Hynion and Toyota Norway enter into a cooperation agreement to drive the infrastructure for hydrogen in Norway

Toyota Norway and Hynion are now expanding their cooperation, and Toyota is
stepping in with operating support to contribute to Hynion's costs for the
hydrogen refueling station at Høvik. The aid will be used for necessary plant
upgrades and other improvements that will increase the capacity and the
availability of hydrogen at the station.

Toyota is the car manufacturer that has come the furthest in the development of
passenger cars with fuel cells that run on hydrogen. They launched their first
hydrogen-powered fuel cell car, the Mirai, in 2014 and today it is in operation
in many countries and continues to be sold on the global market.

Despite Norway's official investment in hydrogen, the expansion of the
infrastructure has been slow. Currently, there is only one public hydrogen
refueling station in use in the whole of Norway, and it is Hynion's station at
Høvik outside Oslo. Hynion is also awaiting re-certification of its hydrogen
refueling station in Porsgrunn, while looking at opportunities for the
establishment of new hydrogen refueling stations.

"For Toyota Norway, it is imperative that Hynion's hydrogen refueling station at
Høvik can increase capacity and be upgraded to seamless functionally and
accessibility for our customers. We really appreciate Hynion's business as a
hydrogen supplier, and we look forward to an ongoing solid cooperation in order
to bolster that hydrogen is becoming progressively used as fuel for vehicles,"
says Espen Olsen, Chief Information Officer Toyota Norge.

"We are incredibly grateful for Toyota's support. Expanding the hydrogen
infrastructure is a challenge that requires large investments. At the same time,
the number of passenger cars and heavy vehicles that run on hydrogen is limited,
thus the demand for hydrogen is still relatively low. If we are to reach the
climate goals, then we all need to help drive development," says Slavica Djuric,
CEO of Hynion AS.


For more information contact:
Slavica Djuric, 	Espen Olsen
Acting CEO Hynion AS 	Chief Information Officer Toyota Norge AS
Phone: [phone]	Phone: [phone]
Email: [e-mail]	E-post: [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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