H Y D R O G E N I N F R A S T R U C T U R E I N N O R W A Y ,

G A S S K O N F E R A N S E N , 2 6 . M A R C H , 2 0 1 4

U L F H A F S E L D , C E O H Y O P

HYOP

HYOP AS is an independent company dedicated to bring hydrogen fuel to the market

HYOPs mission is to own and operate hydrogen refuelling stations and hydrogen production facilities

HYOP shall be a tool for implementing hydrogen fuel in the transport segment

Signing the take over from Statoil May 8, 2012

HYOP has 10 years of experience with hydrogen stations and is now operating more than 20% of the 70

MPa car stations in Europe

The ZEV story

• Your fossil fuelled car will be replaced with a zero emission vehicle that will be as good as, or better than your current

• The fuel you consume will be produced from renewable resources and will be available at convenient locations

Strong incentives in place for ZEV cars in Norway

Already in place for BEV and FCEV

Zero import duty and VAT

Free public parking (and charging)

Free toll roads

Free ferry trips on public roads

Use of public transport lanes

90 % reduction in annual fee

50 % value reduction before taxation when used as company cars

No taxation on hydrogen fuel Avoiding queue driving in the bus lane

Requirements for the hydrogen infrastructure – seen form a user perspective

• The hydrogen stations will always provide me with the hydrogen fuel I need

• The cost of my hydrogen fuel will be no higher than what I pay for fossil fuels

• The network of stations will suit my needs

Present status for Hydrogen in Norway

Hydrogen stations in oper-ation in Norway since 2006

5 stations for cars and one for buses in operation

19 cars + one station taken out of service after doing their duty

15 FCEVs + 5 PFCEV + 5 buses in service

Norwegian oil companies left down-stream business New independent hydrogen station

company formed – HYOP

Regions are becoming strong actors

The HYOP station network

Owner and operator of four hydrogen stations in Eastern Norway

Operating agent for the HyNor Lillestrøm station

Porsgrunn In operation since 2007 Capacity 130 kg/day 350 bar car/bus 700 bar

Drammen In operation since 2009 Capacity 20 kg/day 700 bar

Oslo - Økern In operation since 2009 Capacity 20 kg/day 700 bar

Oslo - Gaustad In operation since 2011 Capacity 20 kg/day 700 bar

Requirements for new stations

Building the permanent infrastructure

RD&D stations a side track, but still important

Finding the right locations growing in importance

Robustness and reliability are key drivers

The stations must deliver 24/7

Redundancy and independent supply lines

Building supply lines for high volumes

The stations must be built to supply 300 to 2000 kg/d

Cost efficient hydrogen supply lines will be developed

Adapting to international standards

Hydrogen Fuel

OPEN 24 Hours

Water electrolysis gives many right answers

Linking directly to renewable power

On-site or centralised production

Utilising existing infrastructure

Power and water grids

Gas quality is right

Few impurities and easy to control

Cost picture looks good in Norway

Business model mainly depending on volumes

Energy conversion efficiency can be high

> 70 % possible

Atmospheric electrolyser

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Design > container unit

8.0

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Tube unit 2 x 2m

Tube ø 600 Ventilation fans

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Cladding panels

backlit with LED

Design > container cladding

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Design > outer shell

Peforated sinus

cladding with light

edge

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Design > outer shell with pump island

Modular build up with on-site production

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HIGH PRESSURE 2

HIGH PRESSURE 3 CONTROL ROOM

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Can we have a viable business model?

Capex most important in the early years

Period for volume build-up determines years before ROI

Power price determines your profitability

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Financials for 1000 kg/day on-site electrolysis station

Accumulated operating result Accumulated result Accumulated result after financial costs

Current location of stations

Drammen 2009

Økern 2009

Gaustad 2011

Lillestrøm 2012

Oslo bus 2012

Porsgrunn 2007

160 km SW

Introducing next generation of stations

Drammen 2009

New Økern 2015

Lillestrøm 2012

Oslo bus 2012

Høvik 1Q15

Porsgrunn 2007

160 km SW

Bergen 2015

500 km W

Gol 2016

(old Økern+)

200 km NW

Plan for southern Norway

Phase II – 10 000 cars (2020)

20 – 25 stations needed

Large capacity stations with on-site electrolysis the preferred solution

Focus in the Oslo region with stations outside in main cities and key locations

Phase III – 100 000 cars (2025) 70 - 100 stations needed

On-site large stations

Smaller stations with supply from central or on-site production

Potential network by 2020

Renewable power production in Norway

Annual production of renewable power in Norway in 2012 was 145 TWh

Share needed for 1 million cars is 5 % of total production

Plan to phase in 10 – 20 new TWh over the next decade Renewable power will be abundant in the years ahead

97 % of all electricity from hydropower

The Hydrogen cars are coming!

Thank you for your attention

Thanks to HYOP sponsors:

OSLO

Kommune

The new Hyundai ix35 already on the roads in Norway