Hynion and Hyundai enter into a cooperation agreement to promote hydrogen infrastructure in Norway

To ensure the availability of hydrogen for their customers, Hyundai Motor Norway
will contribute to the operational costs of Hynion's hydrogen refueling station
at Høvik, outside Oslo. This cooperation is a strategic step towards expanding
Norway's hydrogen infrastructure, reflecting both companies' commitment to a
sustainable, fossil-free future.

Hynion's refueling station at Høvik is currently the only public operating
station in Norway today, which makes it critically important to keep it fully
operational. Hyundai's support will facilitate necessary improvements and
upgrades to ensure the availability of hydrogen. For example, adding a second
refueling line and replacing the payment system. This will more than double the
capacity of the refueling station.

Hyundai is a leading car manufacturer in the development of hydrogen fuel cell
vehicles. They introduced the ix35 Fuel Cell as their first hydrogen-powered
passenger car in 2013, followed by their first hydrogen SUV, the NEXO, in 2018.
In 2020, Hyundai delivered 50 hydrogen-powered heavy-duty trucks to Switzerland,
and now over 100 of these vehicles are operational on Swiss roads. 

This partnership is part of Hyundai's global strategy to promote hydrogen
technology and infrastructure. This strategy is evidenced by several cooperation
agreements with other companies and governments worldwide.

In addition to operating the station at Høvik, Hynion also manages a station in
Porsgrunn, which is currently closed pending re-certification. Hynion is also
exploring opportunities to establish new hydrogen refueling stations.

"We are incredibly pleased and grateful for the support from Hyundai. As a world
leader in the development of hydrogen fuel vehicles, Hyundai's commitment to
supporting our operations at the Høvik station is a testament to their
dedication to a fossil-free future." says Slavica Djuric, CEO Hynion AS.

"For Hyundai Motor Norway, it is of utmost importance that Hynion's hydrogen
refueling station at Høvik can remain open and increases capacity to ensure
seamless functionality and accessibility for our customers. We greatly
appreciate Hynion's business as a hydrogen supplier, and we look forward to an
ongoing close cooperation to promote the increasing use of hydrogen as a fuel
for vehicles," says Seong Woong Suh, CEO Hyundai Motor Norway. 



For more information contact:
Slavica Djuric, 	Seong W Suh
Acting CEO Hynion AS 	CEO Hyundai Motor Norway
Phone: [phone]	Phone: [phone]
Email: [e-mail]	Email: [e-mail]


About Hynion
Hynion builds, owns and operates hydrogen refueling stations in and around the
largest cities in Scandinavia. The company offers hydrogen refueling stations
based on its own technology and decades of experience for turnkey establishment
and operation by interested actors or within the framework of collaborations or
co-ownership. The company's management also has extensive experience in
establishing and running start-ups in hydrogen technology and renewable energy.
www.hynion.com

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