Norway: Everfuel to acquire H2CO’s hydrogen supply business

The agreement includes two hydrogen fueling stations and hydrogen distribution assets, marking Everfuel’s foray into the Norwegian market.

Everfuel A/S has signed an agreement to acquire H2CO AS, an Uno-X owned company, which has two hydrogen fueling stations and hydrogen distribution assets in Norway.

The deal marks Everfuel’s first step into the Norwegian market, with plans to establish further stations in the country to support private users and enterprise customers with their fleets of taxies, trucks and buses.

The hydrogen stations are located at Hvam, just northeast of Oslo, and in Åsane, just north of Norway’s second largest city Bergen. Everfuel expects to assume operation of the station in Hvam in late 2020 or early 2021, and the Åsane station a few months later, subject to potential impact from the ongoing Covid-19 pandemic and related travel restrictions. Final closing of the agreement is expected in December 2020.

“We have a stated ambition of making green hydrogen commercially available across Europe. Norway plays a key part in reaching that ambition and we are eager to start offering hydrogen to existing and new customers,” says Jacob Krogsgaard, the CEO of Everfuel.

Uno-X is currently carrying out a review and upgrade of the Hvam and Åsane hydrogen stations in cooperation with Nel.

Headquartered in Herning, Denmark, Everfuel offers all-inclusive hydrogen supply and fueling solutions across Europe. The company is active in Norway, Denmark, Sweden, The Netherlands, Germany and Belgium.