ship blue ammonia, produced in Northern Norway, from natural gas with
carbon capture and storage, to the port of Rotterdam, where it will be received
for further distribution to meet expected demand in North-western Europe.

Lhyfe is counting among the world's largest and most advanced players in the
green hydrogen market. The company, that connects its production sites directly
to local renewable energy sources to fuel local industry and mobility uses,
already has 93 projects in development in Europe (more than 4.8 GW of total
installed capacity), a first industrial plant inaugurated in September 2021 and
a first offshore plant demonstrator to be inaugurated in September 2022. 

Through this agreement, Lhyfe and Horisont Energi wish to collaborate for the
joint development of solutions to provide renewable green hydrogen to
ammonia-producing plants in Norway and in Europe to supply the ammonia market as
Norway has a very strong maritime sector. A first development project consisting
in renewable hydrogen and green ammonia production plants could be located in
the northern part of Europe. The two companies will also jointly search for
strategic positions in renewable energy in Europe to identify new and existing
project opportunities for industrial scale green ammonia plants. Building upon
the core competency of Lhyfe within the production of renewable green hydrogen
and Horisont Energi's competency within clean ammonia, there is substantial
potential for growth in the partnership.

"We are very pleased to work with Lhyfe, one of the world's largest and most
advanced and innovative players in the renewable green hydrogen market. We see
them as a perfect partner for Horisont Energi. This agreement will help us to
jointly grow within green ammonia in Europe," said Bjørgulf Haukelidsæter
Eidesen, CEO of Horisont Energi.
"This agreement with an innovative producer of clean ammonia in Norway gives us
both the opportunity to develop projects to fuel the green hydrogen development
in Norway, but also to look for joint development of projects to provide new
green ammonia-producing plants in Europe. We are very happy to have reached this
agreement, and we look forward to work with the Horisont Energi team," said
Björn Arvidsson, Area Manager Nordics & UK at Lhyfe.

About Horisont Energi 
Horisont Energi (EURONEXT: HRGI) is a Norwegian clean energy company that
provides clean energy and carbon transport and storage services. The company
will transform natural and renewable gases, water and renewable energy into
cost-leading clean ammonia and hydrogen and offer CO2 transportation and storage
services using proprietary technology, paving the way for a low carbon economy.
The company was founded in 2019 and is headquartered in Sandnes, Norway.
www.horisontenergi.no 

About Lhyfe
Created in Nantes in 2017, Lhyfe produces and supplies renewable green hydrogen
for mobility and industry. Its production plant and its commercial pipeline will
allow access to renewable green hydrogen in industrial quantities and form part
of a virtuous energy model benefitting the environment. It is a member of
Hydrogen Europe, Norwegian Hydrogen Forum, France Hydrogène and several other
organisations. Lhyfe inaugurated its first green hydrogen industrial production
site in September 2021. It currently has 93 projects in its pipeline across
Europe, 20 of which will be in advanced development by 2026, contributing to the
decarbonization of mobility and industry. A research program started in
www.lhyfe.com


For further information, please contact:

HORISONT ENERGI: 
Investor relations
Dan Jarle Flølo, CFO
+47 901 13 159
djf@horisontenergi.com

Media Relations
Siri Melberg
+47 470 35 718
sm@horisontenergi.com

LHYFE: 
Media contact 
Clémence Rebours (Nouvelles Graines) 
+33 6 60 57 76 43
c.rebours@nouvelles-graines.com   

Investor relations
Maria PARDO SALEME, CFO
+33 6 86 96 30 82
maria.pardosaleme@lhyfe.com

Financial press relations
ACTUS
Manon Clairet
+33 (0)1 53 67 36 73
mclairet@actus.fr

Business press relations
Nouvelles Graines
Clémence Rebours
+33 (0)6 60 57 76 43
c.rebours@nouvelles-graines.com