Fuella
Fuella AS is a Norwegian green hydrogen and ammonia project developer founded in 2020, developing large-scale renewable-powered plants in Norway and Brazil under long-term offtake agreements with European utilities and industrial buyers.
- Company typePrivate
- Founded2020
- HeadquartersBergen, Norway
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Fuella does
Fuella AS is a Norwegian project developer founded in 2020 and headquartered in Bergen that develops, builds, and operates large-scale green hydrogen and green ammonia plants. The company positions itself as a pure-play green hydrogen platform, currently advancing a pipeline of five projects spanning Norway (Skipavika/SkiGA, Korgen, Hemnes/Sundsmarka) and Brazil (Porto do Açu and Pre-FEED sites with thyssenkrupp Uhde) with combined planned capacity exceeding 1.3 million tonnes of green ammonia per year. Its core technology is pressurized alkaline water electrolysis paired with ammonia synthesis — Casale's uhde technology for Skipavika and thyssenkrupp Uhde's RHAMFS methodology for Brazil — fed by renewable electricity from wind and hydro resources.
The business model is asset-heavy project development with long-term contracted revenue. Fuella develops each plant through dedicated project vehicles (e.g., SkiGA AS as a joint venture with Skipavika Næringspark and EnBW), secures 15-year power purchase agreements for renewable supply, 15-year offtake agreements with industrial buyers (EnBW is the anchor offtaker for SkiGA), and arranges project debt financing with banks such as BNP Paribas. Equity backing comes from Allianz Capital Partners, which acquired a minority stake for €20 million in July 2023. Fuella also benefits from substantial public capital, including €81.3 million from the EU Innovation Fund's RFNBO Hydrogen auction and a share of the €720 million European Hydrogen Bank first auction.
The company serves European utilities and energy companies (EnBW, Hafslund), hard-to-abate industrial sectors (chemicals, shipping), and export markets via Brazilian-European shipping corridors. Strategic positioning leverages Norway's renewable resources and harbor infrastructure, Brazil's ZPE Ceará free trade zone, and a consortium-based approach to establishing green ammonia export logistics. The leadership team is small (1-10 employees) with managing directors covering project development and corporate development, led by CEO Rogério Zampronha and Chairman Igor Lukin representing Allianz Capital Partners.
Fuella firmographics
Firmographics- Name
- Fuella
- Legal name
- FUELLA AS
- Website
- https://fuella.no
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Fuella AS is a Norwegian green hydrogen and ammonia project developer founded in 2020, developing large-scale renewable-powered plants in Norway and Brazil under long-term offtake agreements with European utilities and industrial buyers.
- Ownership category
- akta.pro rank
Fuella industry classification
Industry- Product category
- Green Hydrogen and Ammonia Production
- NAICS
- Industrial Gas Manufacturing (32512), Turbine and Turbine Generator Set Units Manufacturing (333611)
- SIC
- Cogeneration Services & Small Power Producers (4991), Heating Equipment, Except Electric & Warm Air Furnaces (3433)
- akta.pro primary industry
- Hydrogen & Derivative Fuels for Industry (H₂, Ammonia, Methanol) (EUABAJAC)
- akta.pro secondary industry
- Hydrogen Production Supply & Offtake (Green/Blue H2) for Utility Blending (EUAJAJAF)
Keywords
Where Fuella is headquartered
LocationHeadquarters
- HQ city
- Bergen
- HQ country
- Norway
- HQ region
- Europe
Offices5 records
Markets served
Fuella business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Technology or R&D, Infrastructure, Supply Chain, Personnel, Marketing or Sales, Operations
Revenue model
- Green ammonia production and sales: Developing, building, and operating green hydrogen and ammonia plants at scale. Revenue is generated through production and sale of green ammonia to industrial offtakers, with long-term purchase agreements (e.g., EnBW 15-year offtake contract). Projects are capital-intensive infrastructure developments.
- Project development services: Developing green hydrogen and ammonia projects for third-party partners and joint ventures, with Fuella taking equity stakes and development fees.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
Fuella product offering
Product offeringCore offering
Fuella develops, builds, and operates large-scale green hydrogen and green ammonia production plants powered by renewable energy (hydro and wind). The company develops dedicated plant projects (Skipavika/SkiGA, Korgen, Hemnes/Sundsmarka, Brazil at Porto do Açu) and sells green ammonia to industrial offtakers under long-term agreements. It also provides project development services and takes equity stakes in joint ventures for third-party green hydrogen and ammonia developments.
Product overview
FUELLA is a Norwegian hydrogen platform developing, building, and operating green hydrogen and green ammonia plants. The company's portfolio includes multiple projects across Norway (Skipavika/SkiGA, Korgen, Hemnes/Sundsmarka) and Brazil (Porto do Açu). Skipavika Green Ammonia (SkiGA) is the flagship project positioned as one of Europe's first large-scale green ammonia facilities. The company leverages strategic partnerships with technology providers (Casale for ammonia synthesis), energy companies (EnBW for offtake), and financial institutions (Allianz, BNP Paribas) to develop its project pipeline.
Differentiator
Problem solved
Functional benefit
Brands
- SkiGA (Skipavika Green Ammonia): Flagship project - one of Europe's most advanced large-scale green ammonia production projects located at Skipavika, Norway
- Project Korgen
Products and services
- Skipavika Green Ammonia (SkiGA) Large-scale green ammonia production plant at Skipavika Havneterminal near the Mongstad industrial harbor in Norway, designed and built by Casale. Produces up to 100,000 tonnes of renewable ammonia per year for industrial offtakers such as EnBW.
- Project Korgen Green ammonia production facility located next to Mo i Rana in Norway with an input capacity of 260 MW and output capacity of 600 tons per day (200,000 tonnes per year) of green ammonia.
- Hemnes / Sundsmarka Combined Project Combined 560 MW green ammonia project at Sundsmarka in Hemnes, Norway, formed by merging Fuella's 260 MW project with Fortescue's 300 MW project into a single larger facility.
- Brazil Project (Porto do Açu) Green ammonia plant project at Porto do Açu in Brazil developed with Prumo and Porto do Açu, with capacity of up to 520 MW and production of 400,000 tonnes per year starting 2030, targeting European export markets.
Quantifiable outcome
- Skipavika will produce up to 100,000 tonnes of emission-free ammonia per year
- +5 more outcomes
Companies that use Fuella
Customer profileNamed customers2 records
Segments3 records
Ideal customer profiles3 records
Fuella technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Fuella partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered major and core.
- thyssenkrupp UhdemajorPre-FEED agreement signed for green ammonia projects in Brazil targeting up to 800,000 tonnes per year. thyssenkrupp Uhde contributes uhde ammonia synthesis technology and RHAMFS methodology during Pre-FEED phase.
- Brazil-Belgium Green Shipping Corridor ConsortiummajorConsortium facilitated by Global Maritime Forum and RMI including HIF Global, NYK Line, Höegh Autoliners, Wallenius Wilhelmsen, port teams from Port of Açu and Port of Antwerp-Bruges. Develops infrastructure and business models for transporting zero-carbon fuels (e-ammonia, e-methanol).
- FortescuemajorFuella acquired Fortescue's project company and combined separate green hydrogen/ammonia projects (260 MW + 300 MW) into a unified 560 MW project at Sundsmarka in Hemnes. Fortescue maintains ongoing interest in the project's successful development.
- Prumo / Porto do AçumajorLand reservation agreement and MoU signed for green ammonia plant at Porto do Açu, a subsidiary of Prumo Logística. Project capacity up to 520 MW with production of 400,000 tons per year starting 2030. Part of newly licensed low-carbon hydrogen hub.
- Port of Antwerp-Bruges InternationalmajorStrategic partner supporting establishment of Porto do Açu as new export corridor for green ammonia from Brazil to Europe. Executed contract and MoU support for Brazil project.
- EnBW (Energie Baden-Württemberg AG)coreEnBW partnered with SkiGA project and Fuella for development of green ammonia supply chain between Norway and Germany. EnBW is developing a Norwegian-German green ammonia value chain. Main offtaker for SkiGA ammonia production for 15 years.
- CasalecoreCasale selected as licensor and EPC contractor for Skipavika/SkiGA green ammonia plant. Casale is a global leader in ammonia plants. The plant will use Casale's uhde ammonia synthesis technology combined with pressurized alkaline water electrolysis.
- Skipavik NæringsparkcoreJoint venture partner for Skipavika/SkiGA green ammonia project. Skipavik Næringspark provides industrial harbor location at Mongstad basin. Partnership established project company SkiGA AS.
- HafslundcorePower purchase agreement (PPA) for 15 years to supply renewable electricity for SkiGA green ammonia production.
Scale indicators17 records
Recent moves7 records
Expansion highlights6 records
Fuella competitors and assessment
Company assessmentBroad incumbents
- Iberdrola: Iberdrola is a major Spanish utility with a large portfolio of green hydrogen projects across Europe, often in partnership with industrial offtakers. Comparable as a vertically integrated utility with deep capital pursuing green hydrogen production and offtake at scale.
- Air Products: Air Products is the world's largest hydrogen producer and is building the NEOM green hydrogen/ammonia megaproject in Saudi Arabia. Comparable as a large industrial gas incumbent executing flagship-scale green hydrogen/ammonia developments.
- Yara International: Yara is the world's largest nitrogen fertilizer and ammonia producer, headquartered in Norway, and is actively transitioning to green ammonia with its own clean ammonia projects. A directly comparable incumbent that combines large-scale ammonia production with a green transition strategy.
- Copenhagen Infrastructure Partners (CIP): CIP is a leading fund manager with dedicated energy-transition strategies and is developing/owning large-scale green hydrogen projects across Europe, often alongside industrial offtakers. Comparable as a large-scale green hydrogen infrastructure developer and capital partner operating in Fuella's market.
Direct peers
- HIF Global: HIF Global develops e-fuels (e-ammonia, e-methanol) from green hydrogen using proprietary Haru Oni e-fuel technology. They are a fellow member of the Brazil-Belgium green shipping corridor consortium with Fuella and pursue comparable large-scale e-fuels projects in Chile and elsewhere.
- Everfuel: Everfuel is a Scandinavian green hydrogen company developing production, distribution, and heavy-transport fuelling. It pursues similar green hydrogen project development across Northern Europe and shares Fuella's focus on a Nordic value chain.
- Hy2Gen: Hy2Gen is a French pure-play developer of large-scale green hydrogen, e-ammonia, and e-methanol projects across Europe and globally. Directly comparable as a green hydrogen derivative infrastructure developer with a similar pure-play profile to Fuella.
- Fortescue Energy: Fortescue Energy is a major global developer of green hydrogen and green ammonia projects, including its own Norwegian initiatives. Fortescue directly sold a 300MW Hemnes project company to Fuella, confirming they compete in the same large-scale green hydrogen/ammonia development space in Europe.
Others
- Nel ASA: Nel ASA is a Norwegian manufacturer of alkaline and PEM electrolyzers, supplying core equipment to projects like SkiGA. Comparable as a key technology supplier in the Norwegian green hydrogen ecosystem rather than a direct project peer.
- Topsoe: Topsoe is a Danish technology provider offering proprietary SOEC electrolyzers and ammonia synthesis technology. A potential technology partner or competitor for the green ammonia synthesis layer of Fuella's projects.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
Fuella social profiles
Digital presenceFuella compliance and trust
Trust signalCompliance1 record
Fuella financial estimates
Financial estimateRevenue estimate
Valuation estimate
Fuella leadership team
Management profileNumber of profiles
Profiles4 records
Fuella funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Fuella 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 Fuella
What does Fuella do?
Fuella develops, builds, and operates large-scale green hydrogen and green ammonia production plants powered by renewable energy (hydro and wind). The company develops dedicated plant projects (Skipavika/SkiGA, Korgen, Hemnes/Sundsmarka, Brazil at Porto do Açu) and sells green ammonia to industrial offtakers under long-term agreements. It also provides project development services and takes equity stakes in joint ventures for third-party green hydrogen and ammonia developments.
Is Fuella a public or private company?
Fuella is a private company. It is classified as venture growth investor backed and is currently operating.
When was Fuella founded?
Fuella was founded in 2020. It employs 1 to 10 people.
Where is Fuella based?
Fuella is headquartered in Bergen, Norway, in the Europe region.
How does Fuella make money?
Two revenue lines are on record. Green ammonia production and sales are the primary driver. The others are project development services.
Who are Fuella's main competitors?
Broad incumbents on record are Iberdrola, Air Products, Yara International and Copenhagen Infrastructure Partners (CIP). Direct peers are HIF Global, Everfuel, Hy2Gen and Fortescue Energy. Others are Nel ASA and Topsoe.
Does Fuella have an API?
No public API is recorded for Fuella.
What industry is Fuella in?
Fuella's product category is Green Hydrogen and Ammonia Production. Its primary akta.pro industry code is EUABAJAC, Hydrogen & Derivative Fuels for Industry (H₂, Ammonia, Methanol), with a secondary code of EUAJAJAF, Hydrogen Production Supply & Offtake (Green/Blue H2) for Utility Blending. Its NAICS code is 32512 and its SIC code is 4991.