Green Energy Park

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.

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

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

• Green hydrogen production
• Green ammonia supply
• Renewable energy infrastructure
• Industrial decarbonization solutions
• Clean energy carriers

Headquarters

HQ city

Omisalj

HQ country

Croatia

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Infrastructure, Technology or R&D, Operations, Supply Chain, Personnel, Marketing or Sales

Revenue model

1. 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.
2. 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.
3. 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

Core 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

Named customers4 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Eleven partnerships are on record, tiered core, major, flagship and minor.

• Global NRGcoreStrategic or Co-development Partner · 27 February 2026Transatlantic 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 / NITERRAcoreTechnology or Integration · 18 October 2025MoU 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 ConsortiummajorStrategic or Co-development Partner · 27 May 2025Consortium 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 SolutionscoreTechnology or Integration · 21 May 2025MoU 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.
• ValeflagshipStrategic or Co-development Partner · 1 October 2024Partnership 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 EuropeminorOthers · 7 August 2024Membership in leading industry association to contribute to advancing the hydrogen economy and shaping the zero emission future.
• Ammonia Energy AssociationminorOthers · 29 July 2024Membership 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.
• EletrobrascoreStrategic or Co-development Partner · 14 May 2024MoU 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 HughescoreTechnology or Integration · 30 January 2024MoU 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 WinescoreStrategic or Co-development Partner · 12 October 2023First 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 PiauíflagshipStrategic or Co-development Partner · 11 October 2023Letter 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

Broad 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

• LinkedInlinkedin.com/company/green-energy-park-global

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries8 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Green Energy Park