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On-site Hydrogen Generators Hydrogenics’ value proposition Marcoen Stoop Sales director ASIA 1 Confidential. Cannot be distributed without Hydrogenics' approval.

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On-site Hydrogen GeneratorsHydrogenics’ value proposition

Marcoen Stoop

Sales director ASIA

1Confidential. Cannot be distributed without Hydrogenics' approval.

Who we are, what we do

Hydrogenics’ technology

Our field experience & solutions

Hydrogenics’ value proposition

2

Confidential. Cannot be distributed without Hydrogenics' approval.

In a nutshell

Global provider of

On-site hydrogen water electrolysers

Energy Storage systems

H2 fueling stations & Fuel cells systems

Since over 60 years

145 employees

Listed on NASDAQ (HYGS) and TSX (HYG)

Own R&D and product development

Over 1,800 projects deployed in >100 countries

3Confidential. Cannot be distributed without Hydrogenics' approval.

Company History

The Electrolyser Corporation (Toronto, Canada) (atm.electrolysis)

Vandenborre Hydrogen Systems (Belgium) (press.electrolysis)

Hydrogenics (Toronto) (PEM Fuel cells test systems)

The Electrolyser Corporation & Hydrogenics go public

The Electrolyser Corporation renamed Stuart Energy

Stuart Energy acquires Vandenborre

Hydrogenics acquires Stuart Energy

1948

1987

1995

2001

2003

2005

Confidential. Cannot be distributed without Hydrogenics' approval.

Hydrogenics Europe

5

12’260 m2 (Factory area: 4’600M2)

76 Employees

Global Service (9 people)

Hydrogen water electrolysers and H2 turnkey solutions

Sales & Service offices (N. America, China, India, Indonesia, Russia)

Control over the entire supply chain (from production to after-sales)Confidential. Cannot be distributed without Hydrogenics' approval.

6

Systems Testing

Cell Stack Assemly & Testing

Offices and R&D

Warehouse &Incoming Inspection

Production Hall

Membrane Production

Confidential. Cannot be distributed without Hydrogenics' approval.

7

Final Skid & Container Integration

Skid/System Assembly

Welding area (certified)Oxygen cleaning

Production Hall

Confidential. Cannot be distributed without Hydrogenics' approval.

Who we are, what we do

Hydrogenics’ technology

Our field experience & solutions

Hydrogenics’ value proposition

8

Confidential. Cannot be distributed without Hydrogenics' approval.

Electrolysis of Water

9

Electrochemical reaction that splits water into Hydrogen and Oxygen, using electricity.

It is a 100% emission free and carbon-free process

2H₂O + Electricity 2H₂ + O₂

Confidential. Cannot be distributed without Hydrogenics' approval.

The cell stack: in-house core technology

Electrode:

Anode (O2)

IMET® Membrane

Electrode:

Cathode (H2)

No asbestos!!

Bipolar plate Bipolar plate

Membranes = Gas separation

allowing ionic conductivity (OH-)

Confidential. Cannot be distributed without Hydrogenics' approval.

H2

H2 Structural ring

The cell stack: in-house core technology

O2 Strutural ring

Sealing

02

Electrolyte return lines

Separation between H2 O2

Cells are assembled electrically in series, hydraulically in parallel.

Confidential. Cannot be distributed without Hydrogenics' approval.

The cell stack: in-house core technology

Confidential. Cannot be distributed without Hydrogenics' approval.

13

Alkaline electrolysis: 30% vol. KOH

Developed & manufactured internally

Pressure: 30barg

Capacities: 10 - 15Nm3

Lifetime: 60’000 hours (2 years full warranty)

Hydrogen purity: 99.9% (99.998% after HPS)

• < 1000 ppm O2 in H2

• 12ppm N2

• H2O saturated

The cell stack: in-house core technology

Confidential. Cannot be distributed without Hydrogenics' approval.

14

Balance of Plant: In-house expertise

Over 1’800 projects since 1948

Unique expertise in BOP engineering and assembly

Confidential. Cannot be distributed without Hydrogenics' approval.

Option: Oxygen use

15

Balance of Plant: In-house expertise

HPS (hydrogen purification system) H2= 99.998%

Gas Separators

Coalescent filter:• Captures moisture• Gas cooling

Cell Stack

Heat Exchangers for Electrolyte cooling

Confidential. Cannot be distributed without Hydrogenics' approval.

Break tank (25L)

Option: Online purity measurement (Dew point and OTH)

HTO measurement (Alarm: 1.5 vol%

Shutdown: 1.75 vol%)

No KOH losses!

Demin water inlet

16

Balance of Plant: In-house expertise

Confidential. Cannot be distributed without Hydrogenics' approval.

Capacities:

• 10 Nm3/h

• 15 Nm3/h

• 20 Nm3/h (2 stacks)

• 30 Nm3/h (2 stacks)

17

Balance of Plant: In-house expertise

Confidential. Cannot be distributed without Hydrogenics' approval.

Control & Power cabinet

• PLC (Siemens S-7)

• Exter touch screen

• Rectifier

• Transformers

• Microprocessor controlled

• UPS (Uninterruptible Power Supply)

• Hard wired safety

18

Confidential. Cannot be distributed without Hydrogenics' approval.

• Every HySTAT® system is designed from an “integrated safety” perspective:

• 1st priority: elimination of actions likely to create a hazardous situation;

• 2nd priority: prevention of hazardous situations by integrated safety features;

• 3rd priority: mitigation of the effects of an occurring incident.

• PROFIsafe protocol ensuring a safe shut down in case of control failure (PLC)

• Fail safe logic for all parameters (over 30 parameters controlled)

• Uninterruptible Power Supply (UPS): ensures a safe shutdown in case of power

failure

• Constant monitoring of gas purity (HTO)

• Inherent safe design (passive safety) allowing the unit to perform emergency

depressurization mechanically when the control features are down

Safety & Quality: Our first focus

19

Safety & Quality: Our first focus

Confidential. Cannot be distributed without Hydrogenics' approval.

• Minimal gas presence in the system (only few Nm3 at full production)

• Multiple redundancy on critical safety parameters.

• Safety switched on critical parameters triggering an alarm or stopping the unit (eg.

electrolyte level, cell stack t°, pressure in the system,…).

• Complete risk evaluation process performed

• ISO 9001, 14001 and OHSAS 18001

• Following the most stringent standards:

• EC (ATEX directive 94/9/EC), (NRTL or Rostechnadzor as an option)

• New Machine Directive (2006/42/EC)

• ISO 22734/1 (onsite hydrogen generation) and ISO 12100 (safety of machinery).

• IEC 61508, 62061 and 61511 (Functional Safety of electronic related systems)

20

Reliability & Automation

High quality equipment & strong engineering

• 15 Engineers constantly looking for improvements

• SS316L stainless steel

• Use of recognized equipment suppliers (Swagelock, Rittal,…)

• Solid engineering for a safe and simplified system

Ex: Remote I/O less interconnections lower risk of failures, increased safety

Confidential. Cannot be distributed without Hydrogenics' approval.

21

Reliability & Automation

Automation for simple use & maintenance

• Automatic production and self-controlled system

• Automatic H2 pressure & flow control

• Cooling automation

• Exter touch screen and remote monitoring

Confidential. Cannot be distributed without Hydrogenics' approval.

22

Complete Hydrogen system packages

Confidential. Cannot be distributed without Hydrogenics' approval.

Unique know-how in setting up complete H2 systems

• Electrolyser, HPS, Central Control & Power

• Medium pressure storage

• Compression

• High pressure storage

• Bottle filling station

• Pressure reduction station

• Nitrogen station

• PC station

• Interconnection equipment

• Supervision & Startup

Who we are, what we do

Hydrogenics’ technology

Our field experience & solutions

Hydrogenics’ value proposition

23

Confidential. Cannot be distributed without Hydrogenics' approval.

24

Complete Indoor hydrogen solutions

Confidential. Cannot be distributed without Hydrogenics' approval.

Setup 1: 30barg solution

Gresik – Indonesia

• 2 x 30Barg Electrolysers (1 backup)

• HPS (H2 purification)

• Control & Power cabinets

• 3 x 30M3 (or 15M3) vessels (3 x 880Nm3 H2)

• Interconnection equipment

• Nitrogen Station

• PC station

• Supervision & Startup

25

Complete Indoor hydrogen solutions

Confidential. Cannot be distributed without Hydrogenics' approval.

Setup 1: 30barg solution

*HPS: Hydrogen Purification System

Cooling

Water

H2

Demin Water

Control &

Power B

Electrolyser

A (30barg)

Feed

water

tank

Feed

water

tank

Electrolyser

B (30barg)

N2 station

HPS*

HPS*

H2

Online purity

with blow off

Online purity

with blow off

Control &

Power A Storage Tank

(30barg)

Storage Tank

(30barg)

Storage Tank

(30barg)

Pressure reduction

Use

r p

roce

ss

26

Complete Indoor hydrogen solutions

Confidential. Cannot be distributed without Hydrogenics' approval.

Setup 1: 30barg solution setup advantages

• Less equipment

• Easy setup and installation

• Limited moving parts (no compressors) higher reliability

• Lower maintenance required

• No high pressure on site

• Lower investment costs

• Smaller footprint

• 10 – 15 – 20 - 30Nm3/h

27

Complete Indoor hydrogen solutions

Confidential. Cannot be distributed without Hydrogenics' approval.

Setup 2: 150 to 200barg solution setup

• 2 x 30Barg Electrolysers (1 backup)

• HPS (H2 purification)

• Control & Power cabinets

• 2 x Compressors (150 to 200barg)

• Interconnection equipment

• Nitrogen & PC station

• High pressure storage

• Supervision & Startup

Gresik – Indonesia

28

Complete Indoor hydrogen solutions

Confidential. Cannot be distributed without Hydrogenics' approval.

Setup 2: 150 to 200barg solution setup

Delivered

H2

H2

Demin Water

Control &

Power B

High pressure storage

(150 - 200bar)

Use

r p

roce

ss

Pressure reduction

Electrolyser

A (30barg)

Feed

water

tank

Feed

water

tank

Electrolyser

B (30barg)

N2 station

Cooling

Water

HPS*

HPS*

H2

Buffer

Tank

(60L)

Compressor

(150 to 200bar)

Buffer

Tank

(60L)

Compressor

(150 to 200bar)

Online purity

with blow off

Online purity

with blow off

Pressure reduction

Control &

Power A

Bottle/Rack filling station

Bottle Racks

Vacuum

pump

Optional

29

Complete Indoor hydrogen solutions

Confidential. Cannot be distributed without Hydrogenics' approval.

Setup 2: 150 to 200barg solution setup

Cooling

Water

Buffer

Tank

(60L)

Compressor

(150 to 200bar)

Buffer

Tank

(60L)

Compressor

(150 to 200bar)

H2

Demin Water

Control &

Power B

Electrolyser

A (30barg)

Feed

water

tank

Feed

water

tank

Electrolyser

B (30barg)

N2 station

HPS*

HPS*

H2

Online purity

with blow off

Online purity

with blow off

Control &

Power A

Bottle/Rack filling station

Bottle Racks

Vacuum

pump

Bottle/Rack filling station

Bottle Racks

Vacuum

pump

30

Complete Outdoor hydrogen solutionsContainerized systems advantages

• Fully integrated in 30Ft housing

• No building required

• Complete ventilation system

• All equipment interconnected inside the housing

• Limited zoning & footprint

• Lower investment costs

• 10 – 15 – 20 - 30Nm3/h

• 150 to 200barg

Confidential. Cannot be distributed without Hydrogenics' approval.

31

Complete Outdoor hydrogen solutionsContainerized systems: General purpose room

Confidential. Cannot be distributed without Hydrogenics' approval.

Control & Power Cabinet

Chiller

ROS system (option)

Easy inlet for power cables

32

Complete Outdoor hydrogen solutionsContainerized systems: Process room

Confidential. Cannot be distributed without Hydrogenics' approval.

Compressor (30 to 150-200barg

Electrolyser

Low pressure buffer vessel

33

Complete Outdoor hydrogen solutionsContainerized systems and peripherals

Confidential. Cannot be distributed without Hydrogenics' approval.

• 30Ft housing including:

• Electrolyser

• Compressor (160barg)

• HPS (H2 purification)

• Cooling

• Controls

• Bottle filling station

(storage and backup)

• Bottle racks

• Interconnection piping

• Supervision

• Startup

Shuaibah III – Saudi Arabia

34

Complete Outdoor hydrogen solutionsContainerized systems and peripherals

Confidential. Cannot be distributed without Hydrogenics' approval.

Design for Low Ambient

Temperature of -40C (-60C)Design for High Ambient

Temperature of 50C and

Desert/High Dust Concentration

Who we are, what we do

Hydrogenics’ technology

Our field experience & solutions

Hydrogenics’ value proposition

35

Confidential. Cannot be distributed without Hydrogenics' approval.

Our product added value

36

• Complete turnkey solutions

(H2 generator, compressor, storage, installation equipment, supervision & startup)

• Detailed installation and maintenance manuals

• No KOH losses

• Fully-automated production

• 30barg pressure (without compressor)

• Robust design and high reliability (many units in operation)

• Reduced and simple maintenance (limited moving parts, no KOH pump)

• Compliant to all major international standards

• Highest industrially available safety philosophy

Confidential. Cannot be distributed without Hydrogenics' approval.

Over 360 worldwide industrial units since 2001

37

Guatemala: Merchant Russia: Float Glass

Greece: Solar IndustryChina: Merchant Gas

Romenia: Float Glass

Ukraine: Metallurgy

For a variety of industrial applications from 10 to 480Nm3/h

Confidential. Cannot be distributed without Hydrogenics' approval.

10 Power plant projects every year

38

Shoiba, Saudi Arabia Camden, South Africa

Vung Hang, Vietnam Jiuquan, China

Kirishi, Russia

Verve Energy, Australia

Confidential. Cannot be distributed without Hydrogenics' approval.

Hydrogenics’s team added value

40

• Direct contact with the manufacturer

• Project Management team

• Support during civil works and project phase

• Team of 70 highly skilled people

• Safety and reliability is our main concern

• 60 years of experience and professionalism

• More than 360 units delivered since 2001

• ISO 9001, 14001 and OHSAS certified

• Worldwide start-up and After-sales service

• Recognized by major companies

Confidential. Cannot be distributed without Hydrogenics' approval.