Switch2 Offshore
SwitcH2 B.V. is a Dutch project development company engineering 300 MW floating production units for offshore green hydrogen and ammonia, serving industrial offtakers in shipping, chemical, and commodity trading sectors through long-term offtake agreements.
- Company typePrivate
- Founded2021
- HeadquartersRotterdam, Netherlands
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Switch2 Offshore does
SwitcH2 B.V. (doing business as Switch2 Offshore) is a Rotterdam-based project development company founded in 2021 by Saskia Kunst and Bob Rietveldt that engineers floating production systems for offshore green hydrogen and green ammonia. Its core technology is a 300-meter Floating Production Storage and Offloading (FPSO) vessel integrating a 300 MW PEM electrolyzer and Haber-Bosch ammonia synthesis unit, moored in 30-400m water depths and powered by offshore wind, solar, and wave energy, including direct-seawater electrolysis that removes freshwater infrastructure requirements. Each unit is designed to produce 790 tons per day of RFNBO-compliant green ammonia. The concept received DNV Approval in Principle in July 2022 and is being developed through three initiatives: Project Atlantico offshore Portugal (FID Q4 2027, COD Q4 2031, €1B+ capex) targeting European industrial offtakers, Project Namibia with Hyphen Hydrogen Energy targeting 2030 COD, and a North Sea Vision concept serving Benelux/UK/Germany.
The commercial model is infrastructure-style: long-term offtake agreements with industrial buyers in shipping, chemical/petrochemical, and global commodity trading, combined with Power Purchase Agreements for renewable electricity supply. Revenue will not be recognized until first commercial operation, currently 2030 at the earliest. SwitcH2 is backed by three strategic shareholders — BW Offshore (a publicly listed global FPSO leader), Dutch Oceans Capital, and JORD Group (joined February 2025 via subsidiary JOGS) — alongside €7M in Dutch government grants (RVO and consortium awards). The technology stack is assembled through partnerships with ThyssenKrupp Uhde (ammonia synthesis), Ohmium (PEM electrolysis), CorPower Ocean (wave energy), Spiral Hydrogen (next-gen electrolysis), ABB, Linde, Veolia, and Strohm. The team of approximately 11, anchored by offshore-industry veterans with 30+ years of experience, executes project development, Pre-FEED/FEED, and project management services while preparing projects toward financial investment decision.
Switch2 Offshore firmographics
Firmographics- Name
- Switch2 Offshore
- Legal name
- SwitcH2 B.V.
- Website
- https://switch2offshore.com
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- SwitcH2 B.V. is a Dutch project development company engineering 300 MW floating production units for offshore green hydrogen and ammonia, serving industrial offtakers in shipping, chemical, and commodity trading sectors through long-term offtake agreements.
- Ownership category
- akta.pro rank
Switch2 Offshore industry classification
Industry- Product category
- Offshore Green Hydrogen and Ammonia Production
- NAICS
- Electric Power Generation, Transmission and Distribution (2211)
- SIC
- Cogeneration Services & Small Power Producers (4991)
- akta.pro primary industry
- Electrical Engineering & Power Distribution (Generation, Switchboards, Cabling, Lighting) (IMAJAGAF)
- akta.pro secondary industry
- Integrated Marine Electrical Systems & Switchboards (IMAJAJAA)
Keywords
Where Switch2 Offshore is headquartered
LocationHeadquarters
- HQ city
- Rotterdam
- HQ country
- Netherlands
- HQ region
- Europe
Offices1 record
Markets served
Switch2 Offshore business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Supply Chain, Infrastructure
Revenue model
- Green Ammonia Sales: Production and sale of green ammonia to industrial offtakers including chemical, petrochemical industries, and shipping companies for use as feedstock and fuel. Revenue generated from long-term offtake agreements.
- Green Hydrogen Sales: Production and sale of green hydrogen via existing gas pipelines or converted to ammonia for transport. Revenue through hydrogen sales agreements.
- Power Purchase Agreements: Securing renewable electricity supply from offshore wind, solar, and wave energy sources through power purchase agreements to power the electrolysis and ammonia synthesis process.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Project financing for flagship Project Atlantico |
Go-to-market motion2 records
Distribution channels1 record
Marketing channels4 records
Switch2 Offshore product offering
Product offeringCore offering
SwitcH2 (Switch2 Offshore) is a project development company that designs, develops, and operates offshore floating production units (FPSOs) for industrial-scale green hydrogen and green ammonia production. Its flagship product is a 300 MW Green FPSO—a 300-meter vessel integrating a PEM electrolyzer and ammonia synthesis unit, powered by offshore wind, solar, and wave energy, capable of producing 790 tons per day of RFNBO-compliant green ammonia. The company handles the entire value chain from Power Purchase Agreements to offtake agreements for industrial customers.
Product overview
SwitcH2 (Switch2 Offshore) is a project development company engineering and operating the next generation of offshore floating production systems for the delivery of green hydrogen and green ammonia. The core offering is a 300 MW Green FPSO — a 300-meter floating production unit that converts seawater into green hydrogen and ammonia using electrolyzers and ammonia synthesis technology powered by offshore wind, solar, and wave energy. The company is developing multiple projects including Project Atlantico in Portugal (FID Q4 2027, COD Q4 2031) and Project Namibia in partnership with Hyphen Hydrogen Energy (FID Q2 2027, COD Q2 2030), along with a North Sea Vision concept. Services include project development, feasibility studies, Pre-FEED and FEED studies, and project management.
Differentiator
Problem solved
Functional benefit
Products and services
- Green FPSO (300 MW) A 300-meter floating production unit (FPSO) that harnesses renewable energy from offshore wind, solar, and wave sources to produce industrial-scale green hydrogen and green ammonia. The vessel integrates a 300 MW PEM electrolyzer and ammonia synthesis unit, can be moored in 30–400 m water depths, and delivers 790 tons per day of RFNBO-compliant green ammonia for industrial offtakers in shipping, chemicals, petrochemicals, and commodity trading.
- Project Development Services Comprehensive project development services for offshore floating green hydrogen and ammonia production facilities, including feasibility studies, Pre-FEED and FEED studies, and full project management. Sold to industrial clients, partners, and consortiums developing offshore green fuel projects.
- Project Atlantico A 300 MW floating offshore green ammonia production facility located off the northern coast of Portugal in the Viana do Castelo region, developed by wholly-owned subsidiary Power Atlântico. Designed to produce 790 tons per day of RFNBO-compliant ammonia from seawater using wind and solar power. FID targeted for Q4 2027 and COD for Q4 2031. Developed by Switch2 Offshore for sale to industrial offtakers.
- Project Namibia
Quantifiable outcome
- 790 tons per day of RFNBO-compliant green ammonia production capacity
- +3 more outcomes
Companies that use Switch2 Offshore
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles3 records
Switch2 Offshore technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
Switch2 Offshore partnerships and signals
Strategic signalPartnerships
13 partnerships are on record, tiered flagship and core.
- Hyphen Hydrogen EnergyflagshipStrategic partnership with Hyphen Hydrogen Energy for a pioneering floating green ammonia project offshore Namibia. Collaboration combines Hyphen's renewable energy ambitions with SwitcH2's FPSO-based production concept, featuring a 300 MW onboard electrolyser to produce green ammonia for export and support the transition to low-carbon fuels.
- Namibian local partner in LüderitzcoreReputable local partner in Lüderitz for Project Namibia that will supply renewable electricity from onshore assets and manage green molecule offtake.
- Spiral HydrogencorePartnership with Spiral Hydrogen to test and scale innovative electrolysis technology with potential to significantly increase efficiency of hydrogen production. Work taking place at Port of Rotterdam's RDM Campus as part of the Sea2Value project, supported by Just Transition Fund.
- ABBcoreWorld-class technology partner providing electrical and control systems for the Project Atlantico offshore green ammonia facility.
- VeoliacoreWorld-class technology partner for Project Atlantico, providing technology solutions for the offshore green ammonia production facility.
- LindecoreWorld-class technology partner for Project Atlantico, providing technology solutions for the offshore green ammonia production facility.
- Power AtlânticocoreWholly-owned subsidiary of SwitcH2 responsible for developing Project Atlantico in Portugal. PIN status granted to Power Atlântico via decision of Permanent Commission for Investor Support (CPAI) coordinated by AICEP.
- CorPower OceancorePartnership with CorPower Ocean to deliver industrial-scale floating green ammonia production facility partially powered by wave energy. Integrating wave energy technology adds economic benefits to SwitcH2's already competitive offshore production system.
- OhmiumcoreOhmium signed a Term Sheet with SwitcH2 BV to develop PEM electrolyzer solutions for the 300 MW Offshore Floating Ammonia Project. Ohmium's compact, hyper modular PEM electrolyzers are ideally suited for the space-constrained FPSO setting, delivering high efficiency with standardized design for flexible and rapid installation.
- ThyssenKrupp UhdecoreOngoing collaboration with thyssenkrupp Uhde as leading technology partner for development of the bespoke process plant onboard the green FPSO, including ammonia synthesis technology.
- TU DelftcoreAcademic partner in consortium with SwitcH2, BW Offshore, MARIN, and Strohm for advancing FPSO technology, including direct use of seawater in electrolysis process (Project OFFSET).
- MARINcoreResearch institute partner in consortium advancing floating green hydrogen and ammonia technology, funded by EUR 3 million Dutch government grant.
- StrohmcoreTechnology partner that developed Thermoplastic Composite Pipe (TCP) using aerospace technology. TCP enables hydrogen transport from FPSO to offshore gas grid and to shore, with strong flexible pipeline suitable for harsh offshore conditions.
Scale indicators11 records
Recent moves6 records
Expansion highlights6 records
Switch2 Offshore competitors and assessment
Company assessmentDirect peers
- Hyphen Hydrogen Energy: Direct peer and active SwitcH2 partner on Project Namibia. Hyphen is developing large-scale green hydrogen projects for Namibia's 3GW ambition by 2030, with a similar floating production concept for offshore green ammonia export. Closely aligned technology, geography, and customer profile.
Broad incumbents
- Air Products: Largest hydrogen producer globally and lead developer of the NEOM green ammonia megaproject. Competes directly for shipping and industrial offtakers, and is the most established player in green ammonia at industrial scale.
- Ørsted: Offshore wind leader investing in green hydrogen production, including the H2RES and other Power-to-X projects. Comparable integration of offshore renewables with downstream hydrogen and e-fuel production.
- SBM Offshore: Global FPSO leader and former employer of SwitcH2's CEO. SBM Offshore has decades of FPSO engineering and operational expertise and is exploring offshore energy transition applications. Provides benchmark technology and operational credibility for the FPSO platform approach.
- Equinor: Major integrated energy company developing offshore wind-to-hydrogen and ammonia projects, including the H2H Saltend and Barkason projects. Competes for capital, offtakers, and project sites in the North Sea and beyond.
- Shell: Integrated major developing the Hollandse Kust Zuid offshore wind-to-hydrogen concept and pursuing green ammonia for shipping fuel. Comparable in combining offshore renewables with hydrogen/ammonia value chain.
Others
- Nel ASA: PEM and alkaline electrolyzer manufacturer targeting industrial-scale green hydrogen. Enabling supplier to the green hydrogen ecosystem and potential alternative electrolyzer partner.
- Topsoe: Technology provider for ammonia synthesis and electrolysis; offers SOEC electrolyzers and ammonia process technology. Enabling partner/supplier to the green ammonia industry, comparable to ThyssenKrupp Uhde.
Emerging players
- BW Ideol: Floating offshore wind developer and subsidiary of BW Offshore (SwitcH2's lead shareholder). Comparable floating offshore technology with shared shareholder base and potential synergy for offshore hydrogen production platforms.
- HIF Global: Developing e-fuels (e-methanol, e-gasoline, e-ammonia) projects in Chile, USA, and Australia using green hydrogen. Comparable project-development-stage company targeting hard-to-abate sectors with synthetic fuels.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Switch2 Offshore social profiles
Digital presenceSwitch2 Offshore compliance and trust
Trust signalCompliance3 records
Switch2 Offshore financial estimates
Financial estimateRevenue estimate
Valuation estimate
Switch2 Offshore leadership team
Management profileNumber of profiles
Profiles15 records
Switch2 Offshore subsidiaries and ownership
Company hierarchySubsidiaries1 record
Switch2 Offshore funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Switch2 Offshore 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 Switch2 Offshore
What does Switch2 Offshore do?
SwitcH2 (Switch2 Offshore) is a project development company that designs, develops, and operates offshore floating production units (FPSOs) for industrial-scale green hydrogen and green ammonia production. Its flagship product is a 300 MW Green FPSO—a 300-meter vessel integrating a PEM electrolyzer and ammonia synthesis unit, powered by offshore wind, solar, and wave energy, capable of producing 790 tons per day of RFNBO-compliant green ammonia. The company handles the entire value chain from Power Purchase Agreements to offtake agreements for industrial customers.
Is Switch2 Offshore a public or private company?
Switch2 Offshore is a private company. It is classified as venture growth investor backed and is currently operating.
When was Switch2 Offshore founded?
Switch2 Offshore was founded in 2021. It employs 11 to 50 people.
Where is Switch2 Offshore based?
Switch2 Offshore is headquartered in Rotterdam, Netherlands, in the Europe region.
How does Switch2 Offshore make money?
Three revenue lines are on record. Green Ammonia Sales are the primary driver. The others are green Hydrogen Sales and power Purchase Agreements.
Who are Switch2 Offshore's main competitors?
Hyphen Hydrogen Energy is listed as a direct peer. Broad incumbents are Air Products, Ørsted, SBM Offshore, Equinor and Shell. Others are Nel ASA and Topsoe. Emerging players are BW Ideol and HIF Global.
Does Switch2 Offshore have an API?
No public API is recorded for Switch2 Offshore.
What industry is Switch2 Offshore in?
Switch2 Offshore's product category is Offshore Green Hydrogen and Ammonia Production. Its primary akta.pro industry code is IMAJAGAF, Electrical Engineering & Power Distribution (Generation, Switchboards, Cabling, Lighting), with a secondary code of IMAJAJAA, Integrated Marine Electrical Systems & Switchboards. Its NAICS code is 2211 and its SIC code is 4991.