Green Energy Park
Green Energy Park is a vertically integrated green hydrogen and ammonia developer building a 10.8 GW production facility in Brazil, a 10 Mt/year import terminal in Croatia, and partnerships serving hard-to-abate industries including steel, shipping, and food and beverage across Europe and globally.
- Company typePrivate
- Founded2023
- HeadquartersOmisalj, Croatia
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What Green Energy Park does
Green Energy Park (GEP Global B.V.) is a Netherlands-incorporated, vertically integrated green hydrogen and ammonia developer founded in 2023 and headquartered in Rotterdam, with operating subsidiaries across Croatia, Brazil, the US, Germany, Belgium, Italy, and Lithuania. Its core technology is large-scale electrolyzer-based green hydrogen production combined with deep engineering expertise in world-scale cryogenic gas handling and storage inherited from LNG and ammonia industries. The company's two flagship assets are Green Energy Park Piauí, a 10.8 GW electrolyzer facility planned on 310 hectares in Brazil's special economic zone of Parnaíba adjacent to the Luís Correia port, and Green Energy Park Krk, a 10 million tonnes per year ammonia import, storage, and distribution terminal on the Croatian island of Krk serving South-Central Europe. A third platform, HYDEAS, integrates green hydrogen with iron ore value chains for green steel production in partnership with Vale.
The company operates an enterprise B2B go-to-market, targeting hard-to-abate industrial sectors — steel, shipping, transport, refineries, glass, food and beverage, and power — through long-cycle strategic partnerships and direct offtaker relationships with major industrial counterparties including Vale, Eletrobras, Baker Hughes, MAN Energy Solutions, NITERRA, and Puklavec Family Wines. Revenue mechanics are project-based: long-term ammonia and hydrogen offtake agreements, technology and engineering services via EPC subsidiaries, and franchise-style downstream partnerships. The company also operates an agricultural waste-to-energy facility in Arlington, Kentucky ($142 million), converting corn stover, livestock manure, and distillers' grains into renewable natural gas and food-grade liquid CO2.
Green Energy Park holds EU Global Gateway Flagship Project status (2025) and is recognized under the Industrial Transition Accelerator's flagship program, supported by the EUR 2 billion European Commission Global Gateway initiative in Brazil. It has raised $30 million in Series A funding (April 2024) with stated first-phase Piauí project investment of approximately $4.5 billion. Bart Biebuyck (former Executive Director of the EU Fuel Cells and Hydrogen Joint Undertaking, named Person of the Year at the World Hydrogen Awards 2025) is CEO and Founder; Mario Reinisch is CFO; Ludmila Nascimento (formerly of Vale) joined as CEO Brazil in April 2025.
Green Energy Park firmographics
Firmographics- Name
- Green Energy Park
- Legal name
- Green Energy Park Global B.V.
- Website
- https://gep-global.com
- Company type
- Private
- Founded year
- 2023
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Green Energy Park is a vertically integrated green hydrogen and ammonia developer building a 10.8 GW production facility in Brazil, a 10 Mt/year import terminal in Croatia, and partnerships serving hard-to-abate industries including steel, shipping, and food and beverage across Europe and globally.
- Ownership category
- akta.pro rank
Green Energy Park industry classification
Industry- Product category
- Green Hydrogen and Ammonia Production
- NAICS
- Biomass Electric Power Generation (221117), Hydroelectric Power Generation (221111)
- SIC
- Cogeneration Services & Small Power Producers (4991), Oil & Gas Field Machinery & Equipment (3533)
- akta.pro primary industry
- Hydrogen Production Supply & Offtake (Green/Blue H2) for Utility Blending (EUAJAJAF)
- akta.pro secondary industries
- Energy & Renewables Specialty Contracting (Solar PV, Storage, EV Charging) (IMAFALAJ), Wind Power Plant EPC (Onshore/Offshore) (EUAEAAAF), Transmission Interconnection & Line Works (Gen-Tie Lines, Overhead/Underground Lines) (EUAMAFAF), Commissioning, Testing & Energization Services (Pre-Commissioning, Grid Code Compliance) (EUAMAFAK), Electrical Balance-of-Plant EPC (MV Collection, Cabling, Earthing, Lighting) (EUAEADAB)
Keywords
Where Green Energy Park is headquartered
LocationHeadquarters
- HQ city
- Omisalj
- HQ country
- Croatia
- HQ region
- Europe
Offices4 records
Markets served
Green Energy Park business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Infrastructure, Technology or R&D, Operations, Supply Chain, Personnel, Marketing or Sales
Revenue model
- Renewable Ammonia Sales: Green Energy Park produces and sells renewable ammonia from its production facilities (Green Energy Park Piauí) to supply its midstream facilities and network partners globally, with initial focus on European end markets. The ammonia serves as a long-distance renewable energy carrier for hydrogen distribution.
- Green Hydrogen and Derivatives: Production and sale of green hydrogen and derivatives (ammonia, methanol) as clean energy solutions to decarbonize hard-to-abate sectors including industrial heat, transport, mobility, and power applications.
- Green Steel and HBI Supply: Supply of hot-briquetted iron (HBI) produced with green hydrogen as reducing agent to European steelmakers, enabling 80% reduction in carbon emissions compared to traditional blast furnace steelmaking.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels5 records
Green Energy Park product offering
Product offeringCore offering
Green Energy Park designs, builds and operates gigawatt-scale facilities for producing renewable (green) hydrogen and its derivative, green ammonia, and supplies these molecules to industrial off-takers through a vertically integrated value chain. The company combines upstream production (notably the 10.8 GW Piauí plant in Brazil), midstream storage and import/export terminals (Green Energy Park Krk in Croatia with up to 10 million tonnes of ammonia capacity annually), and downstream industrial partnerships serving hard-to-abate sectors such as steel, shipping, transport, refineries, glass and food and beverage.
Product overview
Green Energy Park operates as a vertically integrated hydrogen company offering large-scale renewable hydrogen and ammonia production, midstream distribution infrastructure, and downstream decarbonization solutions. The core portfolio consists of two main facility types: upstream production plants (Green Energy Park Piauí at 10GW in Brazil) and midstream distribution terminals (Green Energy Park Krk in Croatia with 10 million tonnes annual capacity). The company also offers the HYDEAS platform for green steel value chains and operates an agricultural waste-to-energy facility in Kentucky. The business model connects cost-competitive renewable energy production in favorable locations with global distribution networks serving hard-to-abate industries including steel, shipping, transport, food & beverage, and industrial heat.
Differentiator
Problem solved
Functional benefit
Brands
- HYDEAS (Hydrogen Decarbonization Alliance for Steel): A large-scale green iron production platform developed in partnership with Vale to integrate renewable energy, green hydrogen, and iron ore value chains for green steel production.
Products and services
- Green Energy Park Piauí State-of-the-art, multi-gigawatt green hydrogen and ammonia production plant located in Parnaíba, Brazil, on 310 hectares in the special economic zone with adjacent port infrastructure at Luís Correia. It is targeted at 10.8 GW electrolyzer capacity when fully built, producing renewable ammonia for export via the Krk terminal to South-Central Europe.
- Green Energy Park Krk Midstream facility on the island of Krk, Croatia, by the North Adriatic Sea with deepwater seaport and terminal infrastructure for importing, storing and distributing up to 10 million tonnes of renewable ammonia annually into South-Central Europe.
- HYDEAS (Hydrogen Decarbonization Alliance for Steel) Large-scale green iron production platform integrating renewable energy, green hydrogen and iron ore value chains, based on hydrogen-based direct reduced iron (DRI) technology. Designed to enable green iron production in Brazil (with Maranhão identified as initial feasibility location) and green steelmaking in Europe, targeting an 80% reduction in CO2 emissions per ton of steel compared with traditional blast furnace routes.
- Renewable Hydrogen Production Services Large-scale production of renewable hydrogen leveraging advanced electrolysis engineering and renewable energy sources (wind, solar, hydropower) to decarbonize hard-to-abate sectors including industrial heat, transport, mobility and power. Sold as a long-term offtake service to industrial customers and partners.
- Green Ammonia Supply Production and global distribution of green ammonia as a renewable energy carrier, providing cost-competitive decarbonization molecules to downstream applications and industrial off-takers, including steel, shipping, refining and food and beverage sectors.
- Agricultural Waste-to-Energy Facility (Arlington, Kentucky) $142 million facility in Arlington, Kentucky that converts agricultural byproducts (corn stover, livestock manure, distillers' grains) into renewable natural gas and food-grade liquid carbon dioxide, processing approximately 575 tons of feedstock daily and capturing over 72,000 tons of CO2 annually. Developed with Global NRG as a transatlantic renewable energy project.
Quantifiable outcome
- 80% reduction in CO2 emissions per ton of steel produced (from 2.0 to 0.4 tonnes CO2e) when using green hydrogen direct reduction route
- +4 more outcomes
Companies that use Green Energy Park
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles3 records
Green Energy Park technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Green Energy Park partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered core, major, flagship and minor.
- Global NRGcoreTransatlantic renewable energy development firm behind the $142 million agricultural waste-to-energy facility in Arlington, Kentucky. Global NRG noted the investment as a model for combining energy transition with rural economic growth.
- NEBRA / NITERRAcoreMoU between NEBRA Hydrogen Research and Development S.A. and NITERRA Co., Ltd. to collaborate on innovative green hydrogen solution using Solid Oxide Electrolyzer Cell (SOEC) technology. Demonstrator project to be installed at Piauí test site for proof of concept, with feasibility study for green ammonia, methanol, and steel applications.
- See Hydrogen Mobility ConsortiummajorConsortium including See Hydrogen Ltd., RESATO Hydrogen Technology, HyGear, and Green Energy Park developing large-scale hydrogen mobility corridor spanning Eastern and Central Europe, Turkey, and connecting with Western Europe. First pilot in Bulgaria by 2028 with hydrogen refueling stations, production facility, and hydrogen trucks.
- MAN Energy SolutionscoreMoU for collaboration on Power-to-X projects including production of sponge iron/HBI through direct reduction of iron oxide with hydrogen and production of green ammonia in Piaui, Brazil. MAN brings expertise in PEM electrolysis, Power-to-X technologies, and H2-ready engines.
- ValeflagshipPartnership to develop green hydrogen supply chain in Brazil for future Mega Hub - an industrial complex for manufacturing low-carbon steel products. Companies conducting feasibility studies for green hydrogen production facility to supply Vale's Mega Hub, where iron ore agglomerates will serve as input for hot-briquetted iron (HBI) production using green hydrogen as reducing agent. Project selected as EU Global Gateway Flagship Project.
- Hydrogen EuropeminorMembership in leading industry association to contribute to advancing the hydrogen economy and shaping the zero emission future.
- Ammonia Energy AssociationminorMembership in global non-profit industry association promoting responsible use of ammonia in sustainable energy economy. Gains access to knowledge, networking, and collaborative projects driving innovation.
- EletrobrascoreMoU to achieve cost and technology leadership in production of renewable hydrogen and derivatives in Brazil. Collaboration combines Eletrobras' hydropower electricity resources (more than 10 GW) with GEP's hydrogen production platform, featuring advanced process engineering and cryogenic gas handling expertise.
- Baker HughescoreMoU envisioning collaboration in multiple areas of green hydrogen value chain including production, storage, transportation and utilization of green hydrogen and ammonia-based fuels at GEP facilities, port terminals, and customer sites worldwide. Includes co-development of related technologies and projects at giga-watt scale.
- Puklavec Family WinescoreFirst downstream partnership of GEP franchise network. Strategic collaboration for decarbonization of wine production and distribution using hydrogen from renewable energy sources to meet Net Zero emissions targets. Puklavec Family Wines becomes first downstream off-taker of hydrogen delivered via ammonia.
- State of PiauíflagshipLetter of Intent signing for production and export of initial one million tonnes of renewable ammonia from Piauí, Brazil. State to support facility in special economic trade zone. Partnership includes feasibility study for exporting renewable energy via ammonia, targeting 5 million tonnes annually.
Scale indicators11 records
Recent moves7 records
Expansion highlights6 records
Green Energy Park competitors and assessment
Company assessmentBroad incumbents
- Air Products: Global industrial gases major and leading hydrogen player, partner in NEOM Green Hydrogen Company. Comparable in green ammonia technology and project development at gigawatt scale, though operates as a broad incumbent with hydrogen as one of many businesses.
- Iberdrola: Major European utility with significant green hydrogen project pipeline and renewable energy generation assets. Comparable in renewable hydrogen ambition and European industrial offtaker focus, though operates as a broad incumbent across multiple energy verticals.
- Ørsted: Global leader in offshore wind now expanding into green hydrogen at scale. Comparable as a major renewable developer pivoting into Power-to-X, with similar offtaker focus on hard-to-abate sectors.
- Equinor: Major energy company developing blue and green hydrogen projects, including the Hydrogen to Humber (H2H) project in the UK. Comparable as a large incumbent pursuing hydrogen and ammonia value chains for European industrial customers.
Direct peers
- CWP Global: Developer of large-scale green hydrogen and ammonia projects across multiple geographies with a similar franchise/hub model. Comparable business model targeting gigawatt-scale renewable hydrogen production for export and industrial offtakers.
- NEOM Green Hydrogen Company: Joint venture of Air Products, ACWA Power, and NEOM building one of the world's largest green hydrogen and ammonia megaprojects in Saudi Arabia. Directly comparable as a gigawatt-scale green ammonia project developer targeting export markets with government backing.
- Fortescue Future Industries: Australian green hydrogen and ammonia project developer pursuing vertically integrated production-to-offtake models globally. Comparable for project scale, vertical integration ambitions, and hard-to-abate sector focus (steel, mining, transport).
- Hy2Gen: European green hydrogen and e-fuels project developer focused on renewable hydrogen, ammonia, and methanol production for hard-to-abate industries. Comparable as a multi-site developer targeting industrial offtakers in Europe.
Others
- MAN Energy Solutions: Engineering major and GEP partner covering PEM electrolysis, Power-to-X, and H2-ready engines. Comparable as an adjacent technology and infrastructure provider that supplies the green hydrogen value chain rather than directly competing with GEP's project developer model.
Emerging players
- Anaergia (formerly SGH2): Developer of waste-to-hydrogen facilities using gasification technology. Comparable to GEP's Kentucky waste-to-energy project and as an emerging player in biomass/waste-to-renewable-gas pathways.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks7 records
Key highlights7 records
Customer concentration
Green Energy Park social profiles
Digital presenceGreen Energy Park financial estimates
Financial estimateRevenue estimate
Valuation estimate
Green Energy Park leadership team
Management profileNumber of profiles
Profiles5 records
Green Energy Park subsidiaries and ownership
Company hierarchySubsidiaries8 records
Green Energy Park funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Green Energy Park 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 Green Energy Park
What does Green Energy Park do?
Green Energy Park designs, builds and operates gigawatt-scale facilities for producing renewable (green) hydrogen and its derivative, green ammonia, and supplies these molecules to industrial off-takers through a vertically integrated value chain. The company combines upstream production (notably the 10.8 GW Piauí plant in Brazil), midstream storage and import/export terminals (Green Energy Park Krk in Croatia with up to 10 million tonnes of ammonia capacity annually), and downstream industrial partnerships serving hard-to-abate sectors such as steel, shipping, transport, refineries, glass and food and beverage.
Is Green Energy Park a public or private company?
Green Energy Park is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Green Energy Park founded?
Green Energy Park was founded in 2023. It employs 11 to 50 people.
Where is Green Energy Park based?
Green Energy Park is headquartered in Omisalj, Croatia, in the Europe region.
How does Green Energy Park make money?
Three revenue lines are on record. Renewable Ammonia Sales are the primary driver. The others are green Hydrogen and Derivatives and green Steel and HBI Supply.
Who are Green Energy Park's main competitors?
Broad incumbents on record are Air Products, Iberdrola, Ørsted and Equinor. Direct peers are CWP Global, NEOM Green Hydrogen Company, Fortescue Future Industries and Hy2Gen. MAN Energy Solutions is listed as an others. Anaergia (formerly SGH2) is listed as an emerging player.
Does Green Energy Park have an API?
No public API is recorded for Green Energy Park.
What industry is Green Energy Park in?
Green Energy Park's product category is Green Hydrogen and Ammonia Production. Its primary akta.pro industry code is EUAJAJAF, Hydrogen Production Supply & Offtake (Green/Blue H2) for Utility Blending, with a secondary code of IMAFALAJ, Energy & Renewables Specialty Contracting (Solar PV, Storage, EV Charging). Its NAICS code is 221117 and its SIC code is 4991.