Hive Energy

What Hive Energy does

Hive Energy is a UK-headquartered renewable energy project developer founded in 2010, operating in over 20 countries across Europe, Africa, Latin America, North America, and Oceania. The company develops utility-scale solar PV, wind, green hydrogen, and green ammonia projects from origination through permitting and grid connection, then sells the projects (or rights to them) to institutional investors and infrastructure funds such as Quinbrook Infrastructure Partners, Noy Fund, and Chint Solar. With £1.6 billion of capital deployed, 2 GW of projects developed, and a 23 GW pipeline, Hive Energy runs a multi-technology platform with country managers in each market and flagship assets including the $5.8 billion Coega green ammonia plant in South Africa.

Its core technology spans utility-scale solar PV, wind, and electrolyser-based green hydrogen and ammonia production, including access to Topsoe solid oxide electrolyser cells that use 25-30% less electricity than alkaline units and to Hydrilyte liquid hydrogen storage licensed through Carbon280. The business model combines project development and sale (the primary revenue stream), future production sales of green ammonia and hydrogen to agricultural, chemical, shipping, and industrial off-takers, and a circular economy investment arm (Hive Ventures) holding stakes in CuanTec (chitosan biopolymers), Nafici (EcoPulp), Packamama (sustainable packaging), My DD Points, and Carbon280. The group is integrated vertically through its 50% stake in Ethical Power Group, which provides EPC, O&M, and asset management capabilities.

Customer segments are exclusively enterprise: institutional investors and infrastructure funds acquiring utility-scale projects at various development stages, and (forward-looking) industrial off-takers of green ammonia and hydrogen. Distribution is sales-led via direct country-level engagement and partnerships with co-developers such as BuiltAfrica, Topsoe, Woodside Energy, and Renovo Bioeconomy.

Name

Hive Energy

Legal name

Hive Energy

Website

https://hiveenergy.co.uk

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

101–250 employees

Short description

Hive Energy is a UK-based renewable energy developer (founded 2010) that originates, develops, and sells utility-scale solar, wind, green hydrogen, and green ammonia projects to institutional investors and infrastructure funds across more than 20 countries.

Ownership category

akta.pro rank

Product category

Renewable Energy Project Development

NAICS

Biomass Electric Power Generation (221117)

SIC

Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Development Management & Owner’s Engineering (Design Basis, Yield, Technical Due Diligence) (EUAMAAAG)

akta.pro secondary industries

WtE Plant Development, EPC & O&M Services (Project delivery and operations) (EUAAAKAK), Biomass Plant EPC & Integration (Design/Build, Balance of Plant) (EUAAAGAH)

Keywords

• Renewable energy development
• Solar PV projects
• Green hydrogen production
• Green ammonia production
• Circular economy ventures

Headquarters

HQ city

East Wellow

HQ country

United Kingdom

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Project Development and Sale: Developing solar, wind, and green hydrogen projects from origination through permitting, then selling completed projects or project rights to institutional investors and infrastructure funds at various development stages (RTB, operational)
2. Green Hydrogen/Ammonia Production: Future revenue from production and sale of green ammonia and green hydrogen for agricultural, chemical, shipping fuel, and industrial markets
3. Strategic Investments: Hive Ventures invests in circular economy and green technology companies, providing capital and operational support in exchange for equity stakes

Go-to-market motion2 records

Distribution channels3 records

Marketing channels7 records

Core offering

Hive Energy is a UK-based international renewable energy project developer that originates, develops, permits, and delivers utility-scale solar PV, wind, green hydrogen, and green ammonia projects across more than 20 countries. The company secures land, grid connections, and permits, then sells completed projects or development rights to institutional investors, infrastructure funds, and energy companies at various development stages (RTB, operational). It also operates circular economy ventures including Hive Carbon (biochar), Hive Aggregates (sustainable building materials), and Hive Ecosystems (land restoration).

Product overview

Hive Energy is a UK-based international renewable energy developer operating across over 20 countries. The company operates a multi-product portfolio centered on utility-scale solar PV projects, green hydrogen, and green ammonia production. Beyond core renewable energy generation, Hive has expanded into the circular economy through Hive Ventures, which manages portfolio companies including CuanTec (chitosan biopolymers), Nafici Environmental Research (agricultural waste recycling), My DD Points (digital loyalty), and Packamama (sustainable packaging). The group also includes Hive Carbon (biochar production), Hive Aggregates (fly ash recycling), and Hive Ecosystems (land restoration). Hive Energy operates as a platform of interconnected clean energy and circular economy solutions, with significant infrastructure projects including the $5.8 billion Coega Green Ammonia Project in South Africa and various solar and wind projects globally.

Differentiator

Problem solved

Functional benefit

Brands

• Hive Solar: Solar energy development and projects
• Hive Hydrogen
• Hive Carbon
• Hive Ecosystems
• Hive Aggregates
• Hive Ventures
• Chrystal
• Hydrilyte
• EcoPulp

Products and services

• Utility-Scale Solar PV Projects Utility-scale photovoltaic solar power projects developed, constructed, and operated across multiple countries, ranging from small-scale installations to 350 MW+ solar parks with battery storage integration. Projects are developed to RTB or operational stages and sold to institutional investors and infrastructure funds.
• Green Hydrogen Production Industrial-scale green hydrogen production facilities powered by renewable energy, using electrolyser-based hydrogen extraction from water for industrial, agricultural, and export applications. Targets decarbonisation of hard-to-abate sectors including shipping, chemicals, and heavy industry.
• Green Ammonia Production

Quantifiable outcome

• 25-30% less electricity consumption using solid oxide electrolysers vs traditional alkaline
• +5 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Twelve partnerships are on record, tiered core and strategic.

• TopsoecoreTechnology or Integration · 18 May 2026Danish company Topsoe selected to supply approximately $1 billion in electrolyser cell technology and ammonia synthesizing equipment for the Coega green ammonia project in South Africa. Topsoe will supply 850 MW solid oxide electrolyser cells using 25-30% less electricity than traditional alkaline electrolysers.
• Renovo BioeconomystrategicStrategic or Co-development Partner · 3 August 2023Partnership with Renovo Bioeconomy to launch one of the largest hydrogen valleys in Italy, combining renewable energy with bioeconomy solutions.
• Carbon280strategicStrategic or Co-development Partner · 21 December 2022Hive Energy invested A$1.6 million in Australian company Carbon280 alongside Woodside Energy. Total funding round of A$7.6M for Hydrilyte hydrogen storage technology pilot. Hive gains access to innovative liquid hydrogen storage technology.
• Ethical Power GroupcoreStrategic or Co-development Partner · 25 November 2020Hive acquired 50% of Ethical Power Group, one of UK's most innovative sustainable energy generation companies. Partnership facilitates delivery of 2+ GW of solar projects. Ethical Power brings EPC, O&M, and Asset Management expertise.
• BuiltAfricacoreStrategic or Co-development PartnerSouth African partner in joint venture for Coega green ammonia project. BuiltAfrica Group, led by Thulani Gcabashe, provides local expertise, government relationships, and operational support for the $5.8 billion project in Eastern Cape.
• Wirsol EnergycoreStrategic or Co-development PartnerPartnership with Wirsol Energy to develop Cleve Hill Solar Park (350 MW), the UK's largest consented solar scheme. Combined expertise for development and delivery of this Nationally Significant Infrastructure Project.
• AfroxcoreStrategic or Co-development PartnerPartnership with Afrox (Linde group) for Coega green ammonia project. Afrox provides engineering division expertise, proven global expertise and technology for feasibility, engineering design and development phases.
• DBG GroupstrategicStrategic or Co-development PartnerPartnership with Dutch green energy company DBG Group to transform industrial waste into biogas and fertilizers. Part of Hive's circular economy ventures.
• Fusion FuelstrategicStrategic or Co-development PartnerCollaboration with Portuguese company Fusion Fuel for green hydrogen project in Spain. Grants access to Fusion Fuel's pioneering electrolysis technology developed for green hydrogen production.
• CerebosstrategicStrategic or Co-development PartnerAfrica's largest salt producer supplying desalinated, demineralised water for the Coega green ammonia project. Partnership provides essential water supply while Cerebos benefits from green energy power supply.
• HES Aotearoa LtdcoreStrategic or Co-development PartnerJoint venture with Ethical Power and Solar South West to develop PV solar assets across New Zealand. Pipeline of nearly 350 MW of utility scale solar assets.
• InvestSAstrategicOthersBranch of South African Department of Trade, Industry and Competition providing investment facilitation through InvestSA One Stop Shop mechanism for Coega project.

Scale indicators12 records

Recent moves13 records

Expansion highlights6 records

Direct peers

• Lightsource bp: UK-based utility-scale solar developer acquired by bp. Directly comparable to Hive's core UK solar PV development business with similar project sizes, institutional buyer relationships, and multi-hundred MW pipeline.
• Harmony Energy: UK-based renewable developer specializing in solar PV and battery energy storage projects. Comparable to Hive's UK and European solar development operations with similar institutional investor GTM and project sizes.

Broad incumbents

• EDF Renewables UK: Subsidiary of EDF Group developing utility-scale wind, solar, and storage projects across the UK. Competes with Hive in UK solar development but operates as part of a much larger diversified energy portfolio.
• Ørsted: Global leader in offshore wind and renewable energy with growing green hydrogen ambitions. Overlaps with Hive's wind, hydrogen, and project development capabilities but at vastly larger scale and as a publicly listed utility.
• Iberdrola: Global renewable energy major with significant solar, wind, and emerging hydrogen operations across Europe, LATAM, and beyond. Comparable multi-technology renewable platform but operating at much greater scale across all of Hive's target geographies.
• Enel Green Power: Renewable energy subsidiary of Enel Group with global solar, wind, and storage development. Comparable to Hive's diversified renewable platform and geographic reach, but operates as a much larger integrated utility.
• Copenhagen Infrastructure Partners (CIP): Global fund manager focused on renewable energy infrastructure including offshore wind, solar, and green hydrogen. Comparable to Hive's institutional project development GTM and target buyer profile, but operates as a fund manager rather than developer.
• Solarcentury (now Statkraft): UK-origin solar developer acquired by Statkraft, the Norwegian state-owned renewable utility. Direct historical competitor to Hive's UK solar development operations; Costas Caralis (Hive's Greece Country Manager) previously built Solarcentury's Greek operations.

Emerging players

• Masdar: UAE-based renewable energy and green hydrogen developer with similar focus on utility-scale solar, wind, and emerging hydrogen/ammonia projects. Comparable multi-technology, multi-geography platform with shared emerging market emphasis.
• ITM Power: UK-listed green hydrogen equipment and project developer focused on PEM electrolyser technology. Complementary to Hive's hydrogen ambitions but more focused on equipment supply rather than full project development and ammonia synthesis.

Market position

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/hiveenergy
• Facebookfacebook.com/HiveEnergy
• LinkedInlinkedin.com/company/hive-energy

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Subsidiaries13 records

Funding overview

Funding rounds1 record

Investors1 record

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

M&A

Investments1 record

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

Frequently asked questions about Hive Energy