Certarus Supplies WEC Energy Group with Hydrogen for the Worlds Largest Hydrogen Test on Natural Gas Engine at Michigan Power Plant

CALGARY, AB, Nov. 2, 2022 /PRNewswire/ - Certarus Ltd. ("Certarus" or the "Corporation"), the North American leader in on-road low carbon energy solutions, is pleased to announce that it was selected by one of America's largest electrical generators and distributors, WEC Energy Group ("WEC"), along with its partners Wärtsilä Corp., Mostardi Platt, the Electric Power Research Institute Inc. ("EPRI") and engineering and construction company Burns & McDonnell, to supply hydrogen and blending equipment to the A.J. Mihm natural gas-fired power plant near Pelkie, Michigan.

Certarus supported the world's largest flow rate of hydrogen into a grid-connected reciprocating natural gas engine to date. Certarus engineered and over the course of two weeks, safely supplied and controlled hydrogen at blend rates up to 25% to an 18MW Wärtsilä natural gas engine across multiple engine-load capacities. During the test, the hydrogen blend generated efficient power to support full engine capacity and produced fewer carbon dioxide and methane emissions compared to natural gas.

"Hydrogen has the potential to help companies across a variety of industries improve operational efficiency, significantly reduce carbon emissions, and achieve net-zero goals. We are extremely encouraged by the results of this project and believe it is a key step in advancing the technologies required to meet these carbon reduction targets," said Richard Cheng, Certarus' Vice President, Hydrogen. "As the North American leader in providing on-road low carbon energy solutions, Certarus has supported over 20 hydrogen customers to date and can be the partner of choice to safely transport hydrogen anywhere across North America to accelerate hydrogen adoption."

"We're very pleased to take a leading role exploring the potential of this technology as we focus on providing customers with affordable, reliable and clean energy," said Gale Klappa, executive chairman — WEC Energy Group. "As we bring more renewable energy online, we must ensure that we can keep the lights on when the sun is not shining and the wind is not blowing. The results of this project are a strong indicator that these dispatchable units can run on very low- and no-carbon fuels."

EPRI supported the development of the project and led the technical implementation. EPRI will share a complete analysis of the project in early 2023 to further inform the energy industry on ways to successfully use hydrogen for reciprocating internal combustion engine ("RICE") power generation to support reducing carbon emissions.

ABOUT CERTARUS

Certarus is the North American leader in providing on-road low carbon energy solutions through a fully integrated compressed natural gas, renewable natural gas, and hydrogen platform. Certarus safely delivers clean burning fuels to energy, utility, agricultural and industrial customers not connected to a pipeline. By displacing more carbon intensive fuels, Certarus is leading the energy transition and helping customers lower operating costs and improve environmental performance. With the largest fleet of mobile storage units in North America, Certarus is uniquely positioned to meet the growing demand for low and zero emission energy distribution. For more information, visit www.certarus.com and follow us on LinkedIn.

FORWARD-LOOKING STATEMENTS
Certain statements contained in this news release constitute forward-looking statements within the meaning of applicable securities laws. These statements relate to future events or Certarus' future performance. All Statements contained in this news release other than statements of historical fact may be forward-looking statements. Forward-looking statements are not facts, but only predictions and generally can be identified by the use of statements that include words or phrases such as, "anticipate", "believe", "continue", "could", "estimate", "expect", "intend", "likely" "may", "project", "predict", "propose", "potential", "might", "plan", "seek", "should", "targeting", "will", and similar expressions or the negative forms thereof. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Certarus believes that the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon by readers, as actual results may vary materially from such forward-looking statements. These statements speak only as of the date of this news release and are expressly qualified, in their entirety, by this cautionary statement. In particular, this news release contains forward-looking statements pertaining to the potential of hydrogen to help companies across a variety of industries improve operational efficiency, significantly reduce carbon emissions, and achieve net zero goals; the project's role in advancing hydrogen technology; ERPI's plans to share an analysis of the project; the timing thereof, and the results that can be achieved by using the information contained therein ; and the Corporation's effect on the rate of hydrogen adoption.

Some of the risks which could affect future results and could cause results to differ materially from those expressed in the forward-looking statements include, but are not limited to, the impact of general economic and market conditions, the impacts of the COVID-19 pandemic, industry conditions, volatility of commodity prices, currency fluctuations, environmental risks, competition from other industry participants, the lack of availability of qualified service providers, personnel or management, the ability to access sufficient capital from internal and external sources, the ability to obtain required consents, permits or approvals and the risk that results of past and current hydrogen testing are not accurate indications of the long-term or overall benefits of hydrogen compared to its alternatives.

With respect to the forward-looking statements contained in this news release, management has made assumptions regarding, among other things: its ability to continue to safely transport hydrogen; counter party risk; there will be no material change to the regulatory environment in which Certarus operates; that the results of past and current hydrogen testing are accurate indications of the long-term and overall benefits of hydrogen compared to its alternatives; and the continued adoption of hydrogen across industrial sectors.

Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Corporation's actual results, performance or achievement could differ materially from those expressed in or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits the Corporation will derive therefrom.

The forward-looking statements contained in this news release are made as of the date hereof. Certarus disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Additionally, Certarus undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.

SOURCE Certarus Ltd.