December 3, 2023

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Gevo Finalizes Renewable Hydrogen Enhancement Products and services Arrangement with Zero6 Electrical power, Selects Cummins as Technologies Associate

Gevo, Inc.

Gevo, Inc.

ENGLEWOOD, Colo., Feb. 27, 2023 (Globe NEWSWIRE) — Gevo, Inc. (NASDAQ: GEVO) announced today that they have finalized a Hydrogen Improvement Services Agreement with Zero6 Electricity (formerly Juhl Electrical power) for the advancement of a 20-megawatt hydrogen output facility in Lake Preston, South Dakota, working with Cummins Inc. (NYSE: CMI) electrolyzer know-how. The facility, identified as the Dakota Renewable Hydrogen Project (DRH), will be an integral portion of Gevo’s Internet-Zero 1 renewable hydrocarbon plant (NZ1) that is beneath advancement.

“We are excited to again be doing the job with the Zero6 team on the growth of a project that is very important to the decarbonization of Gevo’s liquid transportation fuels and our long-term goal of developing internet-zero emissions gasoline and chemical products and solutions,” mentioned Gevo’s President & COO, Dr. Chris Ryan. “After our mutual success on the enhancement of wind power for the defossilized electrification of our progress facility in Luverne, Minnesota, we are self-confident that Zero6 will be an great lover for our Net-Zero 1 hydrocarbon production facility.”

“This venture is a fantastic suit for the Zero6 staff, and we are thrilled to highlight our abilities as NZ1 arrives on line,” extra Clay Norrbom, President of Zero6 Energy. “In addition to the utilization of the established Cummins electrolyzer technological know-how to develop green hydrogen, a portion of our electricity wants will be supplied by the Kingsbury County Wind Gasoline wind farm. Gevo’s decarbonization efforts really are the sum of several critical initiatives.”

Cummins will supply the job with an electrolyzer program comprised of 4 HyLYZER®-1000 proton exchange membrane (PEM) electrolyzers to develop hydrogen. Cummins’ HyLYZER®-1000 product is at the moment in procedure at a related facility in Becancour, Quebec, Canada. An electrolyzer splits water into oxygen and hydrogen. When run by renewable electrical energy, the hydrogen developed is green and carbon absolutely free. This environmentally friendly hydrogen can be saved as a compressed fuel or a liquid and employed as an electricity-dense, clear electrical power source.

“This undertaking builds on Cummins’ hydrogen technologies innovation and demonstrates the maturity and scalability of our items to meet up with buyer needs. We are happy to lover with Gevo and Zero6 to deliver zero-emission energy to significant applications,” said Alex Savelli, Managing Director Electrolyzers – Americas for Cummins. “Cummins is fully commited to advancing the inexperienced hydrogen economic system, and our electrolyzer program is a change-important alternative for jobs like the Dakota Renewable Hydrogen Challenge.”

More than 80% of the DRH hydrogen output ability will be immediately piped to the Gevo NZ1 plant to be utilized in the hydrocarbon refining method. The DRH will be situated on the NZ1 plant residence under a extensive-expression lease agreement from Gevo.

About Gevo
Gevo’s mission is to transform renewable vitality and carbon into electrical power-dense liquid hydrocarbons. These liquid hydrocarbons can be utilized for fall-in transportation fuels these as gasoline, jet gas and diesel fuel, that when burned have potential to generate web-zero greenhouse gas emissions when calculated throughout the entire everyday living cycle of the items. Gevo works by using lower-carbon renewable source-based carbs as raw materials, and is in an state-of-the-art condition of producing renewable electricity and renewable all-natural fuel for use in production processes, resulting in small-carbon fuels with substantially diminished carbon depth (the amount of greenhouse fuel emissions when compared to regular petroleum fossil-centered fuels across their lifetime cycle). Gevo’s items accomplish as properly or superior than conventional fossil-based fuels in infrastructure and engines, but with significantly lessened greenhouse gas emissions. In addition to addressing the issues of fuels, Gevo’s know-how also permits selected plastics, these kinds of as polyester, to be designed with much more sustainable elements. Gevo’s ability to penetrate the rising low-carbon fuels industry is dependent on the selling price of oil and the price of abating carbon emissions that would normally boost greenhouse gas emissions. Gevo believes that it possesses the know-how and know-how to transform numerous carbohydrate feedstocks via a fermentation process into alcohols and then transform the alcohols into renewable fuels and supplies, by a combination of its very own technological know-how, know-how, engineering, and licensing of technological innovation and engineering from Axens North The usa, Inc., which yields the opportunity to deliver task and company returns that justify the make-out of a multi-billion-dollar business.

Gevo thinks that the Argonne Countrywide Laboratory GREET model is the finest readily available regular of scientific-based mostly measurement for life cycle stock or LCI.

About Zero6 Strength
Zero6 Electrical power is an founded leader in the clean up power market with 30 years of encounter providing thoroughly clean electricity assignments to consumers and investors. Formerly recognised as Juhl Energy, the business not long ago current its identify and branding to match its mission to lead in the decarbonization of electrical power techniques and the thoroughly clean energy transition.

Zero6 Power specializes in offering flip-key solutions to organizations that search for to decarbonize services. Zero6 Power does this by an integrated solution that combines the potential to establish, engineer, establish, personal, and operate clean up power jobs. The enterprise attracts on its deep expertise throughout strength systems to build and spend in assignments that attract on common power generation sources when also pragmatically innovating in new places these kinds of as eco-friendly hydrogen and carbon capture and storage.

More than its historical past, Zero6 Power has correctly designed and concluded 400 MW of wind and photo voltaic belongings and engineered more than 3,000MW of renewable electricity, purely natural gasoline and biomass electrical era, central heating/cooling vegetation, and cogeneration initiatives. For above 12 several years, the organization has also lifted and managed investment decision cars that invest in and own portfolios of cleanse electrical power belongings these types of as wind, photo voltaic, and small hydroelectric.

Zero6 Vitality is a personal corporation owned by its administration crew and strategic lover, Religion Technologies Integrated (FTI). Leveraging the additional abilities of FTI, this put together group presents engineering, structure, set up and operations of vitality and electrical units on a nationwide scale. Zero6 Electrical power is headquartered in Chanhassen, Minn., and has other workplaces in Chicago, Milwaukee, and Madison. For additional information and facts, visit

Forward-Seeking Statements
Particular statements in this press release may perhaps constitute “forward-hunting statements” in the meaning of the Non-public Securities Litigation Reform Act of 1995. These forward-hunting statements relate to a wide range of matters, such as, without having limitation, Gevo’s NZ1 undertaking, the effective completion of the Dakota Renewable Hydrogen Venture on the timing anticipated or at all, Gevo’s capability to properly acquire, build and finance its tasks, Gevo’s capability to decarbonize its fuels and achieve net zero emissions, the integration of Cummins equipment into Gevo’s tasks, and other statements that are not purely statements of historic actuality. These forward-wanting statements are created based on the present beliefs, anticipations and assumptions of the management of Gevo and are issue to important hazards and uncertainty. Traders are cautioned not to put undue reliance on any these types of ahead-seeking statements. All these forward-searching statements communicate only as of the date they are made, and Gevo undertakes no obligation to update or revise these statements, whether as a end result of new information and facts, future functions or otherwise. Despite the fact that Gevo thinks that the anticipations mirrored in these forward-looking statements are fair, these statements contain a lot of pitfalls and uncertainties that may well induce true benefits to vary materially from what might be expressed or implied in these ahead-hunting statements. For a even further dialogue of dangers and uncertainties that could lead to actual final results to vary from these expressed in these ahead-looking statements, as perfectly as challenges relating to the enterprise of Gevo in standard, see the hazard disclosures in the Annual Report on Form 10-K of Gevo for the 12 months ended December 31, 2021, and in subsequent studies on Types 10-Q and 8-K and other filings designed with the U.S. Securities and Trade Fee by Gevo.

Gevo Media Contact
Heather L. Manuel
+1 303-883-1114
[email protected]