Danish green hydrogen player Everfuel has revealed it will decommission its “unprofitable” legacy hydrogen refuelling stations for cars as it refocuses on green hydrogen production.

The company in its Q2 2023 financial results said it would prioritise the development of green hydrogen production capacity and reduce refuelling network investments by high grading its hydrogen station portfolio.

Despite highlighting success and progress with its HySynergy production project in Frederica, Denmark, Everfuel founder and CEO, Jacob Krogsgaard, said, “The mobility market is set to remain sub-scale for some time.”

“Therefore, we will restructure our station network, including discounting unprofitable refuelling stations used for car fuelling and adjusting our downstream organisation to a lower activity level,” he said.

“We apologise for the inconvenience this will create for customers and employees, but we cannot continue to subsidise public hydrogen refuelling,” Krogsgaard added. “We will continue to honour existing firm supply contracts.”

In June (2023), Everfuel grounded its hydrogen trailer fleet that supplies refuelling stations following the malfunction and leak of a valve on one of the 12 trailers.

Everfuel, in its results, said the events and the “continuous low technical uptime” of existing refuelling stations reflected “still immature hydrogen technology,” adding it would seek to share lessons learned with relevant industry forums.

However, the company will continue to develop refuelling sites intended for heavy-duty truck and large vehicle fleets under the EU’s now adopted Alternative Fuel Infrastructure Regulation (AFIR), which aims to establish at least 667 hydrogen stations by 2030 across member states.

“Everfuel will align its plan for developing strategically located hydrogen refuelling stations to the new regulation,” the company said, adding that sites with high capacity and modular scaling potential already under development or controlled by Everfuel will be in its focus.

Such sites include Port of Aarhus, Taulov and Vordingborg in Denmark; Alnabru in Norway, Trelleborg and Karlstad in Sweden; and the Frankfurt and Wuppertal bus stations in Germany.

The company has stressed financial investment decisions (FIDs) on future heavy-duty stations developments remain subject to availability of vehicles, capable station hardware, customer commitments and public financial backing.

Everfuel revealed a total income of €2.06m ($2.2m) in Q2 2023, up from €456,000 ($486,600) during the same period of 2022. It said direct revenue from hydrogen sales amounted to €282,000 ($300,900), up 3% from the same 2022 period.

資料來源：H2view