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Vision H2 Expands Team

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Vlissingen, the Netherlands. October 19, 2021 – Vision H2 is pleased to share an update on the expansion of its team.

Vision H2 continues to make significant progress in realizing its objectives and has made a number of strategic hires, increasing its core team of highly experienced commercial and engineering professionals to ten individuals, with a plan to double the team headcount by Q2 2022 as the pace of business continues to increase.

Since commencing operation in early 2020, the Company has been successfully executing on its mission to design, develop and build scalable hydrogen production facilities at multiple strategic locations in Western Europe. Deploying only proven and commercial technologies in partnership with established energy-industry participants, the Company has been awarded permits for its initial electrolysis plant in Vlissingen, the Netherlands (see Company News Release October 12, 2021).

New hires include Paul Spoeltman, Head of Electrical Engineering; Bas Lavalaye, Commercial Manager focusing on business development and offtake partnerships; and Chris de Borst, Financial Controller.

Mr. Spoeltman brings over 40 years of experience working for organizations such as Engie Belgium and RWE Generation NL in the areas of power generation, storage and distribution, with core competencies in renewable energy, liquified gas and cryogenic systems including LNG, LPG and Hydrogen.

Mr. Lavalaye has spent 15 years working in the Dutch and Belgium energy market and has advised domestic and international customers on their purchase and consumption of renewable energy. He has extensive experience in preparing Power Purchase Agreements and previously was responsible for starting up the gas portfolio for Eneco in Belgium.

Mr. de Borst joins Vision H2 from Orsted Netherlands where he was responsible for finance, IT and treasury and served as a board member of the offshore windfarm Borssele 1&2. He oversaw the growth of the organization from 6 to 60 employees within 24 months and assisted in the successful divestment of 50% of the Borssele portfolio for €1.5 billion.

Mr. Hament has 20 years of experience in the energy markets with the last 10 years overseeing projects in the renewables market. Previously he has worked for Focus ON, Euroloop B.V. and E-On Benelux.

Mr. Brinkhof is a Civil Engineer with over 30 years of experience as a technical manager across the construction and telecom sectors and has spent 25 years working in the Dutch Ministry of Infrastructure (RWS).

The core team have developed and built wind, solar, biogas, biomass and CCGT energy projects, collectively worth over €4 billion Euros and will continue to work closely with Vision H2’s external engineering, technical and commercial partners to continue the successful development and delivery of the Company’s pioneering clean hydrogen production projects.

To accommodate the expanding team and to support operational coverage of a rapidly increasing inventory of project locations across the Benelux, France and Germany, VoltH2 has recently moved into new corporate head offices located in Bergen-op-Zoom, the Netherlands. This location is ideal due to its close proximity to the Belgium border and major road access to the Western borders of Germany.

About Vision Hydrogen Corporation

Vision Hydrogen is focused on hydrogen production for transportation and power requirements, with a goal of contributing to a clean-energy environment. Our commitment is to provide the highest-quality hydrogen production, storage and distribution services for the hydrogen economy supply chain, serving residential, commercial and government sector. Through its wholly-owned subsidiary VoltH2, Vision Hydrogen designs, develops, constructs and operates green hydrogen plants in Northwestern Europe, with production facilities being developed in Vlissingen and Terneuzen (the Netherlands). Plant production forecasts are to commence production output in 2023 and each plant will have the capacity to produce up to 3.5 million kilograms (3,500 tonnes) of green hydrogen per year, scalable up to a combined 24.5 million kilograms (24,500 tonnes). Strategically located within North Sea Port, the end product will be transportable by road, rail, waterways and pipeline. Local industry will be able to purchase green hydrogen in order to meet its environmental objectives. For more information visit www.visionh2.com.

Contact Information

Corporation/Investor Relations
95 Christopher Columbus Drive,
16th Floor Jersey City, NJ
07302 USA

551-298-3600

www.visionh2.com

Forward Looking Statements

Certain statements in this press release are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward-looking words such as “forecast”, “anticipate,” “believe,” “forecast,” “estimate,” “expect” and “intend,” among others. These forward-looking statements are based on current expectations, and actual results could differ materially. The Company does not undertake an obligation to update or revise any forward-looking statement. The information set forth herein speaks only as of the date hereof.