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Hydrogen stored as an oil Erlangen, January 2018 HYDROGENIOUS TECHNOLOGIES GmbH Weidenweg 13 91058 Erlangen

Hydrogenious Technologies LOHC Technology Applications Products & Projects 1

Hydrogenious Technologies GmbH a pioneer in chemical hydrogen storage Key Partners: Founded in 2013 by Dr. Daniel Teichmann and Profs. Arlt, Schlücker and Wasserscheid; staff of 45; 25 patent families filed Global technology leader for Liquid Organic Hydrogen Carriers (LOHC) the revolution in hydrogen storage and transport Focus on commercialization of hydrogen storage and release systems for industrial and mobile applications Our systems (details in next chapter) H 2 in StorageBOX hydrogen stored as an oil! ReleaseBOX H 2 out 2

Hydrogenious has secured successful partnerships in commercialization and development of LOHC systems Hydrogenious has closed the first commercial projects, Partnership with United Hydrogen Group Realization of first commercial applications in USA System delivery in Q3 2017 commenced development of industrial-scale storage systems, Partnership with MAN Diesel&Turbo SE Development of industrial-scale LOHC hydrogenation reactors for central storage First system engineering to be finalized in 2017 and continues in-house development of release systems. Supported by EUR 2.3 Mio. SME Instrument funding under Horizon 2020 In-house build-up and operations of test systems Focus on modularization, standardization and system performance 3

Hydrogenious has the first LOHC-based hydrogen transport project in operation since June 2016 Hydrogenious HQ (Erlangen) Fraunhofer IAO (Stuttgart) 98kWp PV @ Hydrogenious HQ Excess heat 10kW ReleaseBOX 33 PEM Fuel Cell Transport of loaded LOHC 50kW Siemens PEM Electrolyzer StorageBOX 10 electric car filling station 4

Hydrogenious Technologies management team combines scientific and business experience Total team: 45 FTE Strategy, Technology, Entrepreneurship Dr. Daniel Teichmann CEO & Founder Dr. Cornelius von der Heydt Head of Business Development Dr. Martin Schneider Head of Product Management Dr. Berthold Melcher Head of Engineering & Ops Dr. Caspar Paetz Head of Product Development Strategy, Finance, Entrepreneurship Project management, Industry Industrial projects, Product engineering, Project roll-out Process design & optimization, Plant development 5

Hydrogenious Technologies LOHC Technology Applications Products & Projects 6

Liquid Organic Hydrogen Carrier (LOHC) enable a safe and efficient transport of hydrogen at ambient conditions Dibenzyltoluene (dehydrogenated) Hydrogenation Dehydrogenation 9 H 2 9 H 2 Exothermic ca. 250 C 25-50 bar Endothermic ca. 300 C 1-3 bara Perhydro Dibenzyltoluene (hydrogenated) 7

Our LOHC technology has significant advantages in performance and handling compared to competing technologies =57 kg Our LOHC is Efficient 630 Nm 3 H 2 / m 3 LOHC 6.23 wt% 57 kg H 2 / m³ LOHC Safe Non-explosive Not classified as dangerous good (ADR, etc.) Easy to handle Diesel-like liquid Ambient conditions Low priced <5 /kg Reusable 8

Our systems: containerized and easy to install on-site 9

Hydrogenious Technologies LOHC Technology Applications Products & Projects 10

The flexibility of hydrogen makes it a key resource in numerous applications and industries Existing markets Developing markets Industry Mobility Fuels Chemicals Fertilizer buses Trucks Trains Metal refining Food Ships Cars Special applications Energy Spacecraft Submarines Military On-grid Off-grid Sectoral integration 11

which can easily, safely and efficiently be connected by our LOHC technology to enable a sustainable hydrogen world Industry supply Industrial Hydrogen Dehydrogenation Hydrogenation Hydrogen demand of 2 50 kg/h Medium to long distance supply Renewable Energies Mobility Electrolysis Large capacity refueling stations buses, trains, captive fleets 12

The LOHC technology offers clear advantages in safety and transport compared to conventional technologies 1,800 kg Capex for trucks & trailers ~ EUR 2,000,000 ~ EUR 250,000 13

2 Hydrogen refueling stations The LOHC technology offers significant advantages for large scale HRS e.g. for bus, train or captive fleet supply Advantages of LOHC Low delivery frequency to HRS Lowest cost for H 2 bulk storage No boil-off losses / discharge Safe handling Small footprint through underground storage Highest social acceptance through oil handling LOHC bulk storage (2,000+ kg H 2 ) LOHC+ ReleaseBOX Dehydrogenation H 2 Compression Pressure cascade Dispenser Standard HRS technology 14

Hydrogenious Technologies LOHC Technology Applications Products & Projects 15

Hydrogenious product portfolio: The StorageBOX Series Interfaces H 2 inlet pressure Electr. Connection 30 bar 400V Cooling 10 kwh / kg H 2 Series 100 Series 200 Series 400 H 2 storage 100 Nm³ / h H 2 storage 200 Nm³ / h H 2 storage 400 Nm³ / h LOHC production 160 l / h LOHC production 320 l / h LOHC production 640 l / h Housing skid-mounted Housing skid-mounted Housing skid-mounted Development of industrial scale hydrogenation plants started together with MAN Diesel & Turbo 16

Hydrogenious product portfolio: The ReleaseBOX Series Interfaces H 2 purity up to 99.999% H 2 outlet pressure Electr. connection up to 10 bar 400V Heating ~10kWh / kg H 2 (Natural gas or electricity) Series 10 Series 33 Series 110 H 2 outlet 10 Nm³ / h H 2 outlet 33 Nm³ / h H 2 outlet 110 Nm³ / h LOHC throughput 16 l / h LOHC throughput 53 l / h LOHC throughput 176 l / h Housing 20 container Housing 20 container Housing 20-30 container Targeted system scale-up: hydrogen release capacities of up to 1.000 Nm³/h 17

Commercial project: US market entry started with industrial demo project together with United Hydrogen Group LOHC technology expands current H 2 supply radius from 300 km to approx. 700 km Regional U.S. hydrogen distributor with >50 customers (Industry and mobility) Current situation: Limited distribution radius due to low transport capacities of pressure tube trailer technology UHG demo-customers Targeted setting: Expansion of supply radius through use of high-capacity LOHC technology Win-Win setting for UHG and its customers Initial pilot systems contracted by UHG StorageBOX 100 (9.1 kg/h H 2 ) - Centralized H 2 production ReleaseBOX 33 (3 kg/h H 2 ) - Industry customers ReleaseBOX 2.5 (0.23 kg/h H 2 ) - Power Plants System delivery: Oct. 2017 18

Strategic cooperation with MAN Diesel&Turbo focusses on product development for merchant hydrogen infrastructure StorageBOX 10 StoragePLANT MAN Diesel&Turbo is a global technology leader for large scale reactor systems for the chemical and petro-chemical industry Cooperation for development of industrial-scale LOHC hydrogenation reactors based on MAN s proprietary salt bed reactor technology Engineering and design of first pilot test reactor targeted for 2017 19

whilst Hydrogenious and 11 partners focus on LOHC based hydrogen refueling stations in Kopernikus research program The Kopernikus Projects form Germany s largest coordinated research program Funded by the German Ministry of Research > 90 companies and (research) institutes involved Four specific excellence clusters Decentral H 2 -logistics project with focus on LOHC based H 2 refueling stations Budget of ~4 Mio. EUR over next three years 12 partners involved including Linde, ThyssenKrupp, Clariant and AREVA 20

Thank you for your interest! Head of Business Development & Sales Dr. Cornelius von der Heydt Tel: +49 (0)9131-12640-220 Mail: cornelius.heydt@hydrogenious.net HYDROGENIOUS TECHNOLOGIES GmbH Weidenweg 13 91058 Erlangen Tel: +49 (0)9131-12640-10 Fax: +49 (0)9131-12640-29 info@hydrogenious.net Sitz Erlangen HRB 13922 Amtsgericht Fürth USt.-IdNr.: DE288532636 21