Truck and Track Spring 2024

www.truckandtrack.com Spring 2024 Truck and Track 5 BUSINESS NEWS with conventional gaseous hydrogen refuelling. The refuelling station has a small footprint of just 50 sq metres (not including the dispenser) and allows for configurations where several dispensers for parallel refuelling of trucks are possible, as well as back-to-back refuelling. The liquid hydrogen storage tank has a capacity of four tonnes, sufficient for approximately 10 hours of non-stop refuelling. Meanwhile, the capacity of the sLH2 fuel station can be increased to over eight tonnes per day with refilling. A lower initial investment and operational costs for the sLH2 technology is expected to ultimately result in lower total cost of ownership. Aim: Setting the Industry standard for liquid hydrogen refuelling Daimler Truck and Linde Engineering aim to make sLH2 the leading hydrogen refuelling technology for heavy-duty trucks. As a result, both companies offer a high level of transparency and openness around the relevant interfaces of the jointly developed sLH2 technology. The technology has been standardised in an open ISO process and is available to all interested parties. Now Daimler Truck and Linde Engineering call upon other OEMs, infrastructure companies and associations to apply the new liquid hydrogen standard and thereby establish a global mass market for the process. Safe, fast and simple refuelling with hydrogen In contrast to current liquid hydrogen (LH2) refuelling, the sLH2 process is similar to the convenience of current diesel refuelling technology. Due to robust insulation, the refuelling hose and the design of the interfaces between the nozzle and fuel tank, the process is safe without the possibility of spillage. Therefore, the protective measures required for sLH2 refuelling are comparable to those required for diesel. During the refuelling process, cryogenic liquid hydrogen at minus 253°C can be filled into two connected 40 kg tanks mounted on either side of the truck chassis without the need for special safety gear. The sLH2 technology allows for high flow delivery of more than 400 kg of hydrogen per hour and filling 80 kg of liquid hydrogen can be completed in ten to fifteen minutes. Finally, the new process avoids what are known as boil-off effects and “return gas” (gas from the vehicle’s tank returning to the filling station) and therefore only one nozzle is needed to fill the tanks, making sLH2 technology easier to handle. The new refuelling station in Wörth will be provided with liquid hydrogen by Linde, which has the largest liquid hydrogen capacity and distribution system in the world. Liquid hydrogen enables a range of 1,000 km and more Daimler Truck prefers liquid hydrogen in the development of hydrogen-based drives. In this aggregate state, the energy carrier has a far higher energy density in relation to volume than gaseous hydrogen. As a result, the tanks of a fuel-cell truck using liquid hydrogen are more cost efficient compared to the carbon tanks used for gaseous hydrogen. And due to the lower pressure, they are also significantly lighter. The technology thus enables a higher payload and, at the same time, more hydrogen can be carried, which significantly increases the trucks’ range. This makes the Mercedes-Benz GenH2 Truck, like conventional diesel trucks, suitable for flexible and demanding long-haul transport. This was demonstrated in September 2023, when a prototype of the Mercedes-Benz GenH2 Truck approved for public roads completed Daimler Truck’s #HydrogenRecordRun, covering 1,047 km of distance driven on one fill of 80 kg of liquid hydrogen. The company aims to introduce the series version of the fuel-cell truck in the second half of the decade. sLH2 to be implemented in Mercedes-Benz GenH2 Truck customer-trial fleet From mid-2024 onward, five companies are expected to take part in initial customer trials to gain first experience in CO2free long-distance transport with Mercedes-Benz GenH2 Trucks. The semi-trailer tractors will be deployed in different long-haul applications on specific routes within Germany, and they will be refuelled at the now open public sLH2 refuelling station in Wörth am Rhein and at a refuelling station in the Duisburg area. Daimler Truck and its partner companies are thus creating a lighthouse project with the aim to demonstrate that decarbonised transport with hydrogen-powered trucks is already possible today. However, for the transformation to succeed, it will be necessary in the coming years to ensure the buildup of an international refuelling infrastructure and a sufficient supply of green liquid hydrogen. The nomination committee in VBG Group AB proposes that Anders Birgersson to be elected as the new Chairman of the Board at the annual general meeting on May 2, 2024. VBG Group has been established on Nasdaq OMX Stockholm’s Mid Cap list for several years. VBG Group’s ownership structure, with a solid base of long-term and stable owners combined with a well-proven business model and stable finances, has led to a favorable earnings trend that creates value for both customers and shareholders. The Group has a clear strategy with the ambition to achieve continued sustainable and profitable growth. The current Chairman, Johnny Alvarsson, has successfully led the Board’s work during times of challenges and major changes for VBG Group, such as the Covid-19 pandemic and its impact on society and the world economy. Johnny has also contributed with great success by effectively leading the Board’s work and the maintenance of VBG Group AB, following the transformative acquisition of Mobile Thermal Solutions. With the intention of ensuring the continuity of corporate governance in good time, the nomination committee makes the assessment that it is now an appropriate time to propose a new Chairman of the Board in VBG Group AB. The nomination committee proposes the current Board member, Anders Birgersson, as the new Chairman of the Board. Anders has several years’ experience of Board work within companies in industry, technology trade, medical technology and the banking sector. Board assignments that include both listed and ownermanaged family companies as well as subsidiaries within nonlisted investment companies. Anders Birgersson held the position as President and CEO of VBG Group during the years 2001 – 2022, until January 1, 2023, when Anders Erkén took over as new President and CEO. The Nomination Committee’s complete proposal will be published at the latest in connection with the call to the 2024 Annual General Meeting. The selection committee consists of Göran Bengtsson, chairman of the Herman Krefting Foundation for Allergy and Asthma Research, Johan Lannebo, Lannebo Fonder, Richard Torgerson, Nordea Funds Ltd. and Johnny Alvarsson, current chairman of VBG Group. Johnny Alvarsson is co-opted in his capacity as chairman of the board. www.vbggroup.com The nomination committee proposes a new Chairman of the Board in VBG Group AB

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