CWP’s Green Hydrogen Business

What CWP’s Green Hydrogen Business does

CWP's Green Hydrogen Business is a privately held renewable-energy company headquartered in Novi Beograd (New Belgrade), Serbia, and operating as a dedicated business unit within the broader CWP Global renewable energy platform. Founded in 2006, the company focuses on producing green hydrogen by leveraging high-quality renewable energy sources, with the stated objective of supplying low-carbon hydrogen into industrial and mobility markets. The unit employs between 51 and 100 people and is structured as a for-profit, private entity.

The company's core product is green hydrogen — produced via electrolysis powered by renewable electricity — though the input data does not specify installed capacity, electrolyzer technology (PEM, alkaline, solid-oxide), or specific project sites. Its website (cwp.global/hydrogen) was inaccessible beyond a verification page at the time of data collection, so detailed product specifications, offtake agreements, and pricing mechanics are not disclosed. The unit monetizes through long-term hydrogen offtake contracts (typical industry model), though no specific customers, contract values, or pricing structures were available.

From a strategic positioning standpoint, CWP's Green Hydrogen Business is backed by Copenhagen Infrastructure Partners (CIP), a leading European renewable energy fund manager that led a funding round in June 2023. This institutional backing, combined with integration into CWP Global's established renewable energy development platform, provides access to project development capabilities, renewable energy resources, and counterparty relationships that are otherwise difficult to replicate. The company is in a development/pre-commercial stage, with growth contingent on reaching financial investment decisions on specific projects, securing offtake, and accessing hydrogen subsidies and regulatory support in target jurisdictions.

Name

CWP’s Green Hydrogen Business

Website

https://cwp.global

Company type

Private

Founded year

2006

Headcount range

51–100 employees

Short description

CWP's Green Hydrogen Business is a privately held, Serbia-based renewable energy company that produces green hydrogen from renewable sources, operating as a dedicated unit within the broader CWP Global platform and backed by Copenhagen Infrastructure Partners.

Ownership category

akta.pro rank

Product category

Green Hydrogen Production

NAICS

Industrial Gas Manufacturing (32512), Electric Power Generation (22111), Electric Power Generation, Transmission and Distribution (2211)

SIC

Industrial Organic Chemicals (2860), Electric, Gas & Sanitary Services (4900)

akta.pro primary industry

Hydrogen Production Supply & Offtake (Green/Blue H2) for Utility Blending (EUAJAJAF)

akta.pro secondary industries

Hydrogen & Derivative Fuels for Industry (H₂, Ammonia, Methanol) (EUABAJAC), Hydrogen Blending Strategy & Regulatory Readiness (EUAJAJAE), Hydrogen Energy Storage & Power-to-X Equipment (electrolyzers, storage, fuel cell systems) (IMAGAHAM)

Keywords

• Green hydrogen
• Renewable energy
• Hydrogen production
• Clean energy manufacturing
• Electrolysis projects

Headquarters

HQ city

Novi Beograd

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Core offering

CWP's Green Hydrogen Business manufactures green hydrogen products by utilizing the best renewable energy sources available. The company operates as a green-hydrogen producer targeting the broader clean-energy and industrial hydrogen market, producing hydrogen-based output rather than acting as a technology vendor or marketplace.

Differentiator

Problem solved

Functional benefit

Products and services

• Green Hydrogen Green hydrogen produced from renewable energy sources for sale to industrial and commercial buyers in the clean-energy market.

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Recent moves3 records

Expansion highlights4 records

Broad incumbents

• Linde: Global industrial gases major with growing green hydrogen production capacity and offtake partnerships with renewable developers. Comparable as the demand-side counterparty CWP's projects would likely target for hydrogen supply contracts.
• Iberdrola: Global renewable utility with major green hydrogen project development (e.g., through its Puertollano and other Spanish projects). Comparable because Iberdrola pairs large-scale renewable generation with green hydrogen production, the same upstream-to-molecule integration CWP is targeting.
• Air Products: World's largest hydrogen producer with large-scale green and blue hydrogen projects (NEOM, Louisiana). Comparable as an industrial gas incumbent pivoting toward green hydrogen supply for refining, ammonia, and mobility customers — a demand profile CWP's 'products in the market' thesis targets.
• Plug Power: US-listed green hydrogen producer and fuel cell company. Overlaps with CWP in producing and distributing green hydrogen for industrial and mobility customers, but at a much larger and publicly traded scale with a broader end-market footprint.

Direct peers

• ITM Power: UK-based PEM electrolyzer manufacturer and project developer. Comparable as a vertically integrated green hydrogen platform producing and offtaking hydrogen for industrial end-users, mirroring CWP's stated model of converting renewables into market products.
• Nel ASA: Norwegian electrolyzer manufacturer and green hydrogen project developer. Directly comparable to CWP's Green Hydrogen Business because both operate across the value chain from electrolyzer technology to green hydrogen production for industrial and mobility offtakers.
• Cummins (Accelera): Cummins' zero-emission business Accelera produces PEM electrolyzers and fuel cells and operates green hydrogen production projects. Directly comparable as an integrated electrolyzer-plus-hydrogen-production platform serving industrial and mobility customers.

Regional players

• Statkraft: Europe's largest generator of renewable energy, actively developing green hydrogen projects in Northern Europe. Comparable because, like CWP, Statkraft leverages an existing renewable generation base to enter green hydrogen production, though it operates in a different European geography.

Emerging players

• Next Hydrogen Solutions: Canadian electrolyzer company focused on green hydrogen for industrial decarbonization. Comparable as a smaller, emerging pure-play in the same niche of producing green hydrogen for industrial offtakers, though primarily equipment-focused rather than full developer.
• Hy2Gen: European green hydrogen project developer focused on producing renewable hydrogen for industrial and mobility end-users. Comparable as a similarly-staged developer building project pipelines in Europe, providing a relevant scale and execution benchmark for CWP.

Market position

Strengths4 records

Weaknesses3 records

Competitive moat3 records

Key risks4 records

Key highlights4 records

Customer concentration

• LinkedInlinkedin.com/company/cwp-global

Revenue estimate

Valuation estimate

Number of profiles

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 CWP’s Green Hydrogen Business