© 2003-2014 H2 Logic A/S | www.h2logic.comCONFIDENTIAL Page 1

H2 Logic – Corporate presentation

CONFIDENTIAL

H2

Making hydrogen happen…

© 2003-2014 H2 Logic A/S | www.h2logic.comCONFIDENTIAL Page 2

H2Station® Hydrogen refueling stations for vehicles

About H2 Logic A/S

Experienced: Established in 2003 – 37 employees – 10 years experience.

Independent: Owned by original founders & board of directors.

Profitable: Since 2003 – all profit invested in continued growth.

Dedicated: Focused on R&D and manufacturing of H2Station®.

Leading: Installed 40% of all hydrogen refueling stations in Europe in 2013.

Performance: Fast refueling of long range and operation availability above 98%.

Recommended: Used for refueling of vehicles from leading car manufacturers.

© 2003-2014 H2 Logic A/S | www.h2logic.comCONFIDENTIAL Page 3

H2Station® references

Previous

Operation

Pending

H2Station® 70MPa | 6 units (2011-2013)

H2Station® 25-35MPa | 9 units (2008-2013)

2008-2014: 12.250 kg / 9.680 refueling (by May 2014)

Q1 2014: 1.700 kg / 1.100 refuelings

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2011 Holstebro (DK)

One-time project HRS

2011 Gaustad Oslo (NO)

Prototype productH2Station® CAR-100

2012 Lillestrøm (NO)

2012 Moveable (EU)

One-time project HRS

2013 Copenhagen (DK)

Standard productH2Station® CAR-100

One-time project HRS

Lessons learned

H2Station® 70MPa R&D time-line

Since 2011 H2 Logic has tested new 70MPa technology on several “Project HRS’s”.

Lessons learned provided input for the launch of the H2Station® CAR-100 Product in 2012.

First CAR-100 installed June 2013 - Order backlog of several CAR-100 for installation in 2014.

Hydrogen refueling (70MPa) conducted on FCEV’s from four major car manufacturers.

2011-2014: 5.660 kg / 2.380 refuelings (70MPa SAE J2601 -40°C pre-cooling)

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H2Station® CAR-100 in Copenhagen

• Opened in June 2013 – used by up to 20 Hyundai iX35 FCEV’s

• One of Europe's most busy and available 70MPa hydrogen refueling stations

• Following slides presents recent KPI and performance results

CASE: H2Station® Copenhagen

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Refueling quantity - 12 monthsCASE: H2Station® Copenhagen

• June 2013 – May 2014: 1.720 kg / 524 refuelings

• Average per month: 143 kg / 44 refuelings

• Peak month – Oct. 2013: 200kg / 55 refuelings

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H2Station® central monitoring

Operation

Pending

H2Station® ServerLive data transfer

Remote access

Manual analysis of KFI & solving of alarms

Automated data/failure analysis & generation of KFI/KPI

KFI = Key Failure IndicatorsKPI = Key Performance Indicators

Manual/automated generation of KPI reports

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A staged approach that coordinates HRS network & FCEV roll-out and ensures public support

Extensive national market FCEV/HRS planning & modeling ongoing on continuous basis

10 stations / €14 million50% public CAPEX support

FCEV test fleets

Up to 185 stations / €227 millionPublic CAPEX & OPEX support

~110.000 FCEV’s by 2025 (4,5%)

~450-1.000 stationsCommercial market terms

~50% FCEV of car fleet by 2050

2013-2015 Country-wide network

2016-2025 Build-up of critical volume

2025-2050 Commercial deployment

Danish HRS Network plans

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• Aiming for introduction of FCEVs and hydrogen infrastructure during 2014-2027

• Toyota, Nissan, Honda, Hyundai and eight Nordic organizations & companies

• Joint planning process initiated onwards 2015 market introduction

Nordic MoU on marked introduction

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Bilproducenters planer for brintbiler

Pre-production Introduction

2015

IntroductionDemonstration

Demonstration Introduction Introduction

2020+

Demonstration

2017

Introduction Potential introduction

Demonstration Potential introduction

Potential introduction

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POWER-GRID - 100% Renewable Energy

FOSSIL INDEPENDENCE WITH ELECTRICITY, HYDROGEN & BIOMASS

Battery Electric Vehicles

GAS-GRID – Storage for renewable energy

PASSENGER CARS100% fossil independent

Biofuel

Hybrid vehicles

Biogas & RE-gasses

HYDROGENIncreases

biomass potential

BALANCINGRenewable Energy

GAS & FUELPRODUCTION

Biomass

DISTRICT HEATING

POWER & HEATPRODUCTION

HEAVY DUTY TRANSPORTPrioritized for

biomass

• 100% in power & heat by 2035 (today >50%) | 100% in transport by 2050 (today <1%)

Fuel Cell Electric VehiclesHYDROGEN

PRODUCTION

Political goal of 100% renewable

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Vedvarende energi

ElektrolyseVand

Oxygen/luft

Lager

Hydrogen

Brændselscelle

Vand

Varme

Strøm

Energi til transport Strøm & Varme

Teknologier i brintkæden

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Brændstof som VE buffer

• 5kg brint i tanken = 160kWh energy = 3% af privatforbrug af strøm i husstand

• 5kg brint = 600-800km rækkevide.

• Regulering af brugeradfærd kan ske ved at regulere brintprisen med 10-20%

• Brintstationer kan sammen med gas-net fungere som lager for VE

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End of presentation

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