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    EFUEL ME   DK0061414711

EVERFUEL A/S

(EFUEL ME)
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Everfuel A/S : starts hydrogen fueling in Norway with delivery of the Hvam H2 station

06/10/2021 | 11:33am EDT

Herning, Denmark, 10 June 2021 - Everfuel A/S today assumed ownership and operation of the hydrogen fueling station at Hvam, northeast of Oslo, Norway, as the first of two fueling sites acquired in November 2020. This is Everfuel's first hydrogen station in Norway and an important step in realizing the company's green hydrogen fueling strategy for trucks, buses and cars connecting the main traffic corridors in Scandinavia.

The Hvam station has in recent weeks been tested and customers are now invited to take part in continued testing of various systems including payment solutions and data transfer the next few weeks. This means, the station is open to supply green hydrogen, but with a potential for temporary reduced availability. 

"We are very pleased to start supplying hydrogen for zero emission mobility to our customers in Norway. The hydrogen stations at Hvam and Åsane are the first of several planned for the Norwegian market and a confirmation our commitment to be at the forefront of the green transition and a leader in connecting safe hydrogen production, distribution and fueling," says Jacob Krogsgaard, the CEO of Everfuel.

Delivery of fully approved and certified stations by the seller has been delayed throughout 2021 due to Covid-19 travel restrictions. Everfuel and the seller is working to towards hand-over of the second station at Åsane, near Bergen, in the third quarter, subject to Covid-19 restrictions, final approvals and the seller delivering a fully functional station. The delivery of the Hvam station triggers the financial close of the acquisition of the two hydrogen fueling stations and associated distribution assets in Norway from H2CO AS, an Uno-X owned company.

For additional information, please contact:

Jacob Krogsgaard, CEO, +45 2871 8945

Helge Skaarberg Holen, Business Development Manager, +47 9416 0707

 

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.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

https://news.cision.com/everfuel-a-s/r/everfuel-starts-hydrogen-fueling-in-norway-with-delivery-of-the-hvam-h2-station,c3365047

https://mb.cision.com/Public/19914/3365047/97440c7d3fc82504.pdf

(c) 2021 Cision. All rights reserved., source Press Releases - English

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Financials
Sales 2020 0,23 M 0,27 M 0,27 M
Net income 2020 -0,51 M -0,61 M -0,61 M
Net cash 2020 23,0 M 27,3 M 27,3 M
P/E ratio 2020 -17 908x
Yield 2020 -
Capitalization 503 M 599 M 597 M
EV / Sales 2019 -
EV / Sales 2020 3 758x
Nbr of Employees 34
Free-Float 20,0%
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Managers and Directors
Jacob Krogsgaard Chief Executive Officer
Anders M°ller Bertelsen Chief Financial Officer
Mogens Filtenborg Chairman
Uffe Borup Chief Technology Officer
Jeppe Hjuler Mikkelsen Chief Operating Officer
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