Verso Energy

What Verso Energy does

Verso Energy is a French private renewable energy and synthetic fuels project developer, founded in 2021 and headquartered in Paris. The company develops, finances, builds, and operates renewable electricity assets (primarily solar PV), green hydrogen production facilities, and synthetic sustainable aviation fuel (e-SAF) and e-methanol plants. In February 2025 it expanded its renewable generation footprint through the acquisition of an approximately 400 MWc solar portfolio from Neoen, giving it both a French operating asset base and a feedstock origination platform for downstream hydrogen and e-fuels projects.

Verso's underlying technology stack centers on solar PV generation, electrolysis-based green hydrogen production, and the synthesis of e-fuels from biogenic CO2 and green hydrogen, including e-SAF and e-methanol. The company pursues a standardized, modular "copy-paste" e-SAF plant design philosophy intended to compress levelized cost through replication across geographies. Its flagship projects — DEZiR and ReSTart — were selected for grant award under the EU Innovation Fund Large Scale call in November 2025, representing 2 of the 3 e-SAF slots awarded in Europe, and the company has secured additional Connecting Europe Facility (CEF) and France 2030 support.

Verso's business model is a develop-finance-operate model: it originates projects, secures grants and offtake contracts, raises project and corporate finance, and retains long-term operational ownership of the assets. Revenue mechanics will rely on renewable power sale agreements (PPAs), hydrogen and e-fuel offtake contracts (e.g., the 10-year SHS Group e-methanol offtake, Groupe ADP airport-side offtake), and ancillary grid services once assets are commissioned. With 50+ employees and approximately €50M raised to date, Verso is in a pre-revenue build-out phase, with first commercial e-fuel production expected in the second half of the decade.

Name

Verso Energy

Legal name

Verso Energy

Website

https://verso.energy

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Verso Energy is a French developer that builds, finances, and operates renewable electricity, green hydrogen, and synthetic e-SAF/e-methanol projects, supplying offtakers such as SHS Group, Groupe ADP, and HAROPA PORT across Europe and selected international markets.

Ownership category

akta.pro rank

Product category

Clean Energy Infrastructure Development

NAICS

Solar Electric Power Generation (221114), Electric Power Generation (22111)

SIC

Electric, Gas & Sanitary Services (4900)

akta.pro primary industry

Hydrogen & Derivative Fuels for Industry (H₂, Ammonia, Methanol) (EUABAJAC)

akta.pro secondary industries

Energy & Renewables Specialty Contracting (Solar PV, Storage, EV Charging) (IMAFALAJ), Industrial Energy Efficiency & Optimization (Process Controls, Advanced Analytics, ISO 50001) (EUABAJAH)

Keywords

• Green hydrogen production
• Solar photovoltaic development
• Synthetic aviation fuels
• Carbon-free energy
• Battery energy storage

Headquarters

HQ city

Paris

HQ country

France

HQ region

Europe

Offices7 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Renewable Energy Project Development: Verso Energy develops, finances, and operates renewable electricity projects (solar PV), generating revenue through project sales, power purchase agreements (PPAs), and government tender mechanisms. Revenue realized through asset divestiture or long-term operation.
2. Green Hydrogen Supply Contracts: Long-term offtake agreements for green hydrogen supply to industrial customers. Verso Energy produces and delivers hydrogen under 10-year contracts (e.g., 6,000 tonnes/year to SHS Group), providing predictable recurring revenue streams.
3. Synthetic Fuel Production (e-SAF): Production and sale of synthetic sustainable aviation fuels (e-SAF) and e-methanol. Projects supported by European Innovation Fund, France 2030, and CEF Energy grants. Revenue model combines public subsidies with commercial offtake agreements.
4. Solar Asset Portfolio: Acquisition and operation of solar photovoltaic assets. Verso Energy acquired a 400 MWc solar portfolio from Neoen and targets building and operating 1 GW of solar assets in France by end of 2027.

Go-to-market motion3 records

Distribution channels3 records

Marketing channels6 records

Core offering

Verso Energy develops, finances, and operates renewable electricity projects (solar photovoltaic), green hydrogen production facilities (via water electrolysis), and synthetic sustainable aviation fuels and e-methanol (via Power-to-Liquids combining biogenic CO2 with green hydrogen), alongside battery storage solutions for grid flexibility. The company targets industrial decarbonization through long-term offtake agreements with industrial customers (steel, chemicals, aviation, pulp and paper) and secured pipeline access via major European public funding mechanisms.

Product overview

Verso Energy is a French energy transition company that develops, finances, and operates renewable electricity production facilities, green hydrogen production, synthetic sustainable aviation fuel (e-SAF) and e-methanol plants, and battery storage solutions. The company operates a portfolio approach with distinct product lines: renewable electricity through solar photovoltaic projects (including the Neoen-acquired 400 MWc portfolio), green hydrogen production (CarlHYng project), and e-fuels synthesis (DEZiR, ReSTart, and Ep'HyNE projects). Verso Energy targets industrial companies, farmers, communities, and degraded land owners as customers, offering integrated decarbonation solutions that combine renewable power generation with hydrogen and synthetic fuel production capabilities.

Differentiator

Problem solved

Functional benefit

Products and services

• Renewable Electricity Production (Solar PV) Development, financing, construction, and operation of ground-mounted and floating solar photovoltaic power plants for renewable electricity generation. Targets industrial offtakers, farmers, communities, and degraded land owners across France and selected international markets. Includes agrivoltaic installations co-locating solar generation with agricultural activity.
• Green Hydrogen Production Production of renewable and low-carbon hydrogen via water electrolysis powered by renewable energy. Serves industrial customers for decarbonization (steel, chemicals), heavy mobility, and energy storage applications under long-term offtake contracts.
• E-Fuels (e-SAF and e-Methanol) Synthetic sustainable aviation fuel (e-SAF) and e-methanol production using Power-to-Liquids technology that combines captured biogenic CO2 with green hydrogen to produce decarbonized fuels for aviation and maritime transport. Delivers up to 90% GHG emission reduction versus conventional kerosene across the full lifecycle.
• Battery Energy Storage Electricity storage solutions providing grid services and flexibility to support the integration of high proportions of renewable energy into the electricity mix.
• CarlHYng Hydrogen Project Renewable hydrogen production project in Carling, Moselle, France, deploying up to 300 MW of electrolysis capacity in three phases (70 MW in 2027, 100 MW in 2029, 100 MW by 2030), totaling 51,000 tonnes per year of green hydrogen. Includes a 10-year supply contract with SHS Group (6,000 tonnes/year) for German steel decarbonization under the Power4Steel program.
• DEZiR e-SAF Project Industrial synthetic sustainable aviation fuel (e-SAF) production facility located in Rouen/Petit-Couronne, France, targeting approximately 80,000 tonnes of e-SAF annually by 2030. Developed in partnership with Rely (Technip Energies / John Cockerill JV) and supported by Innovation Fund and France 2030 funding.
• ReSTart e-SAF Project Synthetic sustainable aviation fuel (e-SAF) production facility developed in consortium with Rayonier Advanced Materials (RYAM) at Tartas, Landes, France, utilizing biogenic CO2 from RYAM's manufacturing operations. Designed to produce approximately 80,000 tonnes of e-SAF annually under the standardized 'copy-paste' plant model.
• Ep'HyNE e-SAF Project Sustainable aviation fuel production project at the Ecoparc in Epinal, France, with planned commissioning in 2029. Includes partnership for biogenic CO2 valorization with Green Valley Energie and Norske Skog Golbey on a 21.5 ha site.
• Solar PV Asset Portfolio (Neoen Acquisition) Portfolio of nearly 400 MWc of solar photovoltaic assets in production and development acquired from Neoen in February 2025, supporting Verso Energy's goal of building and operating 1 GW of solar assets in France by end of 2027.
• Lirac Solar Power Plant 5 MWp operational solar photovoltaic power plant in Lirac, Gard region, southern France, inaugurated March 2025. Produces 7.4 GWh annually and avoids 1,800 tonnes of CO2 per year.
• Floating Solar Power Plant (Gravières de l'Arroux) Floating solar power plant deployed on former gravel pits in Gueugnon and Rigny-sur-Arroux, the first significant floating solar project in the Bourgogne-Franche-Comté region of France.
• Pépite de Beauce Agrivoltaic Project Experimental agrivoltaic solar installation of 580 kWc capacity on 3 hectares in Outarville, Beauce region, developed in partnership with farmer Pierre Coisnon (Les 3 Laboureurs) to combine solar generation with large-scale crop production.

Quantifiable outcome

• Up to 90% GHG emission reduction compared to conventional kerosene over full lifecycle
• +3 more outcomes

Named customers7 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

17 partnerships are on record, tiered flagship, core and minor.

• SHS Group (Stahl-Holding-Saar)flagshipStrategic or Co-development Partner · 8 September 202510-year green hydrogen supply agreement (minimum 6,000 tonnes/year) from Carling Hydrogen Next Generation project starting 2029. Supports Power4Steel decarbonization program for German steelmakers Dillinger, Saarstahl, and ROGESA.
• Pertamina NRE (New & Renewable Energy)coreStrategic or Co-development Partner · 22 July 2025MoU signed at Indonesian Embassy in Paris to accelerate development of clean energy and decarbonization solutions, including synthetic fuel production plants.
• Groupe ADPcoreStrategic or Co-development Partner · 19 June 2025Strategic partnership to develop e-SAF supply chain on French, European, and international airport platforms, supporting ReFuelEU Aviation regulation compliance and structuring complete value chain from production to distribution.
• Green Valley Energie and Norske Skog GolbeycoreStrategic or Co-development Partner · 17 April 2025Strategic partnership for capture and valorization of biogenic CO2 from Green Valley Energie and Norske Skog Golbey operations, strengthening Ep'HyNE project territorial integration.
• RelyflagshipStrategic or Co-development Partner · 7 March 2025Joint venture between Technip Energies and John Cockerill signed MoU to support development of seven e-fuels production plants worldwide (4 in France, 2 in Finland, 1 in USA) producing over 500,000 tonnes SAF annually. Rely awarded FEED contract for DEZiR project November 2025.
• Noven Group InfracoreStrategic or Co-development Partner · 21 February 2025Partnership combining Noven's expertise in hydrocarbon transport, storage, and blending with Verso Energy's hydrogen and synthetic fuel production capabilities for French and export markets.
• NeoencoreOthers · 6 February 2025Acquisition of nearly 400 MWc solar photovoltaic asset portfolio in production and development from Neoen, accelerating Verso Energy's integrated energy transition strategy.
• BEA Alizay (Biomasse Energie d'Alizay)coreStrategic or Co-development Partner · 28 October 2024Agreement to valorize biogenic CO2 from BEA Alizay's biomass boiler in Alizay (Eure, Normandy) for integration into synthetic fuel production on the Seine axis.
• SylvamominorStrategic or Co-development Partner · 11 June 2024Feasibility study for SAF production using biogenic CO2 from Sylvamo's paper mill at Saillat-sur-Vienne, Nouvelle-Aquitaine.
• RYAM (Rayonier Advanced Materials)flagshipStrategic or Co-development Partner · 28 February 2024Strategic collaboration to develop synthetic sustainable aviation fuel (e-SAF) production using biogenic CO2 from RYAM's manufacturing facilities. Initial MoU for Tartas, France project (ReSTart) expanded to include Jesup, Georgia USA project. Verso Energy and RYAM signed Innovation Fund grant agreement March 2026 for ReSTart.
• TrapilminorChannel Partner/ Reseller/ Distributor · 18 January 2024Partnership for synthetic fuel logistics in France, with Trapil providing specialized expertise in product logistics for aviation and maritime fuel decarbonation.
• HAROPA PORTcoreStrategic or Co-development Partner · 23 November 2023Convention for industrial hydrogen and synthetic fuel production unit at Grand-Quevilly port zone, securing strategic site for Seine axis e-fuels development.
• Siemens EnergycoreTechnology or Integration · 20 October 2023Technical partner for CarlHYng hydrogen project, providing electrolysis technology implementation for renewable hydrogen production in Carling, Moselle.
• Equans FrancecoreStrategic or Co-development Partner · 14 June 2023Partnership for heavy mobility hydrogen projects, building on previous collaboration for Alp'Hyne and H2BYCOL CEF-funded projects, targeting design optimization and financing for around 10 joint projects.
• CO2 Value EuropeminorOthers · 20 April 2023Association membership supporting CCU innovation, scaling, policy framework development, and industry collaboration for carbon capture and utilization.
• France HydrogèneminorOthers · 6 December 2022Industry association membership participating in policy advocacy, including open letter for low-carbon hydrogen eligibility in EU renewable energy directive.
• Teréga SolutionsminorStrategic or Co-development Partner · 22 November 2022Partnership for renewable hydrogen ecosystem development in France, combining Teréga's infrastructure expertise with Verso Energy's project development capabilities.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Hy2gen: French-based green hydrogen and e-fuels developer producing green hydrogen derivatives including e-SAF and e-methanol for industrial and aviation customers, with comparable project development model and target customers to Verso Energy.
• HIF Global: Chilean-headquartered e-fuels developer building commercial-scale e-SAF and e-gasoline plants using green hydrogen and captured CO2, with global project pipeline in the US and Europe directly competing in the same ReFuelEU-driven market as Verso Energy.
• Norsk e-Fuel: Norwegian e-SAF developer planning commercial Power-to-Liquids plants combining green hydrogen with biogenic CO2, with a similar standardized plant development approach targeting the EU aviation decarbonization mandate as Verso Energy.
• Infinium: US-based e-fuels producer (formerly Greyrock Energy) developing Project Pathfinder and other e-SAF plants using green hydrogen and captured CO2, with comparable Power-to-Liquids technology and aviation customer focus to Verso Energy.
• Lhyfe: French green hydrogen producer operating multiple renewable-powered electrolyzer sites across Europe, supplying industrial and mobility customers with comparable B2B offtake model and target geography to Verso Energy's hydrogen business.
• H2V: French industrial-scale green hydrogen project developer (subsidiary of SAMFI Invest) deploying large electrolysis capacity for industrial decarbonization, with overlapping French geography, customer base, and project pipeline as Verso Energy.

Broad incumbents

• Copenhagen Infrastructure Partners (CIP): One of the largest dedicated renewable energy infrastructure fund managers globally, investing across onshore/offshore wind, solar, Power-to-X, and green hydrogen, with a much broader capital base and project portfolio than Verso Energy but overlapping decarbonization thesis.
• TotalEnergies: Global integrated energy major pursuing large-scale renewable electricity, green hydrogen, and e-SAF investments including at the Grandpuits zero-crude platform; overlaps with Verso Energy on French hydrogen and e-fuels project competition and customer relationships.
• ENGIE: French-headquartered global utility with growing renewable hydrogen and renewable electricity operations across Europe, competing with Verso Energy for French industrial offtakers, EU grants, and Power-to-X project sites.

Emerging players

• Sunfire: Germany-based electrolysis and e-fuels technology company deploying solid oxide electrolyzers and Power-to-Liquids projects, supplying technology to e-SAF developers and partially overlapping with Verso Energy's downstream e-fuel value chain.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/Versoenergy

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

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 Verso Energy