Everfuel A/S

EFUEL ME

DK0061414711

Renewable Fuels

Market Closed - Oslo Bors Other stock markets 10:45:00 2024-04-25 am EDT			5-day change	1st Jan Change
9.94 ^NOK	-7.10%		-2.55%	+25.35%

Apr. 18	Everfuel A/S Appoints Yasuhiro Miyata to the Board of Directors	CI
Mar. 05	Everfuel A/S Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Everfuel A/S : signs MOU for hydrogen supply to new zero-emission ship concept

April 08, 2021 at 02:27 am EDT

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.

https://news.cision.com/everfuel-a-s/r/everfuel-signs-mou-for-hydrogen-supply-to-new-zero-emission-ship-concept,c3321540

https://mb.cision.com/Public/19914/3321540/98604fdcec0299c5.pdf

Latest news about Everfuel A/S

Everfuel A/S Appoints Yasuhiro Miyata to the Board of Directors	Apr. 18	CI
Everfuel A/S Reports Earnings Results for the Full Year Ended December 31, 2023	Mar. 05	CI
Everfuel A/S Provides an Update on the Commissioning of the 20 MW HySynergy 1 Electrolyser	Mar. 01	CI
Everfuel Faces Delay in Electrolyzer Start-up Amid Quality Issues	Mar. 01	MT
Everfuel Sells Stake in Hydrogen Hub Agder Electrolyzer Project	Feb. 01	MT
Everfuel and Hy24 A/S Sign Final Agreement on Increased Danish Power-To-X Tender Award	Dec. 15	CI
Denmark Inks Final Deal with Everfuel JV on Revised Tender Award	Dec. 15	MT
Nel Agrees to Divest Everfuel Shares in NOK117 Million Deal	Dec. 12	MT
Everfuel Teams up with Japan's HyVC for Hydrogen Production Development	Dec. 12	MT
ITOCHU Corporation and Osaka Gas Co., Ltd. acquired 13.56% stake in Everfuel A/S (OB:EFUEL) from Nel ASA (OB:NEL).	Dec. 11	CI
Everfuel A/S Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	Nov. 22	CI
Danish Authorities Raise Power-to-X Tender Award to Everfuel, Hy24 Joint Venture	Nov. 20	MT
Everfuel A/S and Hy24 A/S JV Notified as Marginal Winner of the Danish Power-To-X Tender for Production and Supply of Green Hydrogen	23-10-27	CI
Everfuel A/S and Hy24 Complete EUR 200 Million JV for Green Hydrogen Infrastructure in the Nordics	23-09-29	CI
Everfuel A/S Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	23-08-29	CI
Everfuel A/S Provides and Updates on Completion and Commissioning Activities on the 20 Mw Hysynergy Phase 1 Electrolyser in Fredericia, Denmark	23-06-29	CI
Everfuel Grounds Hydrogen Trailer Fleet Following Initial Investigation into Leak	23-06-20	MT
Everfuel A/S Announces Chief Financial Officer Changes	23-06-01	CI
Everfuel A/S Reports Earnings Results for the First Quarter Ended March 31, 2023	23-05-10	CI
Everfuel Names Deputy CEO as Interim CFO	23-03-29	MT
Everfuel A/S Announces CFO Changes	23-03-29	CI
Everfuel A/S announced a financing transaction	23-03-09	CI
Everfuel, Vestische Join Forces to Test New Mobile Hydrogen Refueling Station	23-03-06	MT
Everfuel and Vestische Straßenbahnen GmbH Sign Contract for Pilot Project with the Mobile Refuelling Solution Everfiller	23-03-06	CI
Everfuel Forms EUR200 Million Green Hydrogen Infrastructure JV Fund with Hy24	23-02-28	MT

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Company Profile

Everfuel A/S, formerly Everfuel Europe A/S is a Denmark-based pure-play hydrogen fuel company, establishing, integrating and optimizing the complete green hydrogen value chain. The Company owns and operates hydrogen production (electrolysers), -distribution and -stations, serving mobility customers and industrial stakeholders with hydrogen on competitive, commercial terms under long-term contracts. Everfuelâs project portfolio includes the HySynergy project, that involves the establishment of a 20 MW PtX facility. Its purpose is to establish phase I of a large-scale production and storage of green hydrogen, that will support the reduction of the carbon footprint within the existing Crossbridge Energyâs refinery processes as well as establish a competitive supply of green hydrogen as zero emission fuel for heavy-duty transportation. The Company has several subsidiaries, including Everfuel Netherlands BV, Everfuel Norway AS and Everfuel GmbH.

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Renewable Fuels

Calendar

2024-05-14 - Q1 2024 Earnings Release

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