Eternal Power
Eternal Power GmbH is a Hamburg-based, privately held developer of green hydrogen and its derivatives (ammonia, methanol, synthetic fuels), serving industrial, chemical, mobility, and shipping customers via long-term offtake agreements and a DACH-region Hydrogen-as-a-Service offering, with a 5+ GW project pipeline across four continents.
- Company typePrivate
- Founded2021
- HeadquartersHamburg, Germany
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What Eternal Power does
Eternal Power GmbH is a Hamburg-based, privately held green hydrogen developer founded in April 2021 by a team of five renewable energy, shipping, and logistics specialists. The company positions itself as a fully integrated global mass producer of green hydrogen and its derivatives, covering the value chain from global site scouting and proprietary renewable energy generation through electrolysis-based hydrogen production to conversion into green ammonia, green methanol, and synthetic fuels for international shipping. Its technology stack centers on water electrolysis powered by solar PV and wind, with a proprietary optimization tool that selects and sizes renewable assets to minimize electricity costs over a 20-year horizon.
Eternal Power sells green hydrogen and derivatives to industrial offtakers, including chemical and fertilizer producers, utilities, energy traders, and shipping/logistics companies, primarily through long-term 10-15 year take-or-pay Hydrogen Purchase Agreements. In the DACH region the company also offers a Hydrogen-as-a-Service (HAAS) subscription product for 1-20 MW projects, under which customers provide grid access, water, and site while Eternal Power handles planning, construction, and operations. Its commercial footprint spans four continents with active JV and project activity in Germany, UAE, Brazil, Turkey, Vietnam, Sweden, Chile, Spain, Namibia, and Portugal, including a 500 MWp+ UAE green ammonia project with KMK Group, a 3+ GW Vietnam JV across three phases, and a 2.3 billion EUR pre-contracted Dummerstorf facility scheduled to produce 8,000 tonnes/year of green hydrogen by 2028.
The company has assembled a leadership team with deep sector pedigree, including former EnBW CEO Dr. Frank Mastiaux and Dieter Ammer as Shareholder and Senior Advisors, and Dr. Daniel Gerner (formerly CFO of GP JOULE Group and founder of its hydrogen subsidiary) as Managing Director and CFO. Capital sources to date include a founding investment from Grazia Equity in August 2021 and a 2 million EUR crowd investment round closed in October 2025 via the WIWIN platform, with additional tranches planned for January 2026. Eternal Power is a founding member of the TransHyDe 2.0 initiative, a member of the Emirati-German Hydrogen Task Force, and the 2026 winner of the German Sustainability Award in the Fuel Industry category, beating Linde and Neste.
Eternal Power firmographics
Firmographics- Name
- Eternal Power
- Legal name
- Eternal Power GmbH
- Website
- https://eternal-power.de
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Eternal Power GmbH is a Hamburg-based, privately held developer of green hydrogen and its derivatives (ammonia, methanol, synthetic fuels), serving industrial, chemical, mobility, and shipping customers via long-term offtake agreements and a DACH-region Hydrogen-as-a-Service offering, with a 5+ GW project pipeline across four continents.
- Ownership category
- akta.pro rank
Eternal Power industry classification
Industry- Product category
- Green Hydrogen Production
- NAICS
- Solar Electric Power Generation (221114), Wind Electric Power Generation (221115)
- akta.pro primary industry
- Hydrogen (Industrial & Mobility) (IMAEACAB)
- akta.pro secondary industries
- Hydrogen Production Supply & Offtake (Green/Blue H2) for Utility Blending (EUAJAJAF), Hydrogen Energy Storage & Power-to-X Equipment (electrolyzers, storage, fuel cell systems) (IMAGAHAM), Renewable Distributed Generation (Rooftop/Onsite Solar, Small Wind, Small Hydro) (EUACALAJ)
Keywords
Where Eternal Power is headquartered
LocationHeadquarters
- HQ city
- Hamburg
- HQ country
- Germany
- HQ region
- Europe
Offices2 records
Markets served
Eternal Power business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Infrastructure, Supply Chain, Personnel, Technology or R&D, Operations
Revenue model
- Green Hydrogen and Derivatives Sales: Sale of green hydrogen and its derivatives (green ammonia, green methanol, synthetic fuels) to industrial customers including utilities, fertilizer producers, chemical companies, and shipping/logistics groups via long-term supply agreements.
- Hydrogen-as-a-Service (HAAS): Full-service offering where customers provide grid access, water, and site while Eternal Power handles planning, construction, operations, and guaranteed green hydrogen delivery via long-term Hydrogen Purchase Agreements. Reduced CAPEX, full reliability, and onsite delivery without operational hassle for the customer.
- Crowd Investment: Crowd investment campaigns through WIWIN platform to raise capital from retail investors, with 2 million EUR raised in Q4 2025 and additional tranches planned for January 2026 via CONDA Capital Group and Bettervest.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels6 records
Eternal Power product offering
Product offeringCore offering
Eternal Power is a fully integrated global producer of green hydrogen generated via water electrolysis powered by renewable energy sources. The company develops, finances, builds and operates production facilities and converts green hydrogen into transportable derivatives including green ammonia, green methanol, and synthetic fuels for sale to industrial customers worldwide. It also offers a Hydrogen-as-a-Service (HAAS) model for 1-20 MW projects in the DACH region.
Product overview
Eternal Power operates as a fully integrated green hydrogen company offering both core products and services. The portfolio consists of Green Hydrogen as the primary product, complemented by the Hydrogen-as-a-Service (HAAS) offering for the DACH region (projects 1-20 MW), and derivative products including Green Ammonia, Green Methanol, and Synthetic Fuels for global customers. The company covers the entire value chain from site assessment and renewable energy production to hydrogen generation and conversion into transportable derivatives, positioning itself as a global mass producer of green hydrogen and its derivatives for decarbonizing hard-to-abate industries.
Differentiator
Problem solved
Functional benefit
Products and services
- Green Hydrogen
- Hydrogen-as-a-Service (HAAS)
- Green Ammonia
- Green Methanol
- Synthetic Fuels Synthetic fuels produced as hydrogen derivatives sold and transported to customers globally, particularly for maritime and aviation applications including sustainable aviation fuels (SAF).
Quantifiable outcome
- Target green hydrogen production cost of 3 EUR/kg by 2030 in optimal locations
- +3 more outcomes
Companies that use Eternal Power
Customer profileNamed customers5 records
Segments5 records
Ideal customer profiles5 records
Eternal Power technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Eternal Power partnerships and signals
Strategic signalPartnerships
15 partnerships are on record, tiered core, minor and major.
- Hydropulse GmbH (ITM Power subsidiary)coreStrategic partnership to accelerate deployment of industrial hydrogen projects across Germany. Combines Hydropulse's technology access and 'hydrogen-as-a-service' model with Eternal Power's on-the-ground development expertise and customer access. Targets industrial hydrogen users where the HAAS model removes traditional capex and investment risk barriers.
- TransHyDe 2.0coreFounding member of newly established TransHyDe 2.0 initiative officially launched in Berlin. Supports market ramp-up of hydrogen and development of comprehensive hydrogen infrastructure in Germany and Europe.
- airegminorMembership in aireg (Aviation Initiative for Renewable Energy in Germany). Supports sustainable aviation through hydrogen-based SAF production (PTL-SAF) enabling mass production and adoption of sustainable aviation fuels.
- KMK Group LimitedcoreJoint venture company Eternal Power Middle East LLC registered in MASDAR Free Zone, Abu Dhabi. Bundles all regional operations in UAE for green ammonia production of at least 500 MWp with planned expansions.
- Emirati-German Hydrogen Task ForcecoreInvited by UAE Ministry of Energy and Infrastructure and German Federal Ministry for Economic Affairs and Climate Action to join task force creating network between governments, industry and research institutes. Objective to develop recommendations and identify strategic bilateral energy projects.
- Vietnamese Local PartnermajorJoint Venture Agreement to develop green hydrogen production sites for export and local off-take. Three-phase construction plan: 200,000 tonnes green ammonia (phase 1), ramp-up to 500,000 tonnes (phase 2), 80,000 tonnes liquid hydrogen (phase 3). Total capacity 3+ GW.
- H2Global FoundationminorMembership in H2Global Foundation to adopt an active role in promoting the green hydrogen sector.
- Turkish GroupmajorJoint Venture Agreement with established Turkish group to set up JV company for developing, financing, building and operating green hydrogen production facilities in Turkey and region with at least 1 GW installed renewable energy capacity.
- SOMA Group and Partners (Brazil)majorMoU with four local partners led by SOMA Group to develop green hydrogen production facilities of up to 1 GW electrolyzer capacity in Ceará Export Processing Zone adjacent to Port of Pecém.
- H2 Global StiftungminorPartner logo displayed on website.
- F. LaeiszminorPartner logo displayed on website.
- GASCADEminorPartner logo displayed on website, pipeline infrastructure partner.
- Methanol InstituteminorPartner logo displayed on website.
- H2UBminorPartner logo displayed on website, hydrogen user group.
- Deutscher Wasserstoff- und Brennstoffzellen-Verband (DWV)minorPartner logo displayed on website, German hydrogen association.
Scale indicators11 records
Recent moves6 records
Expansion highlights6 records
Eternal Power competitors and assessment
Company assessmentDirect peers
- ITM Power: UK-based PEM electrolyzer manufacturer and green hydrogen project developer. Both direct competitor in electrolyzer-based green hydrogen production and strategic partner via Hydropulse GmbH for German HAAS deployment. Closely aligned on technology stack and customer segments in industrial decarbonization.
- Nel ASA: Norwegian electrolyzer and hydrogen fueling solutions company developing large-scale green hydrogen production projects globally. Comparable as a fully integrated electrolyzer-plus-project developer pursuing the same industrial and mobility offtake markets, with similar pressure on cost reduction.
- Sunfire: Germany-based electrolyzer and Power-to-X developer producing green hydrogen, e-fuels, and synthetic fuels. Closest direct competitor on German home turf, with overlapping industrial offtake customers and shared participation in TransHyDE 2.0 and similar German hydrogen programs.
- Plug Power: US-based green hydrogen producer and fuel cell solutions provider with vertical integration across production, distribution, and end-use mobility applications. Comparable in green hydrogen production scale-up ambitions and targeting mobility and industrial offtakers globally.
- thyssenkrupp nucera: German alkaline electrolyzer manufacturer pursuing large-scale green hydrogen projects. Comparable technology partner/customer in the German industrial hydrogen ecosystem, with overlapping industrial offtake segments and EU policy exposure.
Broad incumbents
- Linde: Global industrial gases leader with extensive hydrogen production, distribution, and offtake infrastructure. Direct overlap on industrial hydrogen supply to chemical, refining, and mobility customers, but with established balance sheet, scale, and customer relationships that dwarf Eternal Power. Also a competing finalist at the German Sustainability Award 2026.
- Air Liquide: Global industrial gases major with significant hydrogen and derivative product lines serving chemical, refining, and mobility customers. Comparable on end-customer segments, with substantially greater scale, established infrastructure, and project finance capacity.
- Cummins (Accelera): Diversified powertrain company with hydrogen electrolyzer and fuel cell subsidiary targeting industrial and heavy-duty mobility decarbonization. Comparable in targeting heavy-duty transport offtake and PEM electrolyzer deployment at industrial scale, with substantially greater corporate resources.
Emerging players
- HIF Global: Chile-based e-fuels producer using green hydrogen for synthetic gasoline, diesel, and SAF. Comparable in targeting Chile as an optimal-site location and in producing synthetic fuels/ammonia derivatives for export, with overlapping shipping and aviation end-markets.
- H2 Green Steel: Swedish green steel producer commissioning one of Europe's largest green hydrogen electrolyzer installations. Comparable in scale of green hydrogen offtake, Northern European industrial decarbonization focus, and reliance on policy/regulatory tailwinds in the same TransHyDE/H2Global ecosystem.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Eternal Power social profiles
Digital presenceEternal Power financial estimates
Financial estimateRevenue estimate
Valuation estimate
Eternal Power leadership team
Management profileNumber of profiles
Profiles9 records
Eternal Power subsidiaries and ownership
Company hierarchySubsidiaries1 record
Eternal Power funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Eternal Power M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Eternal Power
What does Eternal Power do?
Eternal Power is a fully integrated global producer of green hydrogen generated via water electrolysis powered by renewable energy sources. The company develops, finances, builds and operates production facilities and converts green hydrogen into transportable derivatives including green ammonia, green methanol, and synthetic fuels for sale to industrial customers worldwide. It also offers a Hydrogen-as-a-Service (HAAS) model for 1-20 MW projects in the DACH region.
Is Eternal Power a public or private company?
Eternal Power is a private company. It is classified as venture growth investor backed and is currently operating.
When was Eternal Power founded?
Eternal Power was founded in 2021. It employs 11 to 50 people.
Where is Eternal Power based?
Eternal Power is headquartered in Hamburg, Germany, in the Europe region.
How does Eternal Power make money?
Three revenue lines are on record. Green Hydrogen and Derivatives Sales are the primary driver. The others are hydrogen-as-a-Service (HAAS) and crowd Investment.
Who are Eternal Power's main competitors?
Direct peers on record are ITM Power, Nel ASA, Sunfire, Plug Power and thyssenkrupp nucera. Broad incumbents are Linde, Air Liquide and Cummins (Accelera). Emerging players are HIF Global and H2 Green Steel.
Does Eternal Power have an API?
No public API is recorded for Eternal Power.
What industry is Eternal Power in?
Eternal Power's product category is Green Hydrogen Production. Its primary akta.pro industry code is IMAEACAB, Hydrogen (Industrial & Mobility), with a secondary code of EUAJAJAF, Hydrogen Production Supply & Offtake (Green/Blue H2) for Utility Blending. Its NAICS code is 221114.