- HYGEN is a technology company focused on providing original refueling systems for natural gas vehicles (NGVs) through decentralized fueling appliances. - Their patented liquid piston gas compression technology allows for fast home/office refueling of NGVs in 3 minutes, reducing the total cost of ownership compared to traditional gas compression. - HYGEN sees opportunities to work with gas companies and car makers to boost NGV adoption through mobile refueling appliances, helping to decarbonize transportation and energy grids. - Their roadmap includes developing hydrogen fueling appliances to further enable clean mobility.

1. Superchargers for Natural Gas Vehicles
© 2019, HYGEN Presentation

2. Company
Alex Safronov
Founder & CTO
Mario Pirraglia
CEO
Former Vice
President at
FuelMaker Corp,
former president at
SAFE North America,
more than 20 years
of experience in the
field
Technical &
entrepreneurial
background, 15 years of
experience in the gas
industry. Chairman of
Standartization
committee developing
EU standards for at-
home CNG fueling
Corporate finance &
entrepreneurial
background, 8 years
of experience in the
gas industry. Raised
> 35M EUR via
government and EU
funding programmes
Former Head of
Group Technology
Strategy & Group
Officer CNG
Mobility at VW
Group. Over 27
years in the
automotive industry
Robert Strods
Co – Founder & COO
Jens Andersen
Board Advisor
We are a technology company financed by InnoEnergy
focusing on the NGV industry and providing original
refueling systems that can refuel vehicles everywhere

3. - 30%
! Decreased gas sales
! Seasonal volume variations
! Decreased utilisation
of existing assets
! Competitive heating market
! Low customer loyalty
! Decarbonisation of the grid
Gas Retail Market

4. ! 40% - 60% cheaper compared to gasoline vehicles
! Up to 95% cleaner
! Proven: > 26 million NGVs on the road
! Practical: > 70 NGV vehicle models available, majority are bi-fuel
(gas and gasoline)
! 3M NGVs sold or converted annually worldwide
! Companies like TOTAL, ENGIE, SNAM, OGE, ENAGAS, VNG,
FLUXYS, e.t.c. are entering mobility market
Solution. Enter Mobility Market

5. Centralized VS Decentralized
PERSONAL REFUELING
Required Ratio - 1
Actual Ratio – 1 or higher
100% predictable ROI
PUBLIC REFUELING
Example: Germany
Required Ratio - 400
Actual Ratio – 100
No predictability in ROI
91 000
NGVs
Required
number of
NGVs to
justify all
stations
Number
of existing
NGVs
Number
of existing
CNG filling
stations 1
station
One or
more NGVs
915
stations

6. Chicken & Egg of Centralized Refueling
! Initially underutilized, then overutilized
! Unpredictable load and demand
! Peaks & valleys in fueling pattern
! Unpredictable ROI

7. Benefits of Decentralized Fueling
! Load the network might be a problem
for EVs, but it’s not a problem for NGVs
Bonus:
Reduce carbon footprint by 23%. When
using biomethane from waste, emissions
even fall to the level of electric vehicles
powered by renewable energy.
REPLICATING EV MODELSECTOR COUPLING: HEAT & MOBILITY
! Gas Retailer: increase gas sales
! Year around volume increase (Not seasonal)
! Helps win and lock in new customers
! TSO & DSO: Increase utilisation of existing assets
! Known and predictable customer aquisition costs
! Way to decarbonize the grid with biomethane or
syngas

8. Market for Decentralized Refueling
! Seeding the market
! Customers wishing to try before full commitment
! Building the load before big stations
! Satellite locations for existing customers
! Productivity/Time saving factor
(worth a minimum of ! hour per fueling occurrence)

9. HYGEN Products Today
HYGEN Plus
Fleet
Fueling Appliance
GasDroid
Home/Office
Fueling Appliance

10. CNG Home/Office Vehicle Fueling
! State of the product CE certified appliance
! Compression flow rate 1.3 GLE*/h
! Storage capacity 22 GLE* @ 200 bar
! Fueling time 3 min (12 GLE)
! Electricity consumption 0.45 kWh/GLE*
! Power supply line 220 V (single phase)
! Gas inlet pressure 17 - 25 mbar
! Service life 20 years
! Weight ca. 300 kg
! L x W x H 110 x 60 x 165 cm
*GLE – Gasoline Liter Equivalent

11. Cleaner. Cheaper. More Convenient

12. HYGEN Products Today
HYGEN Plus
Fleet
Fueling Appliance
GasDroid
Home/Office
Fueling Appliance

13. Small Business Fueling Solution
! State of the product Functional prototype
! Compression flow rate 5 GLE*/h
! Storage capacity 88 GLE* @ 200 bar
! Fueling time 15 min (66 GLE)
! Electricity consumption 0.45 kWh/GLE*
! Power supply line 220 V (single phase)
! Gas inlet pressure from 17 mbar
! Service life 20 years
! Weight ca. 990 kg
! L x W x H 120 x 80 x 170 cm
*GLE – Gasoline Liter Equivalent

14. Decentralized Small Fleet Market

15. HYGEN reinvents decentralized fueling
PHILL GASDROID
1. Compressor Service Life ~2 years 20 years
2. Fueling time 6 - 8 h 3 min
3. Cars fueled per day 1 car 2 cars
4. TCO > 0,60 EUR/GLE 0,24 EUR/GLE
Traditional gas
compression technology
VS
HYGEN’s patented liquid
piston gas compression
technology
Patent: US8899279B2
! Substantial reduction in total cost of ownership
! Fast at home fueling

16. HYGEN Technology
! No moving parts
substantially reduced maintenance
compared to traditional piston
compressors
! Off the shelf components
lower production cost & easy access
to components
! 20 years compressor service
lifetime - substantially lower
amortization cost
Conclusion:
Substantially reduced total cost of
ownership and more convenient
for end-users
! Integrated storage system
matches customer needs & wants
! Compressor & Booster in one
package - effective utilization of stored gas

17. Small business
Fleet CNG Fueling
Appliance
!"#$ !"!"
Off-pipeline
CNG Filling
Station
!"!"
Virtual Pipeline /
Mobile CNG
Filling Station
Product Roadmap
!"!#
Mobile H2
Filling Station
CNG
Home/Office
Vehicle
Fueling
Appliance –
GasDroid
!"!#
100% H2
Vehicle Fueling
Appliance
!"!"
20% H2 blend
Vehicle
Fuel Appliance

18. Future Application : Hydrogen
! The next logical evolution step adapting the technology to H2
! By leveraging the core technology and know-how, HYGEN’s
H2 fueling solutions will be developed in cooperation with
CNG H2 350 bar H2 700 bar
DESIGN ENHANCEMENTS
Some pressure bearing components have
to be changed. The evolution can be
made relatively easily with minor
adaption to the current design.
REDESIGNING TOH2
All pressure bearing components and the
core technology remain unchanged.
Some components have to be exchanged.
The unit requires redesign.

19. Business Model
At home/office
CNG supply
END USER
Residential
commuter
small business
fleet
Pay for CNG as fuel
or
Gas bill + fixed lease
DIRECTCUSTOMER
GAS
COMPANIES
CAR
DEALERS
Strategic
alliances
More
customers

20. Value Proposition. Gas Companies
TODAY:
! Loosing market in residential heating sector
! Loosing war to electric companies in decarbonization of the grids
! Loosing market share in mobility market of the future
TOMORROW WITH HYGEN:
! New market
5x gas sales to existing customers as motor vehicle
fuel 40% cheaper than gasoline
! New image
Replicating success of electric companies with EVs
! New opportunity
Decarbonizing grid via biomethane and synthetic
gas (P2G) by selling it at higher price as motor
vehicle fuel

21. Value Proposition. Car OEM & Dealers
! Modern solution to boost NGV sales
(According to VW Group 58% of EVs are bought with a home charger package attached)
! Enabler for mobility package business models
! Enabler for unique customer experience of at-home supercharging
! Practical way to decrease emissions
Source: Natural Gas Vehicle Association of Europe

22. Value Proposition. End-User
! 40% reduction in fuel costs
! 1,5 - 2 years payback on incremental price of NGV vs gasoline car
! Unique customers experience of fast (3 min) at home fueling
! Emission reduction (tax reduction, near Zero emissions with biogas)
*Gasoline = 1.50
EUR/l, Natural Gas
for household
consumer = 0.60
EUR m/gasoline liter
equivalent, TCO of
HYGEN = 0,30 EUR/
gasoline liter
equivalent

23. Highly Competitive
EV NGV+HYGEN
Economics
"verage incremental costs
of the car (vs gasoline)
9 2 200 EUR
Energy cost per 100 km 2.80 EUR 4.25 EUR
Payback vs gasoline car 7 years (210k km) 2,5 years (77k km)
Convenience
At-home fueling time 4 - 8 h000 EUR 3 min
Driving extension
(refueling options)
Expensive supercharger
network
Existing gasoline stations
(all NGVs are bi-fuel cars)
Market
Conversion of gasoline vehicle NO YES, widely available
Proven market traction 3M vehicles, last 5 years 26M vehicles, last 20 years
GHG emissions in CO2 g/km 5 g (wind/solar) 5 g (P2G, biomethane)
! Volkswagen India bets on CNG over electric (11.2018)
! Israel’s Ministry of Energy plans Transition to CNG (12.2018)

24. Partnering with Major Market Players
Gas Companies at Gas Technology
Institute (Chicago, USA)
Volkswagen Group Headquarters
(Wolfsburg, Germany)
! CE Certified Product
! Pilot projects with

25. Next Steps?
ROBERT STRODS
Co-Founder & COO
robert@hygengroup.com
Tel.: +371 29715632
Contact
! Adding market specific inputs for modification of the business case
! Creating custom-fit business case according to new inputs
! Verifying business case in pilot