World's first offshore hydrogen plant soon powered by Floatgen

BW Ideol and Centrale Nantes welcome the launch of the world's first offshore
hydrogen production unit which will be powered by BW Ideol's landmark floating
offshore wind turbine operating successfully off France's west coast since
2018. This pioneering clean hydrogen project is led by Lhyfe, a leading producer
and supplier of green hydrogen for mobility and industry.

The « Sealhyfe » hydrogen production facility will be, after a phase of dockside
tests, connected to BW Ideol's floating wind unit anchored and operating at the
Ecole Centrale de Nantes' SEM-REV site for the last 4 years. This offshore pilot
site meets all the necessary conditions to validate the offshore hydrogen
production technology before large-scale industrial deployment, aiming first and
foremost at demonstrating the reliability of an electrolyser at sea.

"Lhyfe's project is an important and much needed step towards the development of
integrated and autonomous renewable power production systems, using floating
wind and green hydrogen in this specific instance. Developing such solutions is
essential to accelerate the energy transition," said Paul de la Guérivière, the
CEO of BW Ideol. "Being the floating wind asset owner and being responsible for
the day-to-day operations and maintenance of the asset, we look forward to
studying all aspects of the interaction between the wind turbine and the
hydrogen production system. This added return on experience will further
contribute to BW Ideol's unique preparedness for the development and execution
of future commercial-scale deployments."

"This exceptional demonstrator, tested on the SEM-REV offshore test site,
associates Centrale Nantes with a strong ambition: to make offshore renewable
hydrogen a reality. This world premiere is a source of great pride for the
school" announces Jean-Baptiste Avrillier, director of Centrale Nantes. "This
ambitious project confirms the role of our SEM-REV site in accelerating the
development of renewable marine energies and the active contribution of the
school to meet the challenges of energy transition"

About BW Ideol:
BW Ideol is a leading fully integrated platform in floating offshore wind with
more than 10 years of experience from design, execution and development of
floating wind projects based on Ideol S.A.'s patented floating offshore wind
technology and engineering capabilities. The company has a dual-leg growth
strategy as a floater EPCI and maintenance services provider and as a wind-farm
project developer and co-owner. BW Ideol has two full-scale offshore floating
wind turbines in operation in France and Japan, a significant project pipeline,
and is supported by BW Offshore's extensive experience from developing and
operating offshore energy production systems.
Contact : Nicolas de Kerangal, Chief Financial & Partnerships Officer at BW
Ideol - ir@bw-ideol.com

About Centrale Nantes :
Founded in 1919, Centrale Nantes is a French engineering school and member of
the Ecoles Centrale Group. The school boasts excellent rankings: top ten
engineering school in France (L'Etudiant 2022), top 250 worldwide for
engineering (Times Higher Education 2022) and no.1 in the first ever ranking of
engineering schools to change the world, compiled by Les Echos START and
ChangeNOW. Its undergraduate, Master and PhD programmes are based on the latest
scientific and technological developments and the best management practices.
With strong international outreach, 43% of its student body are international
students, representing more than 87 nationalities. Partnership agreements are in
place with 178 universities in 48 countries and two-thirds of students follow a
double degree programme abroad. At Centrale Nantes, research and training are
organised into three key areas for growth and innovation: manufacturing, energy
transition and healthcare. With research platforms ranging from digital
simulation to prototyping with full?scale models, and a joint incubator - with
Audencia and ensa Nantes - which has 20 years of experience in supporting start-
up projects, the school has two major tools for innovation and creation, working
hand-in-hand with industry. Through a proactive approach of collaborative
research between laboratories and industry, Centrale Nantes is developing
initiatives for the creation of international chairs, of which there are 15 to
date.
Learn more: www.ec-nantes.fr (http://www.ec-nantes.fr/). Media Library:
https://phototheque.ec-nantes.fr/ /  @CentraleNantes
(https://twitter.com/CentraleNantes)

This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act