HDF Energy acquires 70% of the KGL NewGen project, the first industrial project to produce carbon-free hydrogen from a mixture of renewable energy and carbon-free electricity from Trinidad and Tobago. Bordeaux, 12 April 2022 – Hydrogène de France (“HDF Energy” or the “Company”) – mnemonic code: HDF – announces the acquisition of up to 70% controlling interest in NewGen in Trinidad and Tobago, owned by local company Kenesjay Green Ltd (“KGL”), which will retain retain the remaining 30% jointly owned by KGL and an investment vehicle to accommodate other local investors. In this way, the company promotes its technological expertise in the field of hydrogen, its know-how in the development of clean energy plants and its presence in the Caribbean. When completed, the NewGen plant, worth more than $200 million, will be one of the world’s largest clean hydrogen plants thanks to the intelligent combination of solar energy and power from excess heat from power plants. It will produce carbon-free and competitive hydrogen to meet 20% of the hydrogen demand of the current world-class ammonia plant at the Point Lisas petrochemical center in Trinidad. The project will save approximately 200,000 t/CO2 per year. Newgen is the French company’s third major investment in the Caribbean in the past year. This deal follows two recent announcements of HDF-designed Renewstable® power plants using green hydrogen and solar power for around-the-clock baseload power generation in Guyana and Barbados, in collaboration with HDF’s regional partner and co-investor, the RUBIS group. The NewGen project will accelerate the energy transition of Trinidad and Tobago’s (T&T) ammonia production, which has committed to reducing global emissions by 15% by 2030 since 2018. NewGen offers a new sustainable model for current ammonia production and positions T&T as a global industrial pioneer in terms of energy transition innovation. Philip Julien, President of KGL, said of acquiring most of the HDF: “KGL welcomes this significant support and HDF investment in NewGen, our collaboration and sharing of experience. This partnership opens the door for us to better access international finance and European technology, increase opportunities for local investment, and fulfill Trinidad and Tobago’s energy transition commitments. HDF’s investment highlights the continued attractiveness of the country’s energy sector for world-class investment, as well as our ability to develop innovative and commercially viable projects. » Damien Havard, CEO of Hydrogène de Francesaid : “Our investment in NewGen confirms our belief that Trinidad and Tobago’s energy sector offers a unique opportunity to develop decarbonized hydrogen on a global scale and at a competitive price. Kenedjay Green is the ideal partner for its deep industry knowledge, business acumen and commitment to local development. We look forward to working with KGL and the Government of Trinidad and Tobago to develop this groundbreaking project and many others. » HDF Energy plans to create traditional project financing for the NewGen project with a higher share of debt and a minority share of equity. Recognizing the need to accelerate the development of the hydrogen sector and its transition to low-carbon models, HDF Energy intends to invest part of its resources in strategic industrial projects such as NewGen. Project site: www.newgenenergyltd.com

ABOUT KENEJAY GREEN

Kenesjay Green Limited (KGL) is a local sustainable energy company committed to being a leader in the energy transition in the Caribbean. Based in Trinidad and Tobago, the company is a subsidiary of Kenesjay Systems Limited and is developing viable decarbonization projects that will make Trinidad and Tobago and its region a global pioneer in this field (www.kenesjaygreen.com). The NewGen Hydrogen project is KGL’s first major initiative. Press relations for KGL: Natasha Davidhead of compliance department [email protected]

About HDF

Hydrogène de France is a global pioneer in the field of hydrogen electricity. HDF develops high capacity hydrogen power plants and participates in their operation through specialized engineering companies. These power plants provide permanent or on-demand electricity from renewable energy sources (wind or solar) combined with high-capacity fuel cells. HDF has developed two models of hydrogen power plants:

Renewable® (POWER TO POWER) : Multi-megawatt power plants producing stable electricity from an intermittent renewable source and a hydrogen chain for on-site storage.
Highpower® (GAS IN FORCE) : Power plants with a capacity of several megawatts, producing electricity on demand from green hydrogen from gas transmission networks.

HDF has brought together key fuel cell know-how and is developing the world’s first high-capacity fuel cell mass production plant for power generation, to be commissioned in 2023. maritime markets. In this way, HDF is positioned as a powerful accelerator of the energy transition, continuously delivering renewable electricity perfectly tailored to grids and demand. HDF is a company listed on the regulated market Euronext Paris, Division B.

Hydrogene De France Announces Strategic Acquisition of a Future Industrial Green Hydrogen Plant in the Caribbean