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    EFUEL ME   DK0061414711

EVERFUEL A/S

(EFUEL ME)
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Everfuel A/S : HySynergy electrolyser nominated for potential EU IPCEI Grant

06/21/2021 | 02:52am EDT

Herning, Denmark, 21 June 2021 - Everfuel A/S is pleased to announce that the company's HySynergy Phase II electrolyser development in Fredericia is one of six projects nominated by the Danish Business Authority for participation in a large-scale EU funding project to kick-start a European market for green hydrogen and contribute to the green transition across sectors and industries. Everfuel is also a project participant in two of the other nominated projects, Blue Seal and Green Fuels for Denmark.

The pan-European Important Project of Common European Interest (IPCEI) aims to contribute to the development of renewable hydrogen in the EU which can compete with the use of fossil fuels in industry and transport and help reduce carbon emissions.

The nominated projects will go through a European matchmaking process to clarify how they fit into a common value chain and whether they can be included in the establishment of an IPCEI across the member states. The Danish Government has allocated DKK 850 million for the Danish participation. The final participation in the pan-European hydrogen project, and thus their decision on state aid, will depend on the matchmaking process and the European Commission's final approval.

Please see the press release (in Danish) from the Danish Business Authority for more information:

Danish Business Authority - Link to IPCEI press release

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/hysynergy-electrolyser-nominated-for-potential-eu-ipcei-grant,c3370941

https://mb.cision.com/Public/19914/3370941/8cd7ab120850ff58.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 -0,60 M -0,60 M
Net cash 2020 23,0 M 26,9 M 26,9 M
P/E ratio 2020 -17 908x
Yield 2020 -
Capitalization 407 M 481 M 478 M
EV / Sales 2019 -
EV / Sales 2020 3 758x
Nbr of Employees 38
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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