Fredericia, Denmark, 16 August 2023 - Today Minister of Industry, Business and
Financial affairs, Morten Bødskov visited HySynergy to discuss green fuels and
the next big export adventure, hydrogen. On- and offshore renewable energy
combined with Power-to-X and the production of green fuels can become the next
big export adventure supporting finance Denmark's welfare society for
generations to come, says Everfuel and Crossbridge Energy.

Minister Morten Bødskov was introduced to how hydrogen already today can be sent
through the direct pipeline connected between the producer, Everfuel, and the
customer, Crossbridge Energy. The small hydrogen pipe can deliver more than 8
tons of hydrogen per day to the refinery which can be used to make traditional
fuels greener, as well as to produce green fuels for e.g., air and shipping.

"Denmark has a unique position to become Northern Europe's green epicentre. In a
few years, the goal is for us to produce more green electricity than we can use
ourselves. HySynergy is a shining example of how the hydrogen producer and
consumer are connected. We must succeed in this on a larger scale to unleash a
Danish export adventure in hydrogen. The government has already taken the first
initial steps towards a joint hydrogen pipeline between Denmark and Germany. We
must take advantage of our green leadership position in the world and deliver
the climate-friendly solutions which other countries seek," says Business
Minister Morten Bødskov

"We are on the verge of a new and greener future. Hydrogen is the key to
producing green fuels, which requires large-scale hydrogen production, and
HySynergy shows the way to the future. Hydrogen pipeline infrastructure is
absolutely essential for scaling needed to continue and accelerate the green
transition," says Finn Schousboe, CEO Crossbridge Energy A/S.

"With Denmark and Germany's agreement on a joint hydrogen pipeline, it is clear
that the government and supporting parties recognise Denmark's unique position
within green hydrogen and the importance of a hydrogen infrastructure in the
energy transition. It is vital for Denmark and first-movers that a competitive
hydrogen pipeline infrastructure is established without many expensive
intermediaries if we as a society are to leverage our unique potential. Everfuel
will be ready to deliver large quantities of hydrogen into the pipeline network
to domestic and international end users, and now is the time to make the
required political push to cultivate the connection to the German customers so
the industry in Denmark can make the necessary investment decision on the
production capacity," says Jacob Krogsgaard, CEO and founder of Everfuel.

A Danish copy of this press release available at www.everfuel.com

For further information, please contact:

Mads Tirsgaard Mortensen, Investor Relations Manager, Everfuel, +45 7730 4727

Torben Øllegaard Sørensen, External Relations Advisor, Crossbridge Energy
Fredericia, +45 4077 9257

About Everfuel | www.everfuel.com

Everfuel is making green hydrogen for zero emission industry and mobility
commercially available across Europe, offering competitive all-inclusive
hydrogen supply and fuelling solutions. We own and operate green hydrogen
infrastructure and partner with industry and 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 energy
carrier made from renewable solar and wind power and key to decarbonising
industry and transportation in Europe. We are an ambitious, rapidly growing
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 Crossbridge | www.crossbridge.dk

Crossbridge Energy A/S operates the refinery in Fredericia, which supplies more
than 35% of the Danish consumption of liquid fuels such as petrol, diesel and
jet fuel. The Crossbridge Energy refinery is Europe's leading refinery in energy
efficiency and No. 3 worldwide. The refinery thus supplies excess heat for
district heating corresponding to the annual consumption of district heating by
more than 23,000 ordinary households for the entire Triangle area (TVIS).
Crossbridge Energy has engaged in a number of projects within more sustainable
fuels such as utilization of sewage sludge for crude oil base and greener jet
fuel. The ambition for Crossbridge Energy A/S is to become a climate-neutral
refinery in 2035. There are approximately 270 employees in Crossbridge Energy
A/S.