Everfuel - Hydrogen Station in Europe

[jaska7]

This certainly deserves its own thread, and perhaps it’s good to start it only now, heading into the weekend.

EverFuel was spun off from the Norwegian company NEL Hydrogen a while ago, and people with a strong NEL background are heavily involved (NEL acquired a company called H2Logic in 2015). EverFuel’s purpose is to build a hydrogen fueling station network and related infrastructure. I’ll once again use material from their company presentation.
This image perfectly summarizes the idea behind Everfuel.

Very ambitious goals, as is the case with practically every hydrogen company.

Their website can be found here: https://www.everfuel.com/
IR section: https://www.everfuel.com/investor/

The latest company presentation is here: Everfuel-Company-Presentation_webcast_1020(3).pdf (3.3 MB)

Stock information

As you can see, ownership is quite concentrated, and the “free” shares are quite limited.

EverFuel has been discussed briefly in the energy thread: https://keskustelut.inderes.fi/search?q=Everfuel%20topic%3A2568

And in NEL’s thread: Tulokset hakusanalle 'Everfuel topic:5959' - Inderes forum

I intentionally kept the opening post short. If you are genuinely interested in the company, I recommend reading through the company presentation carefully, and then the discussions in the energy thread and the NEL thread. You’ll find a lot of information there.

And yes, another “hydrogen hype” thread for you. Everyone should make their own investment decisions and stock valuation calculations.

Disclaimer: I do not own (I have owned), but I want to own.

[Joukkis]

It’s been great in the stock market for the first few days

But if you own Nelli, you own both

[Jemmari]

I didn’t quite believe at first how quickly this took off.
I’ve already bought/sold this stock twice.
(I am a NEL “veteran,” having bought my first NEL shares two years ago, and fully aware of EverFuel’s potential) but the speed here still managed to surprise me.
But as we know (e.g., through NEL),
This will also require an offering or two at some point, and that will strengthen the company itself and give another chance to jump back on board…

Edit: here’s a little taste of what’s to come:

h2bus.eu

[jaska7]

Me neither. Offerings will surely come in the future, and with these share price movements, it wouldn’t be a bad idea to launch one. The valuation is incredibly high, and this will require massive investments.

NEL’s move to spin off Everfuel was timed perfectly. Now they can focus on manufacturing and scaling electrolyzers in peace. At the same time, they kept a nice stake in Everfuel, and Everfuel can focus on building hydrogen station infrastructure. They probably wouldn’t have had the resources to do both simultaneously.

There is potential here. The possibility of significant operations in hydrogen station networks in Norway, Sweden, Denmark, Germany, Belgium, and the Netherlands. I also wouldn’t be surprised if they started collaborating with Toyota on a network, similar to Norway.

[Seinakadun_Keisari]

I missed yesterday’s surge, the valuation is already scaring me. It’s an interesting stock, though; if it dips a bit, I can jump back in.

[markkee]

Awesome, thanks for starting the thread! On Thursday, I jumped on board at 39NOK, and the plan is to hold these shares and buy more when there are offerings or dips.

[jaska7]

https://erhvervplus.dk/artikel/det-midtjyske-brint-eventyr-har-fået-vinger-everfuels-markedsvƣrdi-nærmer-sig-to-milliarder-kroner?fbclid=IwAR2cE3lnQZIDzGgrUKegiwF6jRGZVi2bcsEttU9vcrloPUBgznbWSbMTpJY

There was an article about Everfuel in the Danish media, a recommended read that’s quite understandable with a translator.

“- It’s really good that investors have confidence in Everfuel. Of course, I am happy and proud of that, and we will need that when we need to raise funding to grow. I only have one “speed setting” on myself, and that is the accelerator at the bottom, he says.”

“- It is right now that we are facing the breakthrough for hydrogen: Now the technology is in place; the infrastructure is in place. And now you can also put a business case that is competitive with diesel, says Jacob Krogsgaard.”

[Meri]

Looks like a normal up day.

Nel-Beteiligung Everfuel: Der Wahnsinn geht weiter

[Mrau]

I’ve been following this since the IPO and could have jumped in every week, but didn’t. How is Everfuel related to Nel ASA? Is there some kind of collaboration?

[jaska7]

We could discuss these stock price boastings in the coffee room.

@Matti_Rautio I recommend reading the company presentation in the opening post.

But in short, Everfuel was spun off from NEL, and NEL owns approximately 16% of the company.

[Vodel1]

Okay, @jaska1, let’s discuss this hype train on the coffee side in the future.

Now, it clearly looks like Everfuel’s free float is really small, and there’s more than enough market interest, so a public share offering would be a brilliant move to get more cash for burning, and that will be burned significantly over the next 5 years.

[jaska7]

Agreed. And grants have been discussed anyway, and capital is needed. Now would be a fantastic opportunity with the share price soaring in its own sphere. There’s certainly interest from institutions too.

[Perttu_Hamalainen]

Has the Oslo exchange been shut down or why isn’t the price updating? Is my TV faulty?

[Seinakadun_Keisari]

TV hasn’t updated it yet, the exchange’s name changed from Oslo Børs (Oslo Stock Exchange) Meteor to → Oslo Growth or something.

[Juzaba]

Everfuel

[Meri]

This is also directly related to Ørsted… the same thing I wrote about in the energy section a while ago. More of these… maybe it was worth refueling yesterday when prices were still going down nicely

Nel-Beteiligung Everfuel: Auftrag von Siemens Gamesa – Korrektur beendet?

[sillinkutoja]

Everfuel - H2Fuel nominated for new hydrogen fueling site in Oslo

https://usercontent.one/wp/www.everfuel.com/wp-content/uploads/2020/12/201214_SER_EverfuelAlna.pdf

[Juzaba]

https://twitter.com/MichelDoepke/status/1339839116993830912?s=19

Doepke is definitely worth following in general for his hydrogen news coverage.

[jaska7]

NewsWeb Here’s the announcement:

"Everfuel - MoU signed with GHH Denmark for green hydrogen storage and supply
Herning, Denmark, 18 December 2020 - Everfuel A/S has signed a Memorandum of
Understanding (MoU) with Green Hydrogen Hub Denmark (GHH). The parties wish to
explore a long-term cooperation leading to GHH potentially becoming a strategic
supplier of hydrogen and hydrogen storage capacity to Everfuel’s growing green
hydrogen fuel operations and further ambitions within this emerging industry.

GHH is looking into developing a 350 MW electrolysis plant, 200,000 MWh hydrogen
storage, and a 320 MW Compressed Air Energy Storage (CAES) facility between the
cities of Viborg and Hobro, Denmark. The location of the project is close to
existing energy infrastructure, including high-voltage electricity transmission
grid, gas transmission network and underground gas storage and wind resources in
the Northern Seas Region. GHH is a collaboration between Eurowind Energy, Corre
Energy, and Gas Storage Denmark.

“Balancing of renewables and storage of large amounts of hydrogen are needed to
fully implement green hydrogen as a fuel. GHH will enable this at scale with its
planned facilities including 4,000 tons of underground hydrogen storage. We also
have a long-term ambition of connecting independent hydrogen hubs with
pipelines, including our Fredericia Hub and GHH, to further increase flexibility
and robustness of the hydrogen fuel supply chain”, says Jacob Krogsgaard,
founder and CEO of Everfuel.

“GHH represents one of the most ambitious and strategically important hydrogen
projects in Denmark. We look forward to developing a long-term relationship with
the potential of GHH both supporting us as a supplier of hydrogen fuel and
buffer storage”, Krogsgaard continues.

The initial focus for Everfuel and GHH will be on exploring new business
opportunities based on GHH’s storage and production capacity combined with
Everfuel’s growing ability to take delivery of and distribute large volumes of
hydrogen supported by sophisticated models forecasting purchasing trends, with
the aim of entering into a binding trade agreement. This may include Everfuel at
some point becoming an investor in the GHH facilities.

“We aim to lead the development of commercially viable, 100% green, large-scale
hydrogen production and storage solutions in Denmark and have an ambition to
grow across Europe, fully aligned with Europe’s Green Deal ambitions, providing
hydrogen and energy storage networks. Partnering with Everfuel, a leading
ambitious European hydrogen fuel company, represents an important step towards
realizing our ambitions by accelerating the energy transition and promoting the
deployment of hydrogen technologies,” says Jens Rasmussen, CEO of Eurowind
Energy, one of three companies behind Green Hydrogen Hub Denmark.

“We are delighted to have signed this MoU with Everfuel. The Green Hydrogen Hub
represents a catalyzing project to achieve economies of scale for a range of
green hydrogen use cases, serving both power and hydrogen markets. We look
forward to our collaboration with Everfuel and driving our collective ambitions
to realize the hydrogen future”, says Keith McGrane, CEO of Corre Energy and
lead developer of the CAES facility in the Green Hydrogen Hub Denmark."

Holy moly, Everfuel is making all the right moves to build and scale up a hydrogen fueling station network. The free float of shares is damn small, and cheap prices might just remain a dream. @DayTraderXL mentioned a similar “problem” in the Purus thread, that this is a good way to raise money in the future through offerings when the number of free shares is small, allowing offerings to go through with high valuations.

[jaska7]

Everfuel