ECONNECT Energy
ECOnnect Energy is a Norwegian technology company that designs and delivers the IQuay, a floating, jettyless platform for transferring LNG, ammonia, CO2, and hydrogen between carrier vessels and terminals without fixed jetty infrastructure, sold via EPC contracts to energy majors and FSRU operators globally.
- Company typePrivate
- Founded2012
- HeadquartersOslo, Norway
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What ECONNECT Energy does
ECOnnect Energy AS is a Norwegian marine-infrastructure technology company that designs and delivers the IQuay, a floating, jettyless platform for transferring cryogenic fluids — LNG, ammonia, hydrogen, and CO2 — between carrier vessels and onshore or floating terminals. The IQuay combines a semi-submersible platform, a proprietary vacuum attachment system, and floating cryogenic hoses qualified to EN 1474-2; the full system is DNV GL-classed under DNVGL-OS-E403 (Offshore Loading Units) and compliant with SIGTTO and OCIMF. The platform is prefabricated at a shipyard, remotely controlled from shore during operation, and can be redeployed, eliminating dredging, piling, and seabed disturbance associated with conventional jetties.
The company's revenue model is project-based and consultative, combining EPC turn-key IQuay delivery with installation, ongoing services and maintenance, remote operations support, and marine engineering (feasibility, concept, FEED). Pricing is quote-driven with no public tiers; lead times range from 5–18 months, and the company claims at least a 50% CAPEX reduction versus traditional jetty/quay builds. Go-to-market is direct enterprise sales targeting energy majors, FSRU operators, LNG terminal developers, and national energy companies, leveraging reference projects (Naturgy/Herøya 2017, Wilhelmshaven II for TES/ENGIE/DET, Altamira for New Fortress Energy, and Puerto Bahía/Frontera Energy in Colombia from 2026).
Founded in 2012 (originally as Connect LNG) and headquartered in Oslo with 11–50 employees, ECOnnect operates across Europe, North America, Latin America, and Africa. Its leadership team comprises co-founders Morten A. Christophersen (CEO), David Mikal Knutsen (CTO), and Miriam Wennberg (CFO), supported by a discipline-expert Board. The company is privately held with no disclosed funding rounds, parent entity, or institutional investors in the input data.
ECONNECT Energy firmographics
Firmographics- Name
- ECONNECT Energy
- Legal name
- ECOnnect Energy AS
- Website
- https://econnectenergy.com
- Company type
- Private
- Founded year
- 2012
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- ECOnnect Energy is a Norwegian technology company that designs and delivers the IQuay, a floating, jettyless platform for transferring LNG, ammonia, CO2, and hydrogen between carrier vessels and terminals without fixed jetty infrastructure, sold via EPC contracts to energy majors and FSRU operators globally.
- Ownership category
- akta.pro rank
ECONNECT Energy industry classification
Industry- Product category
- Marine Energy Infrastructure
- NAICS
- Marine Cargo Handling (488320)
- SIC
- Water Transportation (4400)
- akta.pro primary industry
- Retrofits, Upgrades & Compliance Conversions (Scrubbers, BWTS, Alternative Fuels, Energy-Saving Devices) (TLAHAMAI)
Keywords
Where ECONNECT Energy is headquartered
LocationHeadquarters
- HQ city
- Oslo
- HQ country
- Norway
- HQ region
- Europe
Offices1 record
Markets served
ECONNECT Energy business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Technology or R&D, Supply Chain, Personnel, Operations, Marketing or Sales
Revenue model
- EPC Turn-Key IQuay System Delivery: Supply of complete IQuay solutions including the platform with all utility and safety systems, flexible cryogenic floating hoses, mooring system for carrier vessels, control and monitoring systems, and tie-in management. Delivered as an EPC contract covering design, procurement, and construction.
- Installation Services: Installation and commissioning services for the IQuay platform, including deployment at the project site, connection to onshore facilities, and system integration.
- Services & Maintenance: Ongoing maintenance services and operational support for IQuay systems throughout their lifecycle.
- Operations Support: Remote monitoring and control of IQuay operations from onshore control stations during fluid transfer operations.
- Marine Engineering Services: Engineering consultancy services including feasibility studies, concept studies, FEED studies, and project-specific marine engineering assessments.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Standard IQuay — small to medium scale |
| Other | Multi-year contract | Large Scale IQuay — high capacity |
| Other | Multi-year contract | IQuay for Bunkering |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels5 records
ECONNECT Energy product offering
Product offeringCore offering
ECOnnect Energy designs, manufactures, and delivers the IQuay jettyless marine transfer platform — a floating, prefabricated semi-submersible unit that attaches to LNG, ammonia, CO2, and hydrogen carrier vessels via a proprietary vacuum system and transfers cryogenic fluids through floating hoses without requiring any fixed jetty infrastructure. The company provides the platform on an EPC turn-key basis along with installation, operations support, maintenance, and marine engineering services for energy majors, FSRU operators, LNG/ammonia terminal developers, and CCS projects worldwide.
Product overview
ECONNECT Energy provides a portfolio of jettyless marine infrastructure solutions centered on the IQuay™ platform. The core IQuay system is a floating transfer platform that enables LNG, ammonia, CO2, hydrogen and other fluid transfers without traditional jetty infrastructure. Three product variants serve different needs: the C-Class for frequent operations requiring full floating capability, the F-Class for mounting on FSRUs/FSUs in harsh conditions, and the R-Class combining storage, regasification and transfer in a modular system. Supporting services include marine terminals, installation, operations, maintenance, and marine engineering. Applications span offshore terminals, onshore terminals, and bunkering operations.
Differentiator
Problem solved
Functional benefit
Products and services
- IQuay Jettyless Transfer Platform Floating, prefabricated semi-submersible jettyless transfer platform that uses a proprietary vacuum attachment system and floating cryogenic hoses to enable ship-to-shore transfer of LNG, ammonia, CO2, hydrogen, and other fluids without traditional jetty infrastructure. Designed for energy majors, FSRU operators, LNG/ammonia terminal developers, and CCS projects.
- IQuay C-Class
Quantifiable outcome
- At least 50% reduction in CAPEX vs. traditional jetty infrastructure
- +9 more outcomes
Companies that use ECONNECT Energy
Customer profileNamed customers10 records
Segments5 records
Ideal customer profiles3 records
ECONNECT Energy technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature8 records
ECONNECT Energy partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered core, minor and flagship.
- Sociedad Portuaria Puerto Bahía (Frontera Energy)coreECOnnect signed an EPC agreement with Puerto Bahía to deliver the IQuay F-Class jettyless LNG transfer system for a new LNG import terminal in Cartagena Bay, Colombia. Puerto Bahía is majority-owned by Canada's Frontera Energy, which also holds an LNG supply contract with Ecopetrol to underwrite the FSRU lease. Target first gas: early 2027.
- New Fortress Energy (NFE)coreNFE partnered with ECOnnect for the delivery of two jettyless IQuay units at Altamira, Mexico. The partnership enabled NFE's Fast LNG strategy with cost-effective and efficient LNG production and transfer. First LNG achieved in July 2024.
- Alternative Petroleum and Power Limited (APPL)minorAPPL partnered with ECOnnect for jettyless terminal technology to export renewable methanol and ammonia from Africa, balancing operational needs with environmental stewardship.
- TES (Tree Energy Solutions)coreTES partnered with ECOnnect to implement the jettyless IQuay solution for the Wilhelmshaven FSRU project in Germany. The project addresses Germany's immediate energy security needs and is part of TES's long-term carbon-neutral energy strategy using the IQuay to connect the FSRU to onshore pipelines. The terminal initially imports natural gas and will transition to CO2/e-NG circular carbon operations.
- ENGIEcoreENGIE partnered with TES and ECOnnect on the Wilhelmshaven FSRU project, forming a joint venture under Deutsche Energy Terminal (DET). ENGIE contributes to the gas import operations while ECOnnect provides the jettyless transfer infrastructure.
- EquinorflagshipECOnnect partnered with Equinor to conduct a physical wave operation demonstrating safe connection of the IQuay to an Equinor-chartered gas carrier in challenging Norwegian weather conditions. The operation proved the IQuay's weather tolerance and the vacuum attachment system's performance.
- GasumcoreECOnnect conducted a commercial IQuay transfer operation with Gasum in May 2021, collecting exclusive flow rate and pressure measurements from the floating hoses. The operation involved offloading to Air Liquide Skagerak's terminal at Herøya Industripark.
- Naturgy Energy GroupcoreECOnnect (then Connect LNG) and Naturgy made history in 2017 with the world's first jettyless LNG transfer. Naturgy continues as a reference customer and partner for LNG import projects including Herøya in Norway.
- Deutsche Energy Terminal (DET)coreDET led the Wilhelmshaven II FSRU project as the key German state partner, selecting ECOnnect's IQuay F-Class system to enable rapid LNG import infrastructure without invasive civil works.
- DNV GLcoreDNV GL performed complete review of the IQuay system and classified it according to DNVGL-OS-E403 Offshore Loading Units. Also involved in third-party certification and standards compliance (SIGTTO, OCIMF, EN 1474-2).
Scale indicators8 records
Recent moves6 records
Expansion highlights5 records
ECONNECT Energy competitors and assessment
Company assessmentDirect peers
- Excelerate Energy: Direct competitor in jettyless LNG transfer with proprietary FSRU-based ship-to-shore transfer solutions. Both companies serve FSRU operators and LNG terminal developers with similar value propositions around rapid deployment, reduced infrastructure, and FSRU integration. Compete head-to-head for LNG import terminal projects globally.
- BW LNG: FSRU operator and LNG carrier owner participating in similar LNG import infrastructure projects. They could offer competing solutions for ship-to-shore transfer requirements and FSRU-based terminal deployments where ECONNECT's IQuay currently competes.
- Höegh Evi: FSRU operator with proprietary ship-to-shore transfer capabilities and emerging carbon transport solutions. They compete directly with ECONNECT's IQuay for FSRU-based LNG import projects globally and are expanding into ammonia and hydrogen transport infrastructure.
Broad incumbents
- Wärtsilä: Large Finnish marine engineering and systems company offering LNG fuel systems, gas carriers, and marine solutions. As a broad marine engineering incumbent with significant R&D resources, Wärtsilä has the technical capability to develop competing jettyless transfer solutions or partner with FSRU operators.
- SBM Offshore: Dutch floating production solutions provider with deep expertise in FPSOs, offshore infrastructure, and floating LNG regasification. SBM's floating offshore engineering capabilities make them a potential competitor or acquisition target for floating marine energy infrastructure.
- Aker Solutions: Norwegian offshore engineering and EPC services company with deep roots in North Sea energy infrastructure. Aker Solutions has the engineering scale and project execution capability to compete in floating marine energy infrastructure, though currently focused on larger offshore production projects.
- GTT (Gaztransport & Technigaz): Established French marine LNG containment systems provider with broader LNG carrier and terminal infrastructure portfolio. While focused on membrane containment systems rather than transfer platforms, GTT serves the same marine LNG value chain and could expand into adjacent transfer infrastructure.
Emerging players
- Modec: Japanese floating offshore infrastructure provider specializing in FPSOs and floating production systems. While primarily focused on oil and gas production, Modec's floating infrastructure engineering capabilities overlap with ECONNECT's offshore competencies and could extend into LNG/ammonia transfer applications.
Regional players
- Stolt-Nielsen: Norwegian shipping and logistics company with LNG/chemical shipping operations and tank terminal infrastructure. While primarily a tanker operator, Stolt-Nielsen's marine logistics expertise and terminal assets make them adjacent to ECONNECT's marine infrastructure services, particularly in Northern European markets.
- Knutsen OAS: Norwegian shipping company with significant LNG carrier operations and offshore service vessels. Knutsen operates in similar Nordic markets as ECONNECT and could be a partner for IQuay-based LNG import solutions or a customer for jettyless infrastructure at Norwegian ports.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
ECONNECT Energy social profiles
Digital presenceECONNECT Energy compliance and trust
Trust signalCompliance4 records
ECONNECT Energy financial estimates
Financial estimateRevenue estimate
Valuation estimate
ECONNECT Energy leadership team
Management profileNumber of profiles
Profiles5 records
ECONNECT Energy funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ECONNECT Energy 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 ECONNECT Energy
What does ECONNECT Energy do?
ECOnnect Energy designs, manufactures, and delivers the IQuay jettyless marine transfer platform — a floating, prefabricated semi-submersible unit that attaches to LNG, ammonia, CO2, and hydrogen carrier vessels via a proprietary vacuum system and transfers cryogenic fluids through floating hoses without requiring any fixed jetty infrastructure. The company provides the platform on an EPC turn-key basis along with installation, operations support, maintenance, and marine engineering services for energy majors, FSRU operators, LNG/ammonia terminal developers, and CCS projects worldwide.
Is ECONNECT Energy a public or private company?
ECONNECT Energy is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was ECONNECT Energy founded?
ECONNECT Energy was founded in 2012. It employs 11 to 50 people.
Where is ECONNECT Energy based?
ECONNECT Energy is headquartered in Oslo, Norway, in the Europe region.
How does ECONNECT Energy make money?
Five revenue lines are on record. EPC Turn-Key IQuay System Delivery is the primary driver. The others are installation Services, services & Maintenance, operations Support and marine Engineering Services.
Who are ECONNECT Energy's main competitors?
Direct peers on record are Excelerate Energy, BW LNG and Höegh Evi. Broad incumbents are Wärtsilä, SBM Offshore, Aker Solutions and GTT (Gaztransport & Technigaz). Modec is listed as an emerging player. Regional players are Stolt-Nielsen and Knutsen OAS.
Does ECONNECT Energy have an API?
No public API is recorded for ECONNECT Energy.
What industry is ECONNECT Energy in?
ECONNECT Energy's product category is Marine Energy Infrastructure. Its primary akta.pro industry code is TLAHAMAI, Retrofits, Upgrades & Compliance Conversions (Scrubbers, BWTS, Alternative Fuels, Energy-Saving Devices). Its NAICS code is 488320 and its SIC code is 4400.