Excelerate Energy
Excelerate Energy is a US-based LNG company that operates the world's largest FSRU fleet (10 vessels, 20% global market share), providing floating LNG import, storage, and regasification services to governments, state utilities, and power companies across emerging markets under long-term take-or-pay contracts.
- Company typePublic
- Founded2003
- HeadquartersThe Woodlands, United States
- Headcount501–1,000
- GTM typeB2B
- OfferingServices
What Excelerate Energy does
Excelerate Energy is a US-based LNG infrastructure company founded in 2003 and headquartered in The Woodlands, Texas, listed on the NYSE under ticker EE since 2022. The company pioneered the floating LNG industry with its first offshore LNG terminal (Gulf Gateway Deepwater Port) in 2005 and today operates the world's largest fleet of FSRUs (Floating Storage Regasification Units) with 10 vessels, representing 20% of global FSRU market share and 27% of global regasification capacity. Core technology includes proprietary GasPort dockside ship-to-ship transfer configuration, dual submerged turret-loading buoy systems, and the integrated E-FIT (Excelerate Flexible Integrated Terminal) model that bundles development, design, construction, installation, finance, and operation under a single contract. The fleet comprises vessels such as the FSRU Experience, Excellence, Exemplar, Exquisite, Explorer, Excelsior, and the newbuild Excelerate Acadia (delivery June 2026).
The company serves governments, state-owned utilities, power generators, industrial users, and natural gas distributors primarily in emerging markets, with operations across 13+ countries including Bangladesh, Pakistan, UAE, Brazil, Argentina, USA, Germany, Finland, Israel, Jamaica, Iraq (development), and Vietnam. Customers are predominantly sovereign and quasi-sovereign entities such as Petrobangla, Engro, Petrobras, ADNOC, Gasgrid Finland, and the German and Iraqi governments. Revenue is generated through four streams: (1) FSRU time charter revenues under 10-15 year take-or-pay contracts, (2) LNG and natural gas sales to end customers, (3) EPCIC and terminal operations, and (4) LNG supply procurement and trading. Over 90% of adjusted EBITDA is anchored in long-term take-or-pay contracts, with approximately $7 billion in future contracted revenue across a 7-year average duration. Pricing is not publicly disclosed; contracts are negotiated bilaterally with sovereigns and state utilities.
The company's go-to-market combines enterprise field sales to governments and direct LNG/gas sales to industrial customers in newly liberalized markets. Distribution is supported by 16 regional offices across the Americas, EMEA, Middle East, and Asia Pacific. Recent strategic moves include the $1.055 billion acquisition of New Fortress Energy's Jamaica assets in May 2025 (integrated LNG and power platform), a binding agreement for Iraq's first LNG import terminal signed October 2025, and the naming of new FSRU Excelerate Acadia at HD Hyundai Heavy Industries in March 2026. Q1 2026 revenue was $433.44 million with net income of $12.32 million.
Excelerate Energy firmographics
Firmographics- Name
- Excelerate Energy
- Legal name
- Excelerate Energy, Inc.
- Website
- https://excelerateenergy.com
- Company type
- Public
- Founded year
- 2003
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Excelerate Energy is a US-based LNG company that operates the world's largest FSRU fleet (10 vessels, 20% global market share), providing floating LNG import, storage, and regasification services to governments, state utilities, and power companies across emerging markets under long-term take-or-pay contracts.
- Ownership category
- akta.pro rank
Excelerate Energy industry classification
Industry- Product category
- LNG Infrastructure Services
- NAICS
- Pipeline Transportation of Natural Gas (48621), Natural Gas Distribution (221210)
- SIC
- Oil & Gas Field Machinery & Equipment (3533), Industrial Instruments For Measurement, Display, And Control (3823)
- akta.pro primary industry
- LNG Regasification Terminals (Onshore & FSRU) (EUALAFAB)
- akta.pro secondary industries
- LNG Import/Export Terminals & Storage (Regas, Peak Shaving, Small-Scale LNG) (EUALAEAD), LNG Import/Export Terminals (Liquefied Natural Gas) (TLAHABAL)
Keywords
Where Excelerate Energy is headquartered
LocationHeadquarters
- HQ city
- The Woodlands
- HQ country
- United States
- HQ region
- North America
Offices14 records
Markets served
Excelerate Energy business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Personnel, Operations, Supply Chain, Marketing or Sales, Technology or R&D
Revenue model
- FSRU and Terminal Services: Time charter revenues from deploying FSRUs to customers for regasification services, typically 10-15 year contracts with take-or-pay provisions
- Gas and Power Sales: Sale of natural gas to end customers in newly liberalized gas markets, including power utilities, industrial users, and distribution companies
- LNG Terminal Development and Operations: EPCIC (Engineering, Procurement, Construction, Installation, Commissioning) and operation of integrated LNG import terminals under long-term agreements
- LNG Supply: Procurement and sale of LNG to customers under supply agreements, leveraging global sourcing capabilities and logistics expertise
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | Long-term FSRU charter agreements |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels5 records
Excelerate Energy product offering
Product offeringCore offering
Excelerate Energy designs, deploys, and operates floating LNG import terminals using its fleet of FSRUs (Floating Storage and Regasification Units). Through its proprietary E-FIT model, the company provides fully integrated turnkey LNG solutions covering development, design, construction, installation, finance, and operation under long-term contracts. The company also engages in LNG marketing, supply, and direct gas sales to downstream markets.
Product overview
Excelerate Energy is a US-based LNG company offering flexible, fully integrated LNG solutions. The core offering centers on FSRU (Floating Storage & Regasification Unit) services and the E-FIT (Excelerate Flexible Integrated Terminal) model, which bundles development, design, construction, finance, and operation under a single contract. The company operates a fleet of 10+ FSRUs globally, providing regasification services at terminals in Bangladesh (Moheshkhali Floating LNG, Summit LNG), Argentina (GNL Escobar), Brazil (Guanabara Bay, Bahia TR-BA), USA (Northeast Gateway), UAE (Jebel Ali, Ruwais), Pakistan (Engro Elengy), and Finland. Additional services include LNG Marketing for supply and distribution, and integrated LNG, Gas and Power solutions connecting global LNG supply to downstream markets. The company recently expanded into Jamaica (2025) and is developing Iraq's first LNG import terminal (2025-2027).
Differentiator
Problem solved
Functional benefit
Brands
- E-FIT (Excelerate Flexible Integrated Terminal): Integrated LNG import terminal offering that bundles everything needed to access LNG into a single interface
- GasPort
- Hadera Deepwater LNG Terminal
- Luzon LNG
Quantifiable outcome
- 99.8-99.9% operational reliability across asset portfolio
- +6 more outcomes
Companies that use Excelerate Energy
Customer profileNamed customers12 records
Segments4 records
Ideal customer profiles3 records
Excelerate Energy technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Excelerate Energy partnerships and signals
Strategic signalPartnerships
13 partnerships are on record, tiered core and strategic.
- Jordan National Electric Power Company (NEPCO)coreNine-month time charter for FSRU Excelerate Acadia at LNG facility in Aqaba, expected to begin operations mid-2026 and generate approximately $20 million adjusted EBITDA in 2026.
- Iraq Ministry of ElectricitycoreBinding commercial agreement for Iraq's first integrated LNG import terminal at Khor Al Zubair. Five-year regasification and LNG delivery agreement with baseline offtake of 250 MMscf/d. Capital costs of $520-550 million, with operations expected to start in 2027.
- PV GasstrategicStrategic partnership for U.S. LNG supply to Vietnam market, supporting Excelerate's expansion in Southeast Asia.
- PTSC (Vietnam)strategicPartnership to study FSRU-based solutions in Vietnam, exploring opportunities for LNG import infrastructure development.
- Federal Republic of Germanycore5-year charter for FSRU Excelsior at Wilhelmshaven LNG import terminal. Supports Germany's energy security and diversification from Russian gas.
- Hyundai Heavy Industries (HHI)coreShipbuilding contract for new FSRU with 170,000 m3 storage capacity and 1,000 MMscf/d regasification capacity, delivery June 2026. First FSRU built by HHI for Excelerate.
- Gasgrid Finlandcore10-year time charter party agreement for LNG regasification services in Finland. FSRU Exemplar providing regasification capacity to support Finland's energy security.
- Summit Power InternationalcoreSummit LNG Terminal Company chartering FSRU from Excelerate for Bangladesh's second LNG terminal. 15-year agreement with 500 MMscf/d send-out capacity.
- Petrobangla (Bangladesh)core15-year agreement for Moheshkhali Floating LNG terminal operations. World first fully integrated turnkey floating LNG terminal. Provides up to 500 MMscf/d of regasification capacity.
- Engro Corporation (Pakistan)corePakistan's first LNG terminal at Port Qasim with FSRU Exquisite. 15-year charter with the most utilized FSRU in the industry providing up to 690 MMcf/d.
- Petrobras (Brazil)core15-year time charter for FSRU Experience at Guanabara Bay LNG terminal. Provides 170,000 m3 storage capacity and 22.5 million cubic meters/day sendout capability.
- QatarEnergycoreLNG supply agreements for Bangladesh, providing cargoes under long-term contracts. Force majeure notices issued in March 2026 due to Strait of Hormuz closure.
- Engro Elengy Terminal Pakistan LtdcorePartnership with World Bank Group and Royal Vopak for Pakistan's first LNG terminal at Port Qasim, Karachi.
Scale indicators8 records
Recent moves10 records
Expansion highlights6 records
Excelerate Energy competitors and assessment
Company assessmentDirect peers
- Höegh LNG: One of the original major independent FSRU operators and Excelerate's most direct competitor. Operates a global FSRU fleet serving similar government and utility customers on long-term charters, directly competing for new FSRU awards.
- Golar LNG: Major floating LNG infrastructure company operating FSRUs and FLNGs globally. Competes with Excelerate for floating regasification contracts and is a technology peer in vessel-based LNG solutions.
- New Fortress Energy: Develops and operates fast LNG and floating LNG infrastructure with a focus on small-scale and mid-scale LNG import terminals. Direct competitor in floating LNG solutions, particularly in emerging markets, and was the seller of Jamaica assets acquired by Excelerate.
- Awilco LNG: Owns and operates a small fleet of LNG carriers with FSRU-capable vessels, competing with Excelerate for mid-term and seasonal regasification charter opportunities, particularly in European markets.
Emerging players
- Stolt-Nielsen Gas: Operates small-scale LNG distribution and bunker vessel infrastructure. Provides overlapping capabilities in the LNG-to-power and small-scale LNG distribution space, with growing competition in niche markets where Excelerate's larger FSRUs are oversized.
- AG&P (Atlantic, Gulf and Pacific Company): Develops and operates LNG import terminals and downstream gas infrastructure in emerging markets, particularly South and Southeast Asia. Competes with Excelerate in smaller-scale and developing-market LNG terminal projects.
Broad incumbents
- Snam: Major European natural gas infrastructure operator that is a partner with Excelerate on the Albania Vlora LNG project. Operates onshore LNG regasification terminals and competes for large-scale LNG infrastructure projects in Mediterranean and European markets.
- Royal Vopak: Global independent tank storage operator with LNG terminal joint ventures (including the Engro Elengy Terminal partnership with Excelerate in Pakistan). Competitor and partner in LNG storage and regasification infrastructure globally.
Regional players
- Engro Corporation: Pakistan's largest conglomerate and Excelerate's customer/partner for the Engro Elengy Terminal (Pakistan's first LNG terminal). Operates the offtake and gas distribution side of the project, representing a regional counterpart with overlapping LNG infrastructure interests.
Others
- Flex LNG: Pure-play LNG carrier owner-operator. While not a direct FSRU competitor, Flex LNG is a related marine LNG platform whose vessel economics and shipyard capacity decisions influence the broader floating LNG services market in which Excelerate operates.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Excelerate Energy social profiles
Digital presenceExcelerate Energy compliance and trust
Trust signalCompliance1 record
Excelerate Energy financial estimates
Financial estimateRevenue estimate
Valuation estimate
Excelerate Energy leadership team
Management profileNumber of profiles
Profiles8 records
Excelerate Energy subsidiaries and ownership
Company hierarchySubsidiaries9 records
Excelerate Energy funding detail
Funding detailFunding overview
Funding rounds3 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Excelerate Energy M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Excelerate Energy
What does Excelerate Energy do?
Excelerate Energy designs, deploys, and operates floating LNG import terminals using its fleet of FSRUs (Floating Storage and Regasification Units). Through its proprietary E-FIT model, the company provides fully integrated turnkey LNG solutions covering development, design, construction, installation, finance, and operation under long-term contracts. The company also engages in LNG marketing, supply, and direct gas sales to downstream markets.
Is Excelerate Energy a public or private company?
Excelerate Energy is a public company. It is classified as public and is currently operating.
When was Excelerate Energy founded?
Excelerate Energy was founded in 2003. It employs 501 to 1,000 people.
Where is Excelerate Energy based?
Excelerate Energy is headquartered in The Woodlands, United States, in the North America region.
How does Excelerate Energy make money?
Four revenue lines are on record. FSRU and Terminal Services are the primary driver. The others are gas and Power Sales, LNG Terminal Development and Operations and LNG Supply.
Who are Excelerate Energy's main competitors?
Direct peers on record are Höegh LNG, Golar LNG, New Fortress Energy and Awilco LNG. Emerging players are Stolt-Nielsen Gas and AG&P (Atlantic, Gulf and Pacific Company). Broad incumbents are Snam and Royal Vopak. Engro Corporation is listed as a regional player. Flex LNG is listed as an others.
Does Excelerate Energy have an API?
No public API is recorded for Excelerate Energy.
What industry is Excelerate Energy in?
Excelerate Energy's product category is LNG Infrastructure Services. Its primary akta.pro industry code is EUALAFAB, LNG Regasification Terminals (Onshore & FSRU), with a secondary code of EUALAEAD, LNG Import/Export Terminals & Storage (Regas, Peak Shaving, Small-Scale LNG). Its NAICS code is 48621 and its SIC code is 3533.