EverFuel signs green hydrogen contract with Ørsted - Stock tips and tricks
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EverFuel signs green hydrogen contract with Ørsted

EverFuel signs green hydrogen contract with Ørsted

Press release:
Everfuel signs green hydrogen contract with Ørsted
Herning, Denmark, 20 January 2021 – Everfuel A/S has signed a contract with Ørsted for the offtake and distribution of
green hydrogen to zero-emission mobility, produced at the H2RES demonstration project on Avedøre Holme in
Copenhagen, Denmark.
The contract was signed as Ørsted announced its final investment decision for the H2RES project’s electrolyzer facility,
which will be the company’s first renewable hydrogen project utilizing offshore wind power to produce green
hydrogen. The facility will have a capacity of 2MW, producing up to around 1,000 kg of renewable hydrogen per day
with an expected start-up in late 2021.
Everfuel will build and operate a compression and trailer-fill facility next to the
electrolyzer. The hydrogen will be distributed to end-users via Everfuel’s network of fueling stations in Copenhagen
and Zealand.

EverFuel signs green hydrogen contract with Ørsted

“Green hydrogen will play a pivotal role in decarbonizing our society.
We are therefore very pleased to advance our
good collaboration with Ørsted, a global leader in renewable energy, to further develop and commercialize the
sustainable hydrogen value chain for zero-emission mobility”, says Jacob Krogsgaard, the CEO and founder of Everfuel.
Everfuel is investing in hydrogen trailers and a new high-capacity hydrogen fueling station in Copenhagen to serve the
an increasing fleet of hydrogen taxies and the initial fuel-cell buses operating in and around the Danish capital, as well as
prepare fueling availability for further light- and heavy-duty fuel cell vehicles in the region.
The Energy Technology Development and Demonstration Programme (EUDP) under the Danish Energy Agency has
previously awarded DKK 34.6 million for the development of the H2RES project to Ørsted, Everfuel, NEL Hydrogen,
Green Hydrogen Systems, DSV Panalpina, Hydrogen Denmark, and Energinet Elsystemansvar.
For additional information, please contact
Jacob Krogsgaard, CEO, +45 2871 8945

EverFuel signs green hydrogen contract with Ørsted

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.
About Ørsted | www.orsted.com
The Ørsted vision is a world that runs entirely on green energy. Ørsted develops, constructs, and operates offshore and
onshore wind farms, solar farms, energy storage facilities, and bioenergy plants, and provides energy products to its
customers. Ørsted ranks #1 in Corporate Knights’ 2020 index of the Global 100 most sustainable corporations in the
world and is recognized on the CDP Climate Change A List as a global leader on climate action.
Headquartered in
Denmark, Ørsted employs 6,120 people. Ørsted’s shares are listed on Nasdaq Copenhagen (Orsted). In 2019, the group’s
revenue was DKK 67.8 billion (EUR 9.1 billion).

More articles about Everfuel

Frank Egsgaard-Fjord
coj@e-fjord.dk

www.linkedin.com/in/frank-egsgaard-fjord