HydrogenPro ASA

Business and Financial Review • Oct 26, 2022

HydrogenPro's partner, DG Fuels, signs Offtake Agreement with Air France-KLM

HydrogenPro's partner, DG Fuels, signs Offtake Agreement with Air France-KLM

Porsgrunn, Norway, 26 October 2022 - Reference is made to the recent press

releases from DG Fuels and Air France-KLM regarding an Offtake Agreement between

DG Fuels and Air France-KLM. DG Fuels will supply Air France-KLM with 210

million gallons of Sustainable Aviation Fuel. The agreement will last for a

minimum of 10 years, with first delivery expected in 2026. HydrogenPro will

supply its green hydrogen technology with a capacity of at least 839 MW for DG

Fuels' initial production plant in Louisiana, USA

On a 10-year basis, Air France-KLM emissions is expected to be reduced by 4.7

billion kilograms of CO\2\ compared with use of fossil fuels.

"This offtake agreement is yet another important milestone for DG Fuels, and of

equal importance to HydrogenPro as technology supplier. We are proud to play an

active role globally in decarbonising the future", says Richard Espeseth,

interim CEO and founder of HydrogenPro

Decarbonisation is the biggest challenge facing the aviation industry and

gaining a first-mover advantage in the use of Sustainable Aviation Fuel (SAF) is

critical to reducing emissions and take part in the incumbent decarbonisation

due to happen.

The use of SAF can reduce emissions by an average of 80% compared to

conventional fuel and is considered more energy efficient. Hence, it provides

airlines with operational advantages in addition to its environmental

contributions. This Offtake Agreement adds to the slate of recent SAF contract

volumes represents over 90% of total production volumes at DG Fuels Louisiana.

HydrogenPro is proud to play a vital role in supplying DG Fuels with its green

hydrogen technology.

About HydrogenPro:

HydrogenPro is a technology company and an OEM for high pressure alkaline

electrolyser and supplies large scale green hydrogen plants, all ISO 9001, ISO

45001 and ISO 14001 certified. The Company was founded in 2013 by individuals

with background from the electrolysis industry which was established in

Telemark, Norway by Norsk Hydro in 1927. We are an experienced engineering team

of leading industry experts, drawing upon unparalleled experience and expertise

in the hydrogen and renewable energy industry.