GreenH AS
GreenH AS develops, builds, and operates a network of green hydrogen production hubs along the Norwegian coastline, supplying maritime operators, heavy transport, and industrial customers via direct bunkering and long-term supply contracts.
- Company typePrivate
- Founded-
- HeadquartersOslo, Norway
- Headcount11–50
- GTM typeB2B
- OfferingServices
What GreenH AS does
GreenH AS is a Norwegian green hydrogen infrastructure company, founded around 2020 and headquartered in Oslo (Pilestredet 8). The company develops, builds, and operates a planned network of green hydrogen production hubs along the Norwegian coastline, with sites in Bodø, Kristiansund, Slagentangen (Tønsberg), Sandnessjøen, Hammerfest, and Rogaland (Fiskå). Core technology is water electrolysis powered by renewable electricity, producing hydrogen, oxygen, and residual heat. GreenH's direct bunkering design enables pressurized hydrogen to be transferred from production facility directly to maritime vessels without intermediate transport, a configuration that materially reduces transport cost and emissions for end users.
The company's flagship asset is the Bodø facility at Langstranda, a 20 MW electrolyser producing 8.5 tonnes of hydrogen per day (approximately 3,100 tonnes/year), described as Nord-Europe's largest hydrogen facility of its kind, with construction underway and completion targeted for end of 2026. The Rogaland hub is planned at 12.5 MW with ~5 tonnes/day capacity. By-products are sold or reused: oxygen to the aquaculture industry and heat to district heating networks, creating additional revenue streams and improving unit economics.
GreenH's revenue model is built on long-term, multi-year hydrogen supply contracts (e.g., a 15-year agreement with Torghatten Nord for the Lofoten ferry route), supplemented by by-product sales and government support from Enova, the EU Innovation Fund, and Innovation Norway. The customer base is concentrated in maritime (Torghatten Nord, Norled, Heidelberg Materials, Felleskjøpet Agri) with secondary segments in heavy land transport and local industry. Norwegian shareholders (Infranordic, Brødrene London, Lychegården, Grieg New Energy) retain 71% ownership following a 2024 investment of approximately NOK 1 billion from Luxcara and SWEN Capital Partners.
GreenH AS firmographics
Firmographics- Name
- GreenH AS
- Legal name
- GreenH AS
- Website
- https://greenh.no
- Company type
- Private
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- GreenH AS develops, builds, and operates a network of green hydrogen production hubs along the Norwegian coastline, supplying maritime operators, heavy transport, and industrial customers via direct bunkering and long-term supply contracts.
- Ownership category
- akta.pro rank
GreenH AS industry classification
Industry- Product category
- Green Hydrogen Infrastructure
- NAICS
- Chemical Manufacturing (325)
- akta.pro primary industry
- Hydrogen (Industrial & Mobility) (IMAEACAB)
- akta.pro secondary industries
- Hydrogen Production Supply & Offtake (Green/Blue H2) for Utility Blending (EUAJAJAF), Hydrogen & Derivative Fuels for Industry (H₂, Ammonia, Methanol) (EUABAJAC), Hydrogen Energy Storage & Power-to-X Equipment (electrolyzers, storage, fuel cell systems) (IMAGAHAM)
Keywords
Where GreenH AS is headquartered
LocationHeadquarters
- HQ city
- Oslo
- HQ country
- Norway
- HQ region
- Europe
Offices8 records
Markets served
GreenH AS business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Operations, Technology or R&D, Personnel, Marketing or Sales
Revenue model
- Hydrogen Sales: Sale of green hydrogen to maritime operators (ferries, offshore vessels), heavy transport companies, and industrial customers through long-term supply agreements
- By-product Sales: Sale of oxygen (by-product of electrolysis) to aquaculture industry and heat to district heating networks
- Government Subsidies: Receipt of government funding from Enova, EU Innovation Fund, and Innovation Norway to support infrastructure development and technology demonstration
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | Hydrogen supply contracts |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels4 records
GreenH AS product offering
Product offeringCore offering
GreenH AS develops, builds, and operates green hydrogen production facilities along the Norwegian coast. The company produces green hydrogen via water electrolysis powered by renewable electricity and supplies it directly to maritime vessels and industrial customers through a network of coastal hubs, also capturing oxygen and heat by-products for adjacent industries.
Product overview
GreenH AS is a Norwegian hydrogen infrastructure company that develops, builds, and operates a network of green hydrogen production hubs along the Norwegian coastline. Their core offering consists of hydrogen production facilities located near end consumers (maritime vessels, industry, heavy transport) to minimize transport costs and emissions. The company operates hydrogen hubs in Bodø (Langstranda), Kristiansund (Vestbase), Slagentangen (Tønsberg), Sandnessjøen (Horvnes), Rogaland (Fiskå), and Hammerfest, with the Bodø facility being Nord-Europas largest of its kind with 20 MW electrolysis capacity producing 8.5 tonnes of hydrogen per day.
Differentiator
Problem solved
Functional benefit
Products and services
- Green Hydrogen Production and Supply (Bodø Hub) Coastal green hydrogen production hub at Bodø that produces hydrogen via water electrolysis powered by renewable electricity and supplies it directly to nearby maritime and industrial customers, with by-product oxygen and heat routed to adjacent offtakers.
- Green Hydrogen Production and Supply (Kristiansund Hub) Coastal green hydrogen production hub at Kristiansund that produces hydrogen via water electrolysis powered by renewable electricity and supplies it directly to nearby maritime and industrial customers.
- Green Hydrogen Production and Supply (Slagentangen Hub) Coastal green hydrogen production hub at Slagentangen that produces hydrogen via water electrolysis powered by renewable electricity and supplies it directly to nearby maritime and industrial customers.
- Direct Bunkering Service Direct bunkering service allowing maritime vessels and heavy-duty transport fleets to refuel with green hydrogen at GreenH coastal hubs, eliminating transport logistics and reducing delivered fuel cost.
- By-Product Supply (Oxygen and Heat) Sale of by-products generated during electrolysis — oxygen routed to aquaculture operators and waste heat supplied to district heating networks — co-located with GreenH production hubs.
Quantifiable outcome
- Reduction of 26,500 tonnes CO2 annually from Bodø-Lofoten ferry route
- +2 more outcomes
Companies that use GreenH AS
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles3 records
GreenH AS technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
GreenH AS partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered major, core and minor.
- Helgeland HavnmajorPartnership for hydrogen facility at Horvnes near Sandnessjøen. Helgeland Havn connects Northern and Central Norway with ~25,000 port calls annually.
- LineamajorGrid company providing power reservation of 20 MW to Sandnessjøen hydrogen project, with potential for upscaling.
- Esso NorgemajorCollaboration with Esso Norge and Grieg Edge for potential hydrogen and ammonia production at Esso terminal on Slagentangen near Tønsberg. Letter of intent signed to study production and distribution of green hydrogen and ammonia to maritime sector.
- NorSea GroupcoreCollaboration agreement for hydrogen development at NorSea Group's Vestbase in Kristiansund. Partnership also includes cooperation on other NorSea supply bases. Vestbase has over 16,000 annual port calls.
- VeidekkeminorConstruction partner in Kristiansund project application with NorSea Group and Møre og Romsdal fylkeskommune.
- Grieg EdgecoreGrieg Edge, part of Grieg Maritim Group, entered into collaboration agreement and became co-owner of GreenH AS. Strategic partner for hydrogen development and part of Norwegian ownership group maintaining 71% stake.
- LindemajorPartnership with Linde (industrial gas and engineering company) for hydrogen production technology at Bodø. Linde has extensive hydrogen experience including over 80 electrolysers in operation and ~200 filling stations globally.
- SINTEFmajorResearch partner for hydrogen projects. Responsible for research and development on hydrogen hub concepts, including studies on proximity to airport and utilization of residual cold and vapor.
- NorconsultmajorEngineering partner for hydrogen projects. Led zoning plan process for Fiskå facility and responsible for overall project engineering at Bodø.
- Brødrene NordbømajorPartnership with Brødrene Nordbø for hydrogen facility at Fiskå industriområde. Brødrene Nordbø owns the industrial area and plans synergies including heat and oxygen offtake, plus maritime interests.
Scale indicators12 records
Recent moves7 records
Expansion highlights6 records
GreenH AS competitors and assessment
Company assessmentDirect peers
- Hexagon Purus: Norwegian-headquartered hydrogen storage and distribution systems provider, including Type 4 high-pressure cylinders and complete hydrogen distribution systems. Operates in the same Norwegian hydrogen value chain serving mobility and industrial customers.
- Aker Hydrogen: Norwegian industrial-scale green hydrogen developer (subsidiary of Aker ASA) targeting industrial and maritime customers in Norway. Direct competitor pursuing similar hub-based production strategy with strong industrial backing.
- Nel ASA: Norwegian electrolyzer manufacturer and hydrogen project developer; supplies the underlying technology many green hydrogen projects use and is also developing its own production projects. Both technology supplier and emerging competitor.
- Everfuel: Norwegian/Danish green hydrogen producer and distributor targeting heavy transport and maritime; similarly building hub-based production and distribution in Scandinavia. Direct competitor in the same Norwegian/Nordic hydrogen infrastructure market.
Broad incumbents
- Plug Power: US-based hydrogen fuel cell and electrolyzer company with growing European hydrogen production and distribution ambitions. Competitor in mobile and stationary hydrogen applications with much larger scale and broader geographic reach.
- Statkraft: Norwegian state-owned renewable energy company developing green hydrogen projects at industrial scale across Norway and Europe. Established incumbent with renewable power access advantages and broader energy portfolio.
- Equinor: Norwegian state-controlled energy major with growing hydrogen ambitions (H2H Saltend, Northern Lights CCUS). Major offshore Norwegian player with much larger capital base pursuing similar hydrogen and decarbonization markets.
- Shell Hydrogen: Global oil major developing green hydrogen projects (e.g., Holland Hydrogen, REFHYNE) targeting industrial and mobility customers. Major incumbent with deep capital and project development capability in hydrogen infrastructure.
- Yara Clean Ammonia: Norwegian fertilizer and clean ammonia producer with significant hydrogen demand and existing hydrogen production assets. Could be a partner (or competitor) for ammonia/hydrogen production at sites like Slagentangen.
Emerging players
- ITM Power: UK-based electrolyzer manufacturer and project developer with growing European hydrogen production footprint. Comparable technology and project development model, though smaller and more geographically concentrated in UK.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
GreenH AS social profiles
Digital presenceGreenH AS financial estimates
Financial estimateRevenue estimate
Valuation estimate
GreenH AS leadership team
Management profileNumber of profiles
GreenH AS subsidiaries and ownership
Company hierarchySubsidiaries1 record
GreenH AS funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
GreenH AS 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 GreenH AS
What does GreenH AS do?
GreenH AS develops, builds, and operates green hydrogen production facilities along the Norwegian coast. The company produces green hydrogen via water electrolysis powered by renewable electricity and supplies it directly to maritime vessels and industrial customers through a network of coastal hubs, also capturing oxygen and heat by-products for adjacent industries.
Is GreenH AS a public or private company?
GreenH AS is a private company. It is classified as venture growth investor backed and is currently operating.
When was GreenH AS founded?
GreenH AS was founded in -1. It employs 11 to 50 people.
Where is GreenH AS based?
GreenH AS is headquartered in Oslo, Norway, in the Europe region.
How does GreenH AS make money?
Three revenue lines are on record. Hydrogen Sales are the primary driver. The others are by-product Sales and government Subsidies.
Who are GreenH AS's main competitors?
Direct peers on record are Hexagon Purus, Aker Hydrogen, Nel ASA and Everfuel. Broad incumbents are Plug Power, Statkraft, Equinor, Shell Hydrogen and Yara Clean Ammonia. ITM Power is listed as an emerging player.
Does GreenH AS have an API?
No public API is recorded for GreenH AS.
What industry is GreenH AS in?
GreenH AS's product category is Green Hydrogen Infrastructure. Its primary akta.pro industry code is IMAEACAB, Hydrogen (Industrial & Mobility), with a secondary code of EUAJAJAF, Hydrogen Production Supply & Offtake (Green/Blue H2) for Utility Blending. Its NAICS code is 325.