Green Fuels for Denmark receives DKK 600 million in IPCEI funding
Herning, Denmark, 16 December 2022 – Today, the Danish government notified that the Green Fuels for Denmark Power-to-X project has received DKK 600 million of funding under the Important Projects of Common European Interest (IPCEI) program. Green Fuels for Denmark is a Copenhagen-based green hydrogen project led by Ørsted. Everfuel A/S participates in the project as the distributor of zero-emission fuel for road transportation.
The funding will go towards realising Green Fuels for Denmark’s first phases of 10 MW, 100 MW and 300 MW megawatt, respectively. A share of the IPCEI funds will be used to part-finance two Everfuel fuelling stations which will offtake green hydrogen produced by Green Fuels for Denmark.
“We would like to gratulate Ørsted and the Green Fuels for Denmark consortium on this major milestone. This is an important project for scaling Power-to-X and for the decarbonisation of mobility in Denmark and Europe. At Everfuel we look forward to participating in bringing the project forward and providing sustainable fuels to the market,” says Jacob Krogsgaard, the CEO of Everfuel.
As stated in a recent press release the Everfuel-led HySynergy project has also been granted IPCEI funding by the Danish government.
Link to press release from Ørsted: https://orsted.com/en/media/newsroom/news/2022/12/13666863
For additional information, please contact:
Mads Tirsgaard Mortensen, Investor Relations Manager, Everfuel, mm@everfuel.com, +45 61 71 56 25
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.
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.